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Company Registration No. 8969542 (England and Wales)
Generation O S Ltd Unaudited accounts for the year ended 31 December 2024
Generation O S Ltd Unaudited accounts Contents
Page
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Generation O S Ltd Company Information for the year ended 31 December 2024
Director
Mr O Solarin
Company Number
8969542 (England and Wales)
Accountants
Smeaton & Holmes Ltd 70 Market Street Dalton-in-Furness Cumbria LA15 8AA
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Generation O S Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,623 
36,830 
Current assets
Debtors
14,194 
12,735 
Cash at bank and in hand
21,149 
10,245 
35,343 
22,980 
Creditors: amounts falling due within one year
(55,883)
(40,811)
Net current liabilities
(20,540)
(17,831)
Total assets less current liabilities
7,083 
18,999 
Creditors: amounts falling due after more than one year
(7,083)
(11,785)
Net assets
- 
7,214 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1)
7,213 
Shareholders' funds
- 
7,214 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Mr O Solarin Director Company Registration No. 8969542
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Generation O S Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Generation O S Ltd is a private company, limited by shares, registered in England and Wales, registration number 8969542.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
32,293 
36,955 
329 
69,577 
At 31 December 2024
32,293 
36,955 
329 
69,577 
Depreciation
At 1 January 2024
26,543 
6,056 
148 
32,747 
Charge for the year
1,437 
7,725 
45 
9,207 
At 31 December 2024
27,980 
13,781 
193 
41,954 
Net book value
At 31 December 2024
4,313 
23,174 
136 
27,623 
At 31 December 2023
5,750 
30,899 
181 
36,830 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,194 
12,735 
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Generation O S Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,969 
6,763 
Obligations under finance leases and hire purchase contracts
28,028 
33,063 
Taxes and social security
31,708 
10,984 
Loans from directors
(11,822)
(9,999)
55,883 
40,811 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,083 
11,785 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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