Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00934764 Mr Mark Hanson Mrs Maureen Hanson Mrs Maureen Hanson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00934764 2023-03-31 00934764 2024-03-31 00934764 2023-04-01 2024-03-31 00934764 frs-core:CurrentFinancialInstruments 2024-03-31 00934764 frs-core:Non-currentFinancialInstruments 2024-03-31 00934764 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00934764 frs-core:MotorVehicles 2024-03-31 00934764 frs-core:MotorVehicles 2023-04-01 2024-03-31 00934764 frs-core:MotorVehicles 2023-03-31 00934764 frs-core:PlantMachinery 2024-03-31 00934764 frs-core:PlantMachinery 2023-04-01 2024-03-31 00934764 frs-core:PlantMachinery 2023-03-31 00934764 frs-core:CapitalRedemptionReserve 2024-03-31 00934764 frs-core:SharePremium 2024-03-31 00934764 frs-core:ShareCapital 2024-03-31 00934764 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00934764 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00934764 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00934764 frs-bus:SmallEntities 2023-04-01 2024-03-31 00934764 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00934764 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00934764 frs-bus:Director1 2023-04-01 2024-03-31 00934764 frs-bus:Director2 2023-04-01 2024-03-31 00934764 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00934764 frs-countries:EnglandWales 2023-04-01 2024-03-31 00934764 2022-03-31 00934764 2023-03-31 00934764 2022-04-01 2023-03-31 00934764 frs-core:CurrentFinancialInstruments 2023-03-31 00934764 frs-core:Non-currentFinancialInstruments 2023-03-31 00934764 frs-core:CapitalRedemptionReserve 2023-03-31 00934764 frs-core:SharePremium 2023-03-31 00934764 frs-core:ShareCapital 2023-03-31 00934764 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00934764
Ockley Plumbing Limited
Financial Statements
For The Year Ended 31 March 2024
Keates & Co Accountants Ltd
Chartered Accountants
1 Rookery House
Grove Farm
Crookham Village
Hampshire
GU51 5RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00934764
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,437 6,302
3,437 6,302
CURRENT ASSETS
Stocks 5 - 7,881
Debtors 6 169,667 130,136
Cash at bank and in hand 293,102 134,400
462,769 272,417
Creditors: Amounts Falling Due Within One Year 7 (239,822 ) (142,069 )
NET CURRENT ASSETS (LIABILITIES) 222,947 130,348
TOTAL ASSETS LESS CURRENT LIABILITIES 226,384 136,650
Creditors: Amounts Falling Due After More Than One Year 8 (26,364 ) (35,215 )
NET ASSETS 200,020 101,435
CAPITAL AND RESERVES
Called up share capital 9 5,256 5,256
Share premium account 4,442 4,442
Capital redemption reserve 4,750 4,750
Profit and Loss Account 185,572 86,987
SHAREHOLDERS' FUNDS 200,020 101,435
Page 1
Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Hanson
Director
24 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ockley Plumbing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00934764 . The registered office is St Nicholas House, 4-6, Portesbery Road, Camberley, GU15 3TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 9)
7 9
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 5,244 20,313 25,557
Disposals (1,191 ) (13,404 ) (14,595 )
As at 31 March 2024 4,053 6,909 10,962
Depreciation
As at 1 April 2023 3,261 15,994 19,255
Provided during the period 788 1,512 2,300
Disposals (626 ) (13,404 ) (14,030 )
As at 31 March 2024 3,423 4,102 7,525
Net Book Value
As at 31 March 2024 630 2,807 3,437
As at 1 April 2023 1,983 4,319 6,302
5. Stocks
2024 2023
£ £
Work in progress - 7,881
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 160,197 112,895
Prepayments and accrued income 5,882 6,826
VAT 3,582 10,409
Called up share capital not paid 6 6
169,667 130,136
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 103,678 106,282
Corporation tax 54,610 1,461
Other taxes and social security 11,969 8,356
Net wages 2,290 -
Other creditors 575 4,670
Accruals and deferred income 66,700 21,300
239,822 142,069
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,364 35,215
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 6 6
Called Up Share Capital has been paid up 5,250 5,250
Amount of Allotted, Called Up Share Capital 5,256 5,256
Page 5