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REGISTERED NUMBER: 08435048 (England and Wales)

























Financial Statements

for the Year Ended 30 November 2024

for

O&J Electrical (Property) Services Ltd

O&J Electrical (Property) Services Ltd (Registered number: 08435048)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O&J Electrical (Property) Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: O W Smith
Mrs J Smith





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 08435048 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

O&J Electrical (Property) Services Ltd (Registered number: 08435048)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,671 9,115

CURRENT ASSETS
Stocks 1,360 1,000
Debtors 5 61,417 53,218
Cash at bank 52,627 52,990
115,404 107,208
CREDITORS
Amounts falling due within one year 6 46,203 42,446
NET CURRENT ASSETS 69,201 64,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,872

73,877

CREDITORS
Amounts falling due after more than one
year

7

(26,790

)

(12,247

)

PROVISIONS FOR LIABILITIES (7,168 ) (2,279 )
NET ASSETS 69,914 59,351

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 69,514 58,951
SHAREHOLDERS' FUNDS 69,914 59,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

O&J Electrical (Property) Services Ltd (Registered number: 08435048)

Balance Sheet - continued
30 November 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 23 January 2025 and were signed on its behalf by:




O W Smith - Director



Mrs J Smith - Director


O&J Electrical (Property) Services Ltd (Registered number: 08435048)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

O&J Electrical (Property) Services Ltd 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

O&J Electrical (Property) Services Ltd (Registered number: 08435048)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 29,060
Additions 38,805
Disposals (13,381 )
At 30 November 2024 54,484
DEPRECIATION
At 1 December 2023 19,945
Charge for year 11,463
Eliminated on disposal (11,595 )
At 30 November 2024 19,813
NET BOOK VALUE
At 30 November 2024 34,671
At 30 November 2023 9,115

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 26,235
At 30 November 2024 26,235
DEPRECIATION
Charge for year 6,559
At 30 November 2024 6,559
NET BOOK VALUE
At 30 November 2024 19,676

O&J Electrical (Property) Services Ltd (Registered number: 08435048)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 21,702 9,545
Other debtors 39,715 43,673
61,417 53,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 46,203 42,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 26,790 12,247