Company Registration No. 07476962 (England and Wales)
R C Oughton & Son Limited
Unaudited accounts
for the year ended 31 December 2023
R C Oughton & Son Limited
Unaudited accounts
Contents
R C Oughton & Son Limited
Company Information
for the year ended 31 December 2023
Directors
Mark Oughton
Sarah Oughton
Company Number
07476962 (England and Wales)
Registered Office
52 Leicester Street
Bulkington
Bedworth
Warwickshire
CV12 9NG
England
Accountants
Brian Owen Associates Ltd
52 Leicester Street
Bulkington
Bedworth
CV12 9NG
R C Oughton & Son Limited
Statement of financial position
as at 31 December 2023
Tangible assets
243,900
237,844
Cash at bank and in hand
41,276
56,412
Creditors: amounts falling due within one year
(109,396)
(125,018)
Net current (liabilities)/assets
(36,404)
995
Total assets less current liabilities
207,496
238,839
Creditors: amounts falling due after more than one year
(104,690)
(110,361)
Provisions for liabilities
Deferred tax
(9,075)
(9,075)
Called up share capital
70
70
Profit and loss account
93,611
119,283
Shareholders' funds
93,731
119,403
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Sarah Oughton
Director
Company Registration No. 07476962
R C Oughton & Son Limited
Notes to the Accounts
for the year ended 31 December 2023
R C Oughton & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 07476962. The registered office is 52 Leicester Street, Bulkington, Bedworth, Warwickshire, CV12 9NG, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Intangible fixed assets
Goodwill
At 31 December 2023
58,500
At 31 December 2023
58,500
R C Oughton & Son Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
205,083
44,568
127,675
377,326
Additions
-
-
23,995
23,995
At 31 December 2023
205,083
44,568
151,670
401,321
At 1 January 2023
15,000
36,695
87,787
139,482
Charge for the year
1,500
1,968
14,471
17,939
At 31 December 2023
16,500
38,663
102,258
157,421
At 31 December 2023
188,583
5,905
49,412
243,900
At 31 December 2022
190,083
7,873
39,888
237,844
Amounts falling due within one year
Trade debtors
4,152
55,286
Accrued income and prepayments
5,484
4,709
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,556
15,556
Obligations under finance leases and hire purchase contracts
11,415
7,274
Trade creditors
34,269
45,767
Taxes and social security
14,009
12,465
Loans from directors
16,680
3,464
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
30,382
21,534
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).