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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
Page
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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
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R C Oughton & Son Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
243,900 
237,844 
Current assets
Inventories
22,080 
9,606 
Debtors
9,636 
59,995 
Cash at bank and in hand
41,276 
56,412 
72,992 
126,013 
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)
Net assets
93,731 
119,403 
Capital and reserves
Called up share capital
70 
70 
Share premium
50 
50 
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
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R C Oughton & Son Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost
At 1 January 2023
58,500 
At 31 December 2023
58,500 
Amortisation
At 1 January 2023
58,500 
At 31 December 2023
58,500 
Net book value
At 31 December 2023
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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 
Depreciation
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 
Net book value
At 31 December 2023
188,583 
5,905 
49,412 
243,900 
At 31 December 2022
190,083 
7,873 
39,888 
237,844 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,152 
55,286 
Accrued income and prepayments
5,484 
4,709 
9,636 
59,995 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,556 
15,556 
VAT
13,992 
31,872 
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 
Accruals
3,475 
8,620 
109,396 
125,018 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
74,308 
88,827 
Obligations under finance leases and hire purchase contracts
30,382 
21,534 
104,690 
110,361 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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