1 June 2023 false Taxfiler 2024.6 11380767business:PrivateLimitedCompanyLtd2023-06-012024-05-31 113807672023-05-31 113807672023-06-012024-05-31 11380767business:AuditExemptWithAccountantsReport2023-06-012024-05-31 11380767business:AbridgedAccounts2023-06-012024-05-31 113807672024-05-31 11380767business:Director12023-06-012024-05-31 11380767business:RegisteredOffice2023-06-012024-05-31 113807672023-05-31 11380767core:WithinOneYear2024-05-31 11380767core:WithinOneYear2023-05-31 11380767core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11380767core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11380767core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11380767core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11380767core:PreviouslyStatedAmount2024-05-31 11380767core:PreviouslyStatedAmount2023-05-31 11380767business:SmallEntities2023-06-012024-05-31 11380767countries:EnglandWales2023-06-012024-05-31 11380767core:FurnitureFittings2023-06-012024-05-31 11380767core:ComputerEquipment2023-06-012024-05-31 11380767core:AcceleratedTaxDepreciationDeferredTax2024-05-31 11380767core:AcceleratedTaxDepreciationDeferredTax2023-05-31 113807672022-05-31 113807672022-06-012023-05-31 11380767business:OrdinaryShareClass12023-06-012024-05-31 11380767business:OrdinaryShareClass12022-06-012023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11380767 (England and Wales)
OFFK Ltd Unaudited accounts for the year ended 31 May 2024
OFFK Ltd Unaudited accounts Contents
Page
- 2 -
OFFK Ltd Company Information for the year ended 31 May 2024
Director
Mr Oliver King
Company Number
11380767 (England and Wales)
Registered Office
2 Higher Town Sampford Peverell Tiverton EX16 7BP England
Accountants
Pinnacle Chartered Accountants & Tax Advisors The Elsie Whiteley Innovation Centre Hopwood Lane Halifax HX1 5ER
- 3 -
OFFK Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,427 
1,524 
Current assets
Debtors
136,303 
- 
Cash at bank and in hand
16,972 
108,981 
153,275 
108,981 
Creditors: amounts falling due within one year
(18,521)
(6,386)
Net current assets
134,754 
102,595 
Total assets less current liabilities
136,181 
104,119 
Provisions for liabilities
Deferred tax
(271)
(290)
Net assets
135,910 
103,829 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
135,909 
103,828 
Shareholders' funds
135,910 
103,829 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 February 2025 and were signed on its behalf by
Mr Oliver King Director Company Registration No. 11380767
- 4 -
OFFK Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
OFFK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11380767. The registered office is 2 Higher Town, Sampford Peverell, Tiverton, EX16 7BP, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
OFFK Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
2,032 
Additions
548 
At 31 May 2024
2,580 
Depreciation
At 1 June 2023
508 
Charge for the year
645 
At 31 May 2024
1,153 
Net book value
At 31 May 2024
1,427 
At 31 May 2023
1,524 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
271 
290 
2024 
2023 
£ 
£ 
Provision at start of year
290 
- 
(Credited)/charged to the profit and loss account
(19)
290 
Provision at end of year
271 
290 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -