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REGISTERED NUMBER: 03691349 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

OBERLIN FILTER LIMITED

OBERLIN FILTER LIMITED (REGISTERED NUMBER: 03691349)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


OBERLIN FILTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr A Oberlin
Mr J Ignatowski
Mr M W Johnson





SECRETARY: Mrs G Shevels





REGISTERED OFFICE: 2 Hurworth Road
Aycliffe Business Park
Newton Aycliffe
Co. Durham
DL5 6UD





REGISTERED NUMBER: 03691349 (England and Wales)





AUDITORS: Lyons & Co. Ltd
Statutory Auditor
23 Yarm Road
Stockton on Tees
TS18 3NJ

OBERLIN FILTER LIMITED (REGISTERED NUMBER: 03691349)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406,879 427,822

CURRENT ASSETS
Stocks 506,541 367,958
Debtors 875,153 760,523
Cash at bank and in hand 545,602 322,368
1,927,296 1,450,849
CREDITORS
Amounts falling due within one year 610,000 369,079
NET CURRENT ASSETS 1,317,296 1,081,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,724,175

1,509,592

CREDITORS
Amounts falling due after more than one
year

(101,147

)

(116,287

)

PROVISIONS FOR LIABILITIES (5,500 ) (9,118 )
NET ASSETS 1,617,528 1,384,187

CAPITAL AND RESERVES
Called up share capital 281,510 281,510
Retained earnings 1,336,018 1,102,677
SHAREHOLDERS' FUNDS 1,617,528 1,384,187

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 December 2024 and were signed on its behalf by:




Mr J Ignatowski - Director



Mr A Oberlin - Director


OBERLIN FILTER LIMITED (REGISTERED NUMBER: 03691349)

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

1. STATUTORY INFORMATION

Oberlin Filter 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover in respect of project work is only recognised when the project is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold property - 1.33% on reducing balance
Plant and machinery - 25% on reducing balance
Office equipment - 25% and 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the average cost method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

The exchange rate on the date of purchase is used to value stock purchased in a foreign currency.

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.

OBERLIN FILTER LIMITED (REGISTERED NUMBER: 03691349)

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

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 553,553
Disposals (21,009 )
At 31 August 2024 532,544
DEPRECIATION
At 1 September 2023 125,731
Charge for year 13,147
Eliminated on disposal (13,213 )
At 31 August 2024 125,665
NET BOOK VALUE
At 31 August 2024 406,879
At 31 August 2023 427,822

The property lease term is 988 years commencing on 6 January 2015.

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/8/24 31/8/23
£    £   
Within one year 2,760 5,875
Between one and five years 4,974 17,428
7,734 23,303

OBERLIN FILTER LIMITED (REGISTERED NUMBER: 03691349)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Mortgage 115,567 129,987

The mortgage is secured by a charge over the land and buildings and is at normal commercial rates.There is also a debenture in place giving a floating charge over the assets of the company.

Repayments falling due within one year amount to £14,420 (2023 - £13,700), falling due in two to five years amount to £57,680 (2023 - £58,636) and falling due in more than five years amount to £43,467 (2023 - £71,351).

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Lyons BSc FCA (Senior Statutory Auditor)
for and on behalf of Lyons & Co. Ltd

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Production Service Co Inc, a company registered in the United States of America.