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REGISTERED NUMBER: 09566466 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OFDL BIOMASS LIMITED

OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OFDL BIOMASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs B C Gilbert
R D T Morriss
S J E Foster





REGISTERED OFFICE: Wymondley Hall Priory Lane
Little Wymondley
Hitchin
Herts
SG4 7HE





REGISTERED NUMBER: 09566466 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,236 120,296

CURRENT ASSETS
Stocks 108,752 108,752
Debtors 5 482,478 490,035
Cash at bank 8,406 1,454
599,636 600,241
CREDITORS
Amounts falling due within one year 6 544,711 541,151
NET CURRENT ASSETS 54,925 59,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,161

179,386

CREDITORS
Amounts falling due after more than one year 7 (14,268 ) (24,268 )

PROVISIONS FOR LIABILITIES (17,370 ) (20,076 )
NET ASSETS 119,523 135,042

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 119,510 135,029
119,523 135,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





S J E Foster - Director


OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

OFDL Biomass Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 342,045
DEPRECIATION
At 1 January 2023 221,749
Charge for year 24,060
At 31 December 2023 245,809
NET BOOK VALUE
At 31 December 2023 96,236
At 31 December 2022 120,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,185 5,224
Amounts owed by group undertakings 460,993 475,993
Other debtors 5,300 8,818
482,478 490,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,589 1,540
Amounts owed to group undertakings 17,685 17,685
Taxation and social security 3,555 1,159
Other creditors 510,882 510,767
544,711 541,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,268 24,268

OFDL BIOMASS LIMITED (REGISTERED NUMBER: 09566466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £385,000 (2022: £366,147) to R Morriss, £114,893 (2022: £124,320) to S Foster and £3,989 (2022: £13,415) to B Gilbert, all directors of the company.

At the balance sheet date the company also owed £17,685 (2022: £17,685) to SF Barns and was owed £118,000 (2022: £123,000) by Foster & Ingall and £226,993 (2022: £258,647) by Old Hall Farmyard (Res) Limited, all connected by way of S Foster being a controlling party.

At the balance sheet date the company was owed £126,000 (2022: £126,000) by OFDL Holdings Ltd, the parent company.

During the year S Foster charged the company £2,400 (2022: £2,400) in respect of office rent. During the period the company charged Old Hall Farmyard (Res) Ltd £28,440 (2022: £26,550) in respect of heat provided to tenants.

9. ULTIMATE CONTROLLING PARTY

The parent company is OFDL Holdings Ltd.

The ultimate controlling party during the year was the directors acting in concert.