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REGISTERED NUMBER: 05515967 (England and Wales)













OCI CONSULTING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OCI CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Ali





SECRETARY: K Ali





REGISTERED OFFICE: 3 New Mill Court
Enterprise Park
Swansea
SA7 9FG





REGISTERED NUMBER: 05515967 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 488,037 1
Tangible assets 5 993,304 1,003,649
1,481,341 1,003,650

CURRENT ASSETS
Stocks 125,000 121,285
Debtors 6 636,957 529,778
Investments 7 51,000 51,000
Cash at bank 1,728 -
814,685 702,063
CREDITORS
Amounts falling due within one year 8 624,672 318,537
NET CURRENT ASSETS 190,013 383,526
TOTAL ASSETS LESS CURRENT LIABILITIES 1,671,354 1,387,176

CREDITORS
Amounts falling due after more than one
year

9

1,121,046

739,427
NET ASSETS 550,308 647,749

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 548,308 645,749
550,308 647,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

BALANCE SHEET - continued
30 NOVEMBER 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 25 November 2024 and were signed by:





A Ali - Director


OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

OCI Consulting 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on cost

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.


OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022 143,625
Additions 513,722
At 30 November 2023 657,347
AMORTISATION
At 1 December 2022 143,624
Charge for year 25,686
At 30 November 2023 169,310
NET BOOK VALUE
At 30 November 2023 488,037
At 30 November 2022 1

OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 852,579 126,500 66,353
Additions - - 5,623
At 30 November 2023 852,579 126,500 71,976
DEPRECIATION
At 1 December 2022 - 61,072 56,852
Charge for year - 6,543 1,815
At 30 November 2023 - 67,615 58,667
NET BOOK VALUE
At 30 November 2023 852,579 58,885 13,309
At 30 November 2022 852,579 65,428 9,501

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 92,522 6,219 1,144,173
Additions 4,900 - 10,523
At 30 November 2023 97,422 6,219 1,154,696
DEPRECIATION
At 1 December 2022 20,148 2,452 140,524
Charge for year 11,591 919 20,868
At 30 November 2023 31,739 3,371 161,392
NET BOOK VALUE
At 30 November 2023 65,683 2,848 993,304
At 30 November 2022 72,374 3,767 1,003,649

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 433,712 398,721
Other debtors 203,245 131,057
636,957 529,778

OCI CONSULTING LIMITED (REGISTERED NUMBER: 05515967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 51,000 51,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 185,987 90,636
Hire purchase contracts 13,588 10,079
Trade creditors 333,923 174,695
Taxation and social security 55,505 31,548
Other creditors 35,669 11,579
624,672 318,537

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,061,674 666,467
Hire purchase contracts 59,372 72,960
1,121,046 739,427