2023-06-01 06584937 2024-05-31 06584937 2023-06-01 2024-05-31 06584937 2023-05-31 06584937 2022-06-01 2023-05-31 06584937 uk-core:WithinOneYear 2023-05-31 06584937 uk-core:WithinOneYear 2024-05-31 06584937 uk-core:ShareCapital 2024-05-31 06584937 uk-core:ShareCapital 2023-05-31 06584937 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 06584937 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 06584937 uk-bus:Director1 2023-06-01 2024-05-31 06584937 uk-core:NetGoodwill 2023-06-01 2024-05-31 06584937 uk-core:PlantMachinery 2023-06-01 2024-05-31 06584937 uk-core:CommercialMotorVehicles 2023-06-01 2024-05-31 06584937 uk-core:Goodwill 2023-05-31 06584937 uk-core:Goodwill 2024-05-31 06584937 uk-core:CommercialMotorVehicles 2023-05-31 06584937 uk-core:PlantMachinery 2023-05-31 06584937 uk-core:PlantMachinery 2024-05-31 06584937 uk-core:CommercialMotorVehicles 2024-05-31 iso4217:GBP xbrli:pure 06584937 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06584937 uk-bus:FRS102 2023-06-01 2024-05-31 06584937 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 06584937 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
O & H Electrical Limited
Registered Number:06584937
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
O & H Electrical Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06584937
As at 31 May 2024
O & H Electrical Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,699
12,615
3
10,699
12,615
Current assets
Inventories
3,415
4,260
4
Trade and other receivables
28,655
31,967
5
76,608
Cash and cash equivalents
103,767
139,994
108,678
Trade and other payables: amounts falling due within one
year
(25,595)
(25,940)
6
83,083
114,054
Net current assets
Total assets less current liabilities
124,753
95,698
(633)
(633)
Provisions for liabilities
124,120
Net assets
95,065
Capital and reserves
Called up share capital
1
1
Retained earnings
124,119
95,064
124,120
95,065
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Otto Director
These financial statements were approved and authorised for issue by the Board on 05 December 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
O & H Electrical Limited
Notes to the Financial Statements
Statutory Information
O & H Electrical Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06584937.
Registered address:
105 Barton Hill Road
Torquay
Devon
TQ2 8JA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Changes in accounting policies
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 May 2024
O & H Electrical Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2023
60,000
At 31 May 2024
60,000
Amortisation
At 01 June 2023
60,000
At 31 May 2024
60,000
Net book value
At 31 May 2024
-
At 31 May 2023
-
Goodwill has been amortised over 12 years from the orginal cost date.
3. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 June 2023
43,688
37,241
6,447
1,650
1,650
-
Additions
At 31 May 2024
6,447
38,891
45,338
Provision for depreciation and impairment
At 01 June 2023
31,073
25,003
6,070
Charge for year
3,566
3,472
94
At 31 May 2024
34,639
28,475
6,164
At 31 May 2024
Net book value
283
10,416
10,699
At 31 May 2023
377
12,238
12,615
4. Inventories
2023
2024
£
£
Stocks
4,260
3,415
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6
For the year ended 31 May 2024
O & H Electrical Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
31,967
22,955
Other debtors
-
5,700
28,655
31,967
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
15,764
10,943
Other creditors
10,176
14,652
25,940
25,595
7. Related party transactions
The company was under the control of Mr D Otto during this year.
8. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
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