Company Registration No. 7364896 (England and Wales)
OC Gripping Ltd
Unaudited accounts
for the year ended 5 April 2024
OC Gripping Ltd
Unaudited accounts
Contents
OC Gripping Ltd
Company Information
for the year ended 5 April 2024
Company Number
7364896 (England and Wales)
OC Gripping Ltd
Statement of financial position
as at 5 April 2024
Tangible assets
13,288
14,130
Cash at bank and in hand
21,621
20,007
Creditors: amounts falling due within one year
(1,723)
(1,960)
Net current assets
19,898
18,047
Called up share capital
1
1
Profit and loss account
33,185
32,176
Shareholders' funds
33,186
32,177
For the year ending 5 April 2024 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 2 September 2024 and were signed on its behalf by
Owen Charnley
Director
Company Registration No. 7364896
OC Gripping Ltd
Notes to the Accounts
for the year ended 5 April 2024
OC Gripping Ltd is a private company, limited by shares, registered in England and Wales, registration number 7364896.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 6 April 2023
20,803
211
11,488
32,502
Additions
3,418
-
1,888
5,306
At 5 April 2024
24,221
211
13,376
37,808
At 6 April 2023
12,486
116
5,770
18,372
Charge for the year
4,322
25
1,801
6,148
At 5 April 2024
16,808
141
7,571
24,520
At 5 April 2024
7,413
70
5,805
13,288
At 5 April 2023
8,317
95
5,718
14,130
OC Gripping Ltd
Notes to the Accounts
for the year ended 5 April 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,719
8,411
Loans from directors
(9,996)
(6,451)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).