BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be the hire and sale of construction equipment. 3 December 2024 1 4 NI649666 2024-03-04 NI649666 2023-05-31 NI649666 2022-05-31 NI649666 2023-06-01 2024-03-04 NI649666 2022-06-01 2023-05-31 NI649666 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-03-04 NI649666 uk-curr:PoundSterling 2023-06-01 2024-03-04 NI649666 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-03-04 NI649666 uk-bus:AbridgedAccounts 2023-06-01 2024-03-04 NI649666 uk-core:ShareCapital 2024-03-04 NI649666 uk-core:ShareCapital 2023-05-31 NI649666 uk-core:RetainedEarningsAccumulatedLosses 2024-03-04 NI649666 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI649666 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-04 NI649666 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI649666 uk-bus:FRS102 2023-06-01 2024-03-04 NI649666 uk-core:PlantMachinery 2023-06-01 2024-03-04 NI649666 uk-countries:NorthernIreland 2023-06-01 2024-03-04 NI649666 uk-bus:Director1 2023-06-01 2024-03-04 NI649666 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-04 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI649666
 
 
OCU Power Grid Plant Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period ended 4 March 2024
OCU Power Grid Plant Ltd
Company Registration Number: NI649666
ABRIDGED BALANCE SHEET
as at 4 March 2024

Mar 24 May 23
Notes £ £
 
Fixed Assets
Tangible assets 5 1,288,959 1,289,316
───────── ─────────
 
Current Assets
Debtors 469,448 686,941
Cash at bank and in hand 189,294 41,996
───────── ─────────
658,742 728,937
───────── ─────────
Creditors: amounts falling due within one year (607,033) (692,467)
───────── ─────────
Net Current Assets 51,709 36,470
───────── ─────────
Total Assets less Current Liabilities 1,340,668 1,325,786
 
Creditors:
amounts falling due after more than one year (582,080) (651,627)
───────── ─────────
Net Assets 758,588 674,159
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 758,578 674,149
───────── ─────────
Shareholders' Funds 758,588 674,159
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial period ended 4 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Board and authorised for issue on 3 December 2024 and signed on its behalf by
           
           
           
________________________________          
Mr. Declan Hamill          
Director          
           



OCU Power Grid Plant Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period ended 4 March 2024

   
1. General Information
 
OCU Power Grid Plant Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 2 Church Street, Ballygawley, Co. Tyrone, BT70 2HB, United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 4 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 9 month 4 days period ended 4 March 2024.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial period was 1, (May 23 - 4).
 
  Mar 24 May 23
  Number Number
 
Administrative 1 4
  ═════════ ═════════
       
5. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 June 2023 2,454,377 2,454,377
Additions 369,428 369,428
Disposals (27,279) (27,279)
  ───────── ─────────
At 4 March 2024 2,796,526 2,796,526
  ───────── ─────────
Depreciation
At 1 June 2023 1,165,061 1,165,061
Charge for the financial period 366,967 366,967
On disposals (24,461) (24,461)
  ───────── ─────────
At 4 March 2024 1,507,567 1,507,567
  ───────── ─────────
Net book value
At 4 March 2024 1,288,959 1,288,959
  ═════════ ═════════
At 31 May 2023 1,289,316 1,289,316
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial period-ended 4 March 2024.
   
7. Post-Balance Sheet Events
 
On 5 March 2024 100% of the issued share capital of the company was acquired by OCU Services Limited.