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REGISTERED NUMBER: 11307813 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ocal Trading Limited

Ocal Trading Limited (Registered number: 11307813)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ocal Trading Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr K O'Callaghan





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 11307813 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Ocal Trading Limited (Registered number: 11307813)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,239 7,883

CURRENT ASSETS
Stocks 30,000 8,000
Debtors 5 11,214 798
Cash at bank and in hand 18,170 19,326
59,384 28,124
CREDITORS
Amounts falling due within one year 6 62,997 39,335
NET CURRENT LIABILITIES (3,613 ) (11,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,626

(3,328

)

PROVISIONS FOR LIABILITIES 2,895 -
NET ASSETS/(LIABILITIES) 8,731 (3,328 )

CAPITAL AND RESERVES
Called up share capital 100 -
Retained earnings 8,631 (3,328 )
8,731 (3,328 )

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

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

The director acknowledges her 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.

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 director and authorised for issue on 21 January 2025 and were signed by:





Mr K O'Callaghan - Director


Ocal Trading Limited (Registered number: 11307813)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Ocal Trading 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
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

Ocal Trading Limited (Registered number: 11307813)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 11,596 - 11,596
Additions 9,584 500 10,084
At 31 July 2024 21,180 500 21,680
DEPRECIATION
At 1 August 2023 3,713 - 3,713
Charge for year 2,653 75 2,728
At 31 July 2024 6,366 75 6,441
NET BOOK VALUE
At 31 July 2024 14,814 425 15,239
At 31 July 2023 7,883 - 7,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 798 798
Prepayments 10,416 -
11,214 798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 11,418 -
Tax 7,389 -
Social security and other taxes 3,163 955
VAT 4,421 19,098
Other creditors - 1,931
Directors' loan accounts 35,762 16,507
Accrued expenses 844 844
62,997 39,335

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director.