2023-03-01 2024-02-29 false Capium Accounts Production 1.1 12468807 bus:FullAccounts 2023-03-01 2024-02-29 12468807 bus:FRS102 2023-03-01 2024-02-29 12468807 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12468807 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12468807 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12468807 2023-03-01 2024-02-29 12468807 2024-02-29 12468807 bus:RegisteredOffice 2023-03-01 2024-02-29 12468807 core:WithinOneYear 2024-02-29 12468807 core:AfterOneYear 2024-02-29 12468807 bus:Director1 2023-03-01 2024-02-29 12468807 bus:Director1 2024-02-29 12468807 bus:Director1 2022-03-01 2023-02-28 12468807 bus:Director2 2023-03-01 2024-02-29 12468807 bus:Director2 2024-02-29 12468807 bus:Director2 2022-03-01 2023-02-28 12468807 2022-03-01 12468807 bus:CompanySecretary1 2023-03-01 2024-02-29 12468807 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 12468807 2022-03-01 2023-02-28 12468807 2023-02-28 12468807 core:WithinOneYear 2023-02-28 12468807 core:AfterOneYear 2023-02-28 12468807 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 12468807 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 12468807 bus:OrdinaryShareClass1 2024-02-29 12468807 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 12468807 bus:OrdinaryShareClass1 2023-02-28 12468807 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 12468807 bus:OrdinaryShareClass2 2024-02-29 12468807 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 12468807 bus:OrdinaryShareClass2 2023-02-28 12468807 core:MotorCars 2023-03-01 2024-02-29 12468807 core:MotorCars 2024-02-29 12468807 core:MotorCars 2023-02-28 12468807 core:FurnitureFittings 2023-03-01 2024-02-29 12468807 core:FurnitureFittings 2024-02-29 12468807 core:FurnitureFittings 2023-02-28 12468807 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 12468807 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 12468807 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 12468807 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 12468807 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 12468807 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 12468807 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 12468807 core:Non-currentFinancialInstruments 2024-02-29 12468807 core:Non-currentFinancialInstruments 2023-02-28 12468807 core:ShareCapital 2024-02-29 12468807 core:ShareCapital 2023-02-28 12468807 core:RetainedEarningsAccumulatedLosses 2024-02-29 12468807 core:RetainedEarningsAccumulatedLosses 2023-02-28 12468807 dpl:Item1 2023-03-01 12468807 dpl:Item1 2024-02-29 12468807 dpl:Item1 2022-03-01 12468807 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12468807
England

 

 

 


Filleted Accounts

for the year ended 29 February 2024

for

OCO TOOLS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 90,359    50,822 
90,359    50,822 
Current assets      
Stocks 4 18,520    19,020 
Debtors 5 8,297    36,587 
Cash at bank and in hand 124,762    109,854 
151,579    165,461 
Creditors: amount falling due within one year 6 (131,231)   (158,865)
Net current assets 20,348    6,596 
 
Total assets less current liabilities 110,707    57,418 
Creditors: amount falling due after more than one year 7 (625)   (7,444)
Provisions for liabilities 8 (9,926)   (2,396)
Net assets 100,156    47,578 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 100,056    47,478 
Shareholders' funds 100,156    47,578 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 November 2024 and were signed on its behalf by:


-------------------------------
Benjamin O'Connor
Director
1
General Information
OCO Tools Ltd is a private company, limited by shares, registered in England, registration number 12468807, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 March 2023 18,240    56,995    75,235 
Additions   52,243    52,243 
Disposals    
At 29 February 2024 18,240    109,238    127,478 
Depreciation
At 01 March 2023 10,545    13,868    24,413 
Charge for year 1,924    10,782    12,706 
On disposals    
At 29 February 2024 12,469    24,650    37,119 
Net book values
Closing balance as at 29 February 2024 5,771    84,588    90,359 
Opening balance as at 01 March 2023 7,695    43,127    50,822 


4.

Stocks

2024
£
  2023
£
Stocks 18,520    19,020 
18,520    19,020 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 8,297    36,587 
8,297    36,587 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 951   
Corporation Tax 4,825    19,830 
PAYE & Social Security   179 
Directors' Current Accounts 113,016    119,849 
VAT 12,439    19,007 
131,231    158,865 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Obligations Under HP/Financial Leases 625    7,444 
625    7,444 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 9,926    2,396 
9,926    2,396 

9.

Share Capital

Authorised
50 A Ordinary shares of £1.00 each
50 B Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
50 A Ordinary shares of £1.00 each 50    50 
50 B Ordinary shares of £1.00 each 50    50 
100    100 

2