IRIS Accounts Production v24.3.0.553 08792861 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087928612022-11-30087928612023-11-30087928612022-12-012023-11-30087928612021-11-30087928612021-12-012022-11-30087928612022-11-3008792861ns15:EnglandWales2022-12-012023-11-3008792861ns14:PoundSterling2022-12-012023-11-3008792861ns10:Director12022-12-012023-11-3008792861ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008792861ns10:SmallEntities2022-12-012023-11-3008792861ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008792861ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008792861ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008792861ns10:FullAccounts2022-12-012023-11-3008792861ns10:RegisteredOffice2022-12-012023-11-3008792861ns5:CurrentFinancialInstruments2023-11-3008792861ns5:CurrentFinancialInstruments2022-11-3008792861ns5:Non-currentFinancialInstruments2023-11-3008792861ns5:Non-currentFinancialInstruments2022-11-3008792861ns5:ShareCapital2023-11-3008792861ns5:ShareCapital2022-11-3008792861ns5:RetainedEarningsAccumulatedLosses2023-11-3008792861ns5:RetainedEarningsAccumulatedLosses2022-11-3008792861ns5:PlantMachinery2022-12-012023-11-3008792861ns5:FurnitureFittings2022-12-012023-11-3008792861ns5:PlantMachinery2022-11-3008792861ns5:FurnitureFittings2022-11-3008792861ns5:PlantMachinery2023-11-3008792861ns5:FurnitureFittings2023-11-3008792861ns5:PlantMachinery2022-11-3008792861ns5:FurnitureFittings2022-11-3008792861ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3008792861ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30
REGISTERED NUMBER: 08792861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OK FLEET DISPOSALS LIMITED

OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

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


OK FLEET DISPOSALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J D Gill



REGISTERED OFFICE: Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



REGISTERED NUMBER: 08792861 (England and Wales)



ACCOUNTANTS: SMH Reed Smith
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: Santander UK plc
Bridle Road
Bootle
Merseyside
GIR 0AA

OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,713 8,175

CURRENT ASSETS
Inventories 440,706 604,309
Debtors 5 707,754 782,175
Cash at bank and in hand 37,082 27,036
1,185,542 1,413,520
CREDITORS
Amounts falling due within one year 6 960,523 1,191,807
NET CURRENT ASSETS 225,019 221,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,732

229,888

CREDITORS
Amounts falling due after more than one
year

7

(15,833

)

(25,833

)

PROVISIONS FOR LIABILITIES (1,085 ) (1,693 )
NET ASSETS 213,814 202,362

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 213,811 202,359
SHAREHOLDERS' FUNDS 213,814 202,362

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.

OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





J D Gill - Director


OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

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


1. STATUTORY INFORMATION

OK Fleet Disposals 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Office equipment and fixtures - 33% on cost and 20% on cost

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Office
equipment
Plant and and
machinery fixtures Totals
£    £    £   
COST
At 1 December 2022 758 26,786 27,544
Additions - 1,060 1,060
Disposals (758 ) - (758 )
At 30 November 2023 - 27,846 27,846
DEPRECIATION
At 1 December 2022 758 18,611 19,369
Charge for year - 3,522 3,522
Eliminated on disposal (758 ) - (758 )
At 30 November 2023 - 22,133 22,133
NET BOOK VALUE
At 30 November 2023 - 5,713 5,713
At 30 November 2022 - 8,175 8,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 643,828 722,210
Prepayments and other debtors 63,926 59,965
707,754 782,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 691,887 931,882
Taxation and social security 173,009 158,853
Other creditors 85,627 91,072
960,523 1,191,807

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,833 25,833

OK FLEET DISPOSALS LIMITED (REGISTERED NUMBER: 08792861)

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


8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J. Gill.