1 April 2023 v2024.65.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP095150462023-04-012024-03-31095150462024-03-31095150462023-03-3109515046core:WithinOneYear2024-03-3109515046core:WithinOneYear2023-03-3109515046core:ShareCapital2024-03-3109515046core:ShareCapital2023-03-3109515046core:RetainedEarningsAccumulatedLosses2024-03-3109515046core:RetainedEarningsAccumulatedLosses2023-03-3109515046bus:Director12023-04-012024-03-3109515046bus:RegisteredOffice2023-04-012024-03-3109515046core:PlantMachinery2023-04-012024-03-31095150462022-04-012023-03-31095150462023-04-010951504612023-04-012024-03-3109515046countries:EnglandWales2023-04-012024-03-3109515046bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109515046bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109515046bus:SmallEntities2023-04-012024-03-3109515046bus:AbridgedAccounts2023-04-012024-03-31
Company registration number:
09515046
OJS Autos Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2024
OJS Autos Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of OJS Autos Ltd
Year ended
31 March 2024
As described on the abridged statement of financial position, the Board of Directors of
OJS Autos Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
31 March 2024
, which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Accountants South West Ltd
11 College Avenue
Mutley Plain
Plymouth
Devon...
PL4 7AL
United Kingdom
OJS Autos Ltd
Abridged Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
8,808
 
6,071
 
Current assets    
Stocks
383,097
 
515,630
 
Debtors
48,357
 
14,689
 
Cash at bank and in hand
108,825
 
50,820
 
540,279
 
581,139
 
Creditors: amounts falling due within one year
(327,585
)
(358,715
)
Net current assets
212,694
 
222,424
 
Total assets less current liabilities 221,502   228,495  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
221,500
 
228,493
 
Shareholders funds
221,502
 
228,495
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
9 December 2024
, and are signed on behalf of the board by:
Mr Oliver John Shirley
Director
Company registration number:
09515046
OJS Autos Ltd
Notes to the Abridged Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
64 Valley Rd
,
Plymouth
,
Devon
,
PL7 1RF
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
7
(2023:
5.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 April 2023
16,880
 
Additions
5,673
 
At
31 March 2024
22,553
 
Depreciation  
At
1 April 2023
10,809
 
Charge
2,936
 
At
31 March 2024
13,745
 
Carrying amount  
At
31 March 2024
8,808
 
At 31 March 2023
6,071