Company Registration No. 05592082 (England and Wales)
O. C. Floor Screeding Ltd
Unaudited accounts
for the year ended 31 October 2023
O. C. Floor Screeding Ltd
Unaudited accounts
Contents
O. C. Floor Screeding Ltd
Company Information
for the year ended 31 October 2023
Company Number
05592082 (England and Wales)
Registered Office
8 Elton Avenue
Greenford
London
UB6 0PW
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
O. C. Floor Screeding Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
37,515
65,865
Creditors: amounts falling due within one year
(54,369)
(65,769)
Net current (liabilities)/assets
(1,008)
691
Net (liabilities)/assets
(1,006)
840
Called up share capital
1,000
1,000
Profit and loss account
(2,006)
(160)
Shareholders' funds
(1,006)
840
For the year ending 31 October 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 8 October 2024 and were signed on its behalf by
Bujar Osmani
Director
Company Registration No. 05592082
O. C. Floor Screeding Ltd
Notes to the Accounts
for the year ended 31 October 2023
O. C. Floor Screeding Ltd is a private company, limited by shares, registered in England and Wales, registration number 05592082. The registered office is 8 Elton Avenue, Greenford, London, UB6 0PW.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
O. C. Floor Screeding Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
28,268
9,200
37,468
At 31 October 2023
28,268
9,200
37,468
At 1 November 2022
28,119
9,200
37,319
Charge for the year
147
-
147
At 31 October 2023
28,266
9,200
37,466
At 31 October 2022
149
-
149
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
44,242
56,089
Loans from directors
9,427
8,200
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The ultimate controlling party is Mr. Bujar Osmani, who is the sole director and holds fifty percent of the company shares.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).