Company Registration No. 08708549 (England and Wales)
Ofw Construction Ltd
Unaudited accounts
for the year ended 31 January 2024
Ofw Construction Ltd
Unaudited accounts
Contents
Ofw Construction Ltd
Company Information
for the year ended 31 January 2024
Company Number
08708549 (England and Wales)
Registered Office
2 Stour House, Clifford Business Park,
Stratford Upon Avon
CV37 8HW
United Kingdom
Accountants
FITZPATRICK OWEN ASSOCIATES LTD
41 Stanley Road
Rugby
Warwickshire
CV21 3UE
Ofw Construction Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
32,307
31,740
Inventories
220,663
108,978
Cash at bank and in hand
39,727
28,857
Creditors: amounts falling due within one year
(358,480)
(200,164)
Net current assets
26,642
24,095
Total assets less current liabilities
58,949
55,835
Creditors: amounts falling due after more than one year
(33,400)
(43,215)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
25,449
6,489
Shareholders' funds
25,549
6,589
For the year ending 31 January 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 October 2024 and were signed on its behalf by
Oliver Ford
Director
Company Registration No. 08708549
Ofw Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
Ofw Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 08708549. The registered office is 2 Stour House, Clifford Business Park,, Stratford Upon Avon, CV37 8HW, United Kingdom.
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.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
Fixtures & fittings
25% reducing balance
Computer equipment
25% on cost
4
Tangible fixed assets
Total
Charge for the year
10,808
Ofw Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Average number of employees
During the year the average number of employees was 7 (2023: 7).