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REGISTERED NUMBER: 09582219 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OOZNEST LIMITED

OOZNEST LIMITED (REGISTERED NUMBER: 09582219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OOZNEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R Lock
Miss L Francis





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT





REGISTERED NUMBER: 09582219 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 437,853 331,246

CURRENT ASSETS
Stocks 6 547,262 727,277
Debtors 7 42,378 23,877
Cash at bank 302,900 333,207
892,540 1,084,361
CREDITORS
Amounts falling due within one year 8 344,283 359,360
NET CURRENT ASSETS 548,257 725,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,110

1,056,247

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 986,010 1,056,147
SHAREHOLDERS' FUNDS 986,110 1,056,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





R Lock - Director


OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Ooznest 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.

The functional and presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover is recognised when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover represents amounts receivable for the provision of the company's principal activity wholly undertaken in the United Kingdom, revenue is recognised at the date the goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed assets begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the statement of comprehensive income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 187,849 175,350 58,965
Additions 15,316 33,510 141,222
Disposals - (17,089 ) -
At 31 May 2024 203,165 191,771 200,187
DEPRECIATION
At 1 June 2023 61,290 79,108 22,497
Charge for year 20,169 26,731 31,195
Eliminated on disposal - (655 ) -
At 31 May 2024 81,459 105,184 53,692
NET BOOK VALUE
At 31 May 2024 121,706 86,587 146,495
At 31 May 2023 126,559 96,242 36,468

OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 2,099 86,304 510,567
Additions - 27,371 217,419
Disposals - (5,608 ) (22,697 )
At 31 May 2024 2,099 108,067 705,289
DEPRECIATION
At 1 June 2023 1,653 14,773 179,321
Charge for year 111 10,911 89,117
Eliminated on disposal - (347 ) (1,002 )
At 31 May 2024 1,764 25,337 267,436
NET BOOK VALUE
At 31 May 2024 335 82,730 437,853
At 31 May 2023 446 71,531 331,246

6. STOCKS
2024 2023
£    £   
Stocks 547,262 727,277

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,018 15,714
Other debtors 9,360 8,163
42,378 23,877

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,379 92,592
Amounts owed to group undertakings 207,762 1,053
Taxation and social security 59,102 222,310
Other creditors 40,040 43,405
344,283 359,360

OOZNEST LIMITED (REGISTERED NUMBER: 09582219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Called up share capital - represents the nominal value of shares that have been issued.

Retained earnings - includes all current retained profits and losses.

10. RELATED PARTY DISCLOSURES

At the year end Ooznest Limited owed £207,762 (2023: £1,053) to the holding company Ooznest Holdings Limited.