08894035falseengineering consultancy2023-04-012024-02-29http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-02-29http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-02-29http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-29http://www.companieshouse.gov.uk/cd:Director22023-04-012024-02-29http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:Director32023-04-012024-02-29http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-29http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-02-29http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-02-29http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-02-29http://www.companieshouse.gov.uk/pt:MotorCars2024-02-29http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-02-29http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-29http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-02-29http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-02-29http://www.companieshouse.gov.uk/2024-02-29http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-02-29http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-02-29iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08894035

ONRG Ltd

ACCOUNTS
FOR THE 335 DAY PERIOD ENDED 29/02/2024

Prepared By:

ONRG Ltd

ACCOUNTS
FOR THE 335 DAY PERIOD ENDED 29/02/2024
DIRECTORS
Mr CJ Emmins
Mr DW Fleming (appointed 16/2/2024)
Mr JM Heiton (appointed 16/2/2024)
SECRETARY
Mr JG Macrae (appointed 16/2/2024)
REGISTERED OFFICE
Yarmouth Business Park
Thamesfield Way
Great Yarmouth
Norfolk
NR31 0ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08894035
ACCOUNTANTS

ONRG Ltd

ACCOUNTS
FOR THE335 DAY PERIODENDED29/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

ONRG Ltd

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets236,790116,540
CURRENT ASSETS
Debtors31,189,055314,540
Cash at bank and in hand596,3761,512,895
1,785,4311,827,435
CREDITORS: Amounts falling due within one year4352,457330,155
NET CURRENT ASSETS1,432,9741,497,280
TOTAL ASSETS LESS CURRENT LIABILITIES1,469,7641,613,820
PROVISIONS FOR LIABILITIES AND CHARGES610,0969,513
NET ASSETS1,459,6681,604,307
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account1,459,5681,604,207
SHAREHOLDERS' FUNDS1,459,6681,604,307
For the year ending 29/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/07/2024 and signed on their behalf by
.............................
Mr CJ Emmins
Director

ONRG Ltd

NOTES TO THE ACCOUNTS
FOR THE 335 DAY PERIOD ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures And Fittingsreducing balance15%
Equipmentreducing balance33%
Motor Carsreducing balance25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

ONRG Ltd

2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/04/202337,459112,581125,492275,532
Additions-8,190-8,190
Disposals-(69,335)(125,492)(194,827)
At 29/02/202437,45951,436-88,895
Depreciation
At 01/04/202316,13685,64357,213158,992
Disposals-(69,335)(69,922)(139,257)
For the 335 day period2,97516,68612,70932,370
At 29/02/202419,11132,994-52,105
Net Book Amounts
At 29/02/202418,34818,442-36,790
At 31/03/202321,32326,93868,279116,540
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors252,5886,287
Other debtors-70,114
Prepayments28,18411,676
Accrued income160,489226,463
441,261314,540
Amounts falling due over more than one year
Long term debtor OEG Renewables Group Ltd747,794-
747,794-
1,189,055314,540

ONRG Ltd

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax75,911220,845
VAT52,52323,441
PAYE control46,05012,761
Salaries and wages control80,04624,473
Directors current account-12,407
Trade creditors35,61431,548
Pension schemes1,183770
Accruals61,1303,910
352,457330,155
5. EMPLOYEES
20242023
No.No.
Average number of employees88
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation10,0969,513
10,0969,513
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100