Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10774136 Ms A Montague Mr D Cowie Mr D Cowie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10774136 2023-05-31 10774136 2024-05-31 10774136 2023-06-01 2024-05-31 10774136 frs-core:CurrentFinancialInstruments 2024-05-31 10774136 frs-core:ComputerEquipment 2024-05-31 10774136 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10774136 frs-core:ComputerEquipment 2023-05-31 10774136 frs-core:MotorVehicles 2024-05-31 10774136 frs-core:MotorVehicles 2023-06-01 2024-05-31 10774136 frs-core:MotorVehicles 2023-05-31 10774136 frs-core:ShareCapital 2024-05-31 10774136 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10774136 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10774136 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10774136 frs-bus:SmallEntities 2023-06-01 2024-05-31 10774136 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10774136 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10774136 frs-bus:Director1 2023-06-01 2024-05-31 10774136 frs-bus:Director2 2023-06-01 2024-05-31 10774136 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10774136 frs-countries:EnglandWales 2023-06-01 2024-05-31 10774136 2022-05-31 10774136 2023-05-31 10774136 2022-06-01 2023-05-31 10774136 frs-core:CurrentFinancialInstruments 2023-05-31 10774136 frs-core:ShareCapital 2023-05-31 10774136 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10774136
O&G Eng Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10774136
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,106 50,542
91,106 50,542
CURRENT ASSETS
Debtors 5 51,642 49,381
Cash at bank and in hand 449,036 416,283
500,678 465,664
Creditors: Amounts Falling Due Within One Year 6 (15,041 ) (6,369 )
NET CURRENT ASSETS (LIABILITIES) 485,637 459,295
TOTAL ASSETS LESS CURRENT LIABILITIES 576,743 509,837
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,238 ) (9,531 )
NET ASSETS 559,505 500,306
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 559,405 500,206
SHAREHOLDERS' FUNDS 559,505 500,306
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Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Cowie
Director
24 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
O&G Eng Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10774136 . The registered office is West Barn, Barrs Lane, Woking, GU21 2JW.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents consultancy work invoiced on a work done basis. Turnover is reduced for estimated rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on cost
Computer Equipment 33% on cost
2.4. Taxation
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income
and Retained Earnings, 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 material 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.
2.5. Pensions
The company contributes to the director's personal pension scheme. Contributions payable are charged
to the profit and loss in the period to which they relate.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 54,305 1,300 55,605
Additions 58,500 1,257 59,757
As at 31 May 2024 112,805 2,557 115,362
Depreciation
As at 1 June 2023 4,457 606 5,063
Provided during the period 18,661 532 19,193
As at 31 May 2024 23,118 1,138 24,256
Net Book Value
As at 31 May 2024 89,687 1,419 91,106
As at 1 June 2023 49,848 694 50,542
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,939 46,226
Other debtors 703 3,155
51,642 49,381
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 8,312 1,669
Taxation and social security 6,729 4,700
15,041 6,369
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
At the balance sheet date, the company owed the directors £6,643 (2023 - £2,663 owed by the director). 
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