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REGISTERED NUMBER: 13135840 (England and Wales)



















OGREEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






OGREEN LIMITED (REGISTERED NUMBER: 13135840)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


OGREEN LIMITED (REGISTERED NUMBER: 13135840)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,677 8,007
Investments 5 42,873 -
54,550 8,007

CURRENT ASSETS
Debtors 6 66,285 22,194
Cash at bank 89,383 142,576
155,668 164,770
CREDITORS
Amounts falling due within one year 7 29,988 35,888
NET CURRENT ASSETS 125,680 128,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,230

136,889

PROVISIONS FOR LIABILITIES 2,219 1,521
NET ASSETS 178,011 135,368

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 12,479 -
Retained earnings 165,432 135,268
SHAREHOLDERS' FUNDS 178,011 135,368

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

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

The director acknowledges his 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.

OGREEN LIMITED (REGISTERED NUMBER: 13135840)

BALANCE SHEET - continued
31 JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Mr O B Green - Director


OGREEN LIMITED (REGISTERED NUMBER: 13135840)

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

1. STATUTORY INFORMATION

Ogreen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13135840

Registered office: Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

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


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 as modified by the revaluation of certain assets.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from the provision of graphic design services and is recognised by reference to the stage of completion. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

OGREEN LIMITED (REGISTERED NUMBER: 13135840)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 5,120 657 4,414 10,191
Additions 5,579 - 2,750 8,329
At 31 January 2024 10,699 657 7,164 18,520
DEPRECIATION
At 1 February 2023 619 65 1,500 2,184
Charge for year 2,288 164 2,207 4,659
At 31 January 2024 2,907 229 3,707 6,843
NET BOOK VALUE
At 31 January 2024 7,792 428 3,457 11,677
At 31 January 2023 4,501 592 2,914 8,007

OGREEN LIMITED (REGISTERED NUMBER: 13135840)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 30,394
Revaluations 12,479
At 31 January 2024 42,873
NET BOOK VALUE
At 31 January 2024 42,873

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Valuation in 2024 12,479
Cost 30,394
42,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,619 21,940
Other debtors 38,666 254
66,285 22,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 674 (2 )
Taxation and social security 29,314 35,867
Other creditors - 23
29,988 35,888

8. RESERVES
Fair
value
reserve
£   
Fair value movements 12,479

At 31 January 2024 12,479

OGREEN LIMITED (REGISTERED NUMBER: 13135840)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr O B Green
Balance outstanding at start of year (22 ) (16,892 )
Amounts advanced 81,319 58,370
Amounts repaid (42,885 ) (41,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,412 (22 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the director owed the company £38,412 (2023: £22 due from the company).