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Oldham Bros Ltd.

Unaudited Financial Statements for the Year Ended 31 March 2024






Oldham Bros Ltd. (Registered number: 01676314)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oldham Bros Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M F T Oldham





REGISTERED OFFICE: Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL





REGISTERED NUMBER: 01676314 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants
Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL

Oldham Bros Ltd. (Registered number: 01676314)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 7,500
Tangible assets 5 36,288 45,359
41,288 52,859

CURRENT ASSETS
Stocks - 40,000
Debtors 6 94,220 44,949
Cash at bank and in hand 43,228 106,725
137,448 191,674
CREDITORS
Amounts falling due within one year 7 166,175 147,771
NET CURRENT (LIABILITIES)/ASSETS (28,727 ) 43,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,561

96,762

CREDITORS
Amounts falling due after more than one
year

8

(13,256

)

(23,189

)

PROVISIONS FOR LIABILITIES (6,895 ) (8,618 )
NET (LIABILITIES)/ASSETS (7,590 ) 64,955

CAPITAL AND RESERVES
Called up share capital 20,100 20,100
Retained earnings (27,690 ) 44,855
SHAREHOLDERS' FUNDS (7,590 ) 64,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 September 2024 and were signed by:



M F T Oldham - Director


Oldham Bros Ltd. (Registered number: 01676314)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oldham Bros Ltd. 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 includes the value of work completed during the financial year after reference to stage completion of any projects partly completed at the year end.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business owned by the director in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 42,500
Charge for year 2,500
At 31 March 2024 45,000
NET BOOK VALUE
At 31 March 2024 5,000
At 31 March 2023 7,500

Oldham Bros Ltd. (Registered number: 01676314)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 126,512
DEPRECIATION
At 1 April 2023 81,153
Charge for year 9,071
At 31 March 2024 90,224
NET BOOK VALUE
At 31 March 2024 36,288
At 31 March 2023 45,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,220 36,898
Other debtors - 8,051
94,220 44,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102,738 71,176
Taxation and social security 13,488 18,517
Other creditors 49,949 58,078
166,175 147,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 13,256 23,189

9. ULTIMATE CONTROLLING PARTY

The controlling party is M F T Oldham.