Registered number
09604963
Offset Building Services Limited
Filleted Accounts
31 May 2024
Offset Building Services Limited
Registered number: 09604963
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,799 9,065
Current assets
Debtors 4 380 153
Cash at bank and in hand 4,188 93
4,568 246
Creditors: amounts falling due within one year 5 (67,844) (58,930)
Net current liabilities (63,276) (58,684)
Total assets less current liabilities (56,477) (49,619)
Creditors: amounts falling due after more than one year 6 (15,100) (15,100)
Net liabilities (71,577) (64,719)
Capital and reserves
Called up share capital 1 1
Profit and loss account (71,578) (64,720)
Shareholders' funds (71,577) (64,719)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Rathore
Director
Approved by the board on 20 February 2025
Offset Building Services Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Pant & Machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 June 2023 17,063
At 31 May 2024 17,063
Depreciation
At 1 June 2023 7,998
Charge for the year 2,266
At 31 May 2024 10,264
Net book value
At 31 May 2024 6,799
At 31 May 2023 9,065
4 Debtors 2024 2023
£ £
Other debtors 380 153
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 250 250
Trade creditors 616 916
Taxation and social security costs 99 -
Other creditors 66,879 57,764
67,844 58,930
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,100 15,100
7 Related party transactions
Jassamine House Limited topay for £15,100 (2023:15,100). A company in which P Rathore,is director and shareholder.
8 Other information
Offset Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Burch Road
Northfleet
Kent
DA11 9NG
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