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OFFCOTE LIMITED

Registered Number
10110081
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

OFFCOTE LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

WALMISLEY, Michael Atwood James

Registered Address

11a Broadway
Duffield
Belper
DE56 4BT

Registered Number

10110081 (England and Wales)
OFFCOTE LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3306,289306,289
306,289306,289
Current assets
Cash at bank and on hand3022,755
3022,755
Creditors amounts falling due within one year4(181,556)(192,473)
Net current assets (liabilities)(181,254)(189,718)
Total assets less current liabilities125,035116,571
Creditors amounts falling due after one year5(103,901)(115,307)
Net assets21,1341,264
Capital and reserves
Called up share capital22
Profit and loss account21,1321,262
Shareholders' funds21,1341,264
The financial statements were approved and authorised for issue by the Director on 30 January 2025, and are signed on its behalf by:
WALMISLEY, Michael Atwood James
Director
Registered Company No. 10110081
OFFCOTE LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Commissions and rents receivable are recognised on an accruals basis
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land and buildings - provision not required as residual value is considered to exceed historic cost.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 May 23306,289306,289
At 30 April 24306,289306,289
Net book value
At 30 April 24306,289306,289
At 30 April 23306,289306,289
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables233598
Bank borrowings and overdrafts12,01412,621
Taxation and social security2,290-
Other creditors166,340178,624
Accrued liabilities and deferred income679630
Total181,556192,473
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts103,901115,307
Total103,901115,307
Creditors due after one year consist of £12,014 due between 1 to 2 years, £34,395 due between 2 to 5 years and £57,492 due after more than 5 years. All creditors due after one year are being repaid in instalments.