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Registered number: 01599935
Ogden Of Harrogate Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
CCF Accountancy Limited
Chartered Certified Accountants & Chartered Tax Advisers
20 Victoria Avenue
Harrogate
HG1 5QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01599935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192,506 219,052
192,506 219,052
CURRENT ASSETS
Stocks 5 1,928,345 1,839,579
Debtors 6 129,795 154,890
Cash at bank and in hand 2,813 2,459
2,060,953 1,996,928
Creditors: Amounts Falling Due Within One Year 7 (930,086 ) (944,385 )
NET CURRENT ASSETS (LIABILITIES) 1,130,867 1,052,543
TOTAL ASSETS LESS CURRENT LIABILITIES 1,323,373 1,271,595
Creditors: Amounts Falling Due After More Than One Year 8 (199,471 ) (219,242 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,828 ) (18,123 )
NET ASSETS 1,098,074 1,034,230
CAPITAL AND RESERVES
Called up share capital 9 10,180 10,180
Profit and Loss Account 1,087,894 1,024,050
SHAREHOLDERS' FUNDS 1,098,074 1,034,230
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Ogden
Director
Mr Ben Ogden
Director
15/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ogden Of Harrogate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01599935 . The registered office is 38 James Street, Harrogate, North Yorkshire, HG1 1RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 4.75% Straight line
Plant & Machinery 10% Reducing balance
Fixtures & Fittings 10% Reducing balance
Computer Equipment 33.33% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 20)
23 20
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 355,611 232,592 158,900 128,852 875,955
Additions - 2,194 - 3,807 6,001
As at 30 April 2024 355,611 234,786 158,900 132,659 881,956
Depreciation
As at 1 May 2023 254,989 162,729 129,316 109,869 656,903
Provided during the period 16,891 6,884 2,826 5,946 32,547
As at 30 April 2024 271,880 169,613 132,142 115,815 689,450
Net Book Value
As at 30 April 2024 83,731 65,173 26,758 16,844 192,506
As at 1 May 2023 100,622 69,863 29,584 18,983 219,052
5. Stocks
2024 2023
£ £
Finished goods 1,928,345 1,839,579
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,336 50,518
Other debtors 85,459 104,372
129,795 154,890
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 220,066 330,134
Bank loans and overdrafts 311,987 307,564
Other creditors 303,316 240,361
Taxation and social security 94,717 66,326
930,086 944,385
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,256 41,860
Other creditors 176,215 177,382
199,471 219,242
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,180 10,180
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Robert Ogden (408 ) 2,493 - - 2,085
The above loan is unsecured, interest free and repayable on demand.
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