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REGISTERED NUMBER: 04409434 (England and Wales)















OGC MAINTENANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)






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


OGC MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr T D Wilson
Mr P C Wilson





REGISTERED OFFICE: Unit 130
Joseph Wilson Industrial Estate Expansio
Millstrood Road
Whitstable
Kent
CT5 3SN





REGISTERED NUMBER: 04409434 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 87,313 98,700

CURRENT ASSETS
Stocks 5 6,119 2,828
Debtors 6 138,441 63,676
Cash at bank and in hand 10,045 66,745
154,605 133,249
CREDITORS
Amounts falling due within one year 7 (161,971 ) (143,095 )
NET CURRENT LIABILITIES (7,366 ) (9,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,947

88,854

CREDITORS
Amounts falling due after more than one
year

8

(61,962

)

(72,429

)

PROVISIONS FOR LIABILITIES (10,599 ) (12,536 )
NET ASSETS 7,386 3,889

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7,383 3,886
7,386 3,889

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.

OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

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 7 August 2024 and were signed on its behalf by:




Mr P C Wilson - Director



Mr T D Wilson - Director


OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

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

1. STATUTORY INFORMATION

Ogc Maintenance 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 648 13,852 53,023
Additions - - -
At 31 December 2023 648 13,852 53,023
DEPRECIATION
At 1 January 2023 - 13,686 38,419
Charge for year - 41 3,651
At 31 December 2023 - 13,727 42,070
NET BOOK VALUE
At 31 December 2023 648 125 10,953
At 31 December 2022 648 166 14,604

Fixture & Motor
Fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 39,850 206,930 314,303
Additions - 17,500 17,500
At 31 December 2023 39,850 224,430 331,803
DEPRECIATION
At 1 January 2023 38,047 125,451 215,603
Charge for year 451 24,744 28,887
At 31 December 2023 38,498 150,195 244,490
NET BOOK VALUE
At 31 December 2023 1,352 74,235 87,313
At 31 December 2022 1,803 81,479 98,700

OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 35,615
DEPRECIATION
At 1 January 2023 27,265
Charge for year 2,087
At 31 December 2023 29,352
NET BOOK VALUE
At 31 December 2023 6,263
At 31 December 2022 8,350

5. STOCKS
2023 2022
£    £   
Stocks 6,119 2,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,149 61,456
Sundry debtors 2,220 2,220
Prepayments 1,072 -
138,441 63,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 8,481 8,829
Hire purchase contracts 942 3,768
Trade creditors 41,479 68,191
Amounts owed to group undertakings 15,000 15,000
Corporation Tax 15,361 11,539
Social security and other taxes 6,385 3,192
VAT 35,154 20,332
Sundry creditors 3,150 3,150
Directors' current accounts 1,552 1,636
Accruals and deferred income 30,150 -
Accrued expenses 4,317 7,458
161,971 143,095

OGC MAINTENANCE LIMITED (REGISTERED NUMBER: 04409434)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 26,487
Other loans - 1-2 years 16,962 -
Hire purchase contracts - 942
Sundry creditors 45,000 45,000
61,962 72,429