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REGISTERED NUMBER: 08274233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

OJ METALS LIMITED

OJ METALS LIMITED (REGISTERED NUMBER: 08274233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OJ METALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: I Osborne





SECRETARY:





REGISTERED OFFICE: Unit 6 Avenue Estate
Southend Arterial Road
Romford
Essex
RM3 0BY





REGISTERED NUMBER: 08274233 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

OJ METALS LIMITED (REGISTERED NUMBER: 08274233)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,374 26,836

CURRENT ASSETS
Stocks 38,119 10,000
Debtors 5 22,819 19,500
Cash at bank 537,080 486,846
598,018 516,346
CREDITORS
Amounts falling due within one year 6 141,944 143,179
NET CURRENT ASSETS 456,074 373,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,448

400,003

PROVISIONS FOR LIABILITIES 7 5,914 5,914
NET ASSETS 483,534 394,089

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 483,532 394,087
SHAREHOLDERS' FUNDS 483,534 394,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

OJ METALS LIMITED (REGISTERED NUMBER: 08274233)

BALANCE SHEET - continued
31 OCTOBER 2023


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 16 October 2024 and were signed by:





I Osborne - Director


OJ METALS LIMITED (REGISTERED NUMBER: 08274233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

OJ Metals Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OJ METALS LIMITED (REGISTERED NUMBER: 08274233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 37,410 2,500 26,346 66,256
Additions - - 22,245 22,245
Disposals - - (14,196 ) (14,196 )
At 31 October 2023 37,410 2,500 34,395 74,305
DEPRECIATION
At 1 November 2022 20,732 2,192 16,496 39,420
Charge for year 3,336 62 5,881 9,279
Eliminated on disposal - - (7,768 ) (7,768 )
At 31 October 2023 24,068 2,254 14,609 40,931
NET BOOK VALUE
At 31 October 2023 13,342 246 19,786 33,374
At 31 October 2022 16,678 308 9,850 26,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,382 17,063
Other debtors 2,137 2,137
Prepayments 300 300
22,819 19,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,009 22,008
Tax 65,882 42,658
Social security and other taxes (12 ) (5 )
VAT 51,272 75,825
Accrued expenses 2,793 2,693
141,944 143,179

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,914 5,914

OJ METALS LIMITED (REGISTERED NUMBER: 08274233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 5,914
Balance at 31 October 2023 5,914

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 November 2022 394,087
Profit for the year 91,945
Dividends (2,500 )
At 31 October 2023 483,532