Company Registration No. 08608382 (England and Wales)
Ogs Cooling Limited
Unaudited accounts
for the year ended 31 December 2023
Ogs Cooling Limited
Unaudited accounts
Contents
Ogs Cooling Limited
Company Information
for the year ended 31 December 2023
Company Number
08608382 (England and Wales)
Registered Office
Malt House Studios
4 Brook Street
Bishops Waltham
Southampton
Hampshire
SO32 1AX
United Kingdom
Accountants
Meon Valley Accounting Ltd
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Ogs Cooling Limited
Statement of financial position
as at 31 December 2023
Tangible assets
8,069
10,759
Cash at bank and in hand
17,945
44,261
Creditors: amounts falling due within one year
(41,560)
(72,972)
Net current assets
2,885
13,090
Total assets less current liabilities
10,954
23,849
Creditors: amounts falling due after more than one year
(8,944)
(20,289)
Provisions for liabilities
Deferred tax
(1,694)
(2,044)
Called up share capital
100
100
Profit and loss account
216
1,416
Shareholders' funds
316
1,516
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr D M O'Gorman
Director
Company Registration No. 08608382
Ogs Cooling Limited
Notes to the Accounts
for the year ended 31 December 2023
Ogs Cooling Limited is a private company, limited by shares, registered in England and Wales, registration number 08608382. The registered office is Malt House Studios, 4 Brook Street, Bishops Waltham, Southampton, Hampshire, SO32 1AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ogs Cooling Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
25,502
750
26,252
At 31 December 2023
25,502
750
26,252
At 1 January 2023
14,743
750
15,493
Charge for the year
2,690
-
2,690
At 31 December 2023
17,433
750
18,183
At 31 December 2023
8,069
-
8,069
At 31 December 2022
10,759
-
10,759
Amounts falling due within one year
Trade debtors
21,247
37,956
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
5,344
5,344
Taxes and social security
20,670
28,069
Other creditors
2,487
3,687
Loans from directors
-
13,825
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
444
5,789
At the balance sheet date, the director owed the company £1,408. This was an interest free loan and was repaid within 9 months of the year end.
Ogs Cooling Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).