Registered number
09477403
OHNS Service Limited
Filleted Accounts
31 March 2024
OHNS Service Limited
Registered number: 09477403
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 387 484
Current assets
Debtors 4 263 4,823
Investments held as current assets 5 175,161 226,291
Cash at bank and in hand 178,471 41,262
353,895 272,376
Creditors: amounts falling due within one year 6 (191,515) (210,245)
Net current assets 162,380 62,131
Total assets less current liabilities 162,767 62,615
Creditors: amounts falling due after more than one year 7 (37,388) (38,889)
Net assets 125,379 23,726
Capital and reserves
Called up share capital 1 1
Profit and loss account 125,378 23,725
Shareholder's funds 125,379 23,726
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr V Wreesmann
Director
Approved by the board on 27 August 2024
OHNS Service Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at cost. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,308
At 31 March 2024 2,308
Depreciation
At 1 April 2023 1,824
Charge for the year 97
At 31 March 2024 1,921
Net book value
At 31 March 2024 387
At 31 March 2023 484
4 Debtors 2024 2023
£ £
Other debtors 263 4,823
5 Investments held as current assets 2024 2023
£ £
At cost
Unlisted investments 175,161 226,291
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,006 5,556
Trade creditors 610 -
Taxation and social security costs 42,872 21,846
Other creditors 144,027 182,843
191,515 210,245
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,388 38,889
8 Other information
OHNS Service Limited is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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