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Company Registration No. 10957599 (England and Wales)
OJH Geological Limited Unaudited accounts for the year ended 30 September 2024
OJH Geological Limited Unaudited accounts Contents
Page
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OJH Geological Limited Company Information for the year ended 30 September 2024
Director
Owen John Hughes
Secretary
Sarah Hughes
Company Number
10957599 (England and Wales)
Registered Office
Highfield House Fulford Road Stoke-on-Trent Staffordshire ST11 9QT UK
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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OJH Geological Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,445 
1,895 
Current assets
Debtors
18,704 
60,204 
Cash at bank and in hand
152,459 
77,851 
171,163 
138,055 
Creditors: amounts falling due within one year
(50,671)
(30,657)
Net current assets
120,492 
107,398 
Total assets less current liabilities
121,937 
109,293 
Creditors: amounts falling due after more than one year
(10,673)
(18,666)
Provisions for liabilities
Deferred tax
(78)
(158)
Net assets
111,186 
90,469 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,086 
90,369 
Shareholders' funds
111,186 
90,469 
For the year ending 30 September 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 10 February 2025 and were signed on its behalf by
Owen John Hughes Director Company Registration No. 10957599
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OJH Geological Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
OJH Geological Limited is a private company, limited by shares, registered in England and Wales, registration number 10957599. The registered office is Highfield House, Fulford Road, Stoke-on-Trent, Staffordshire, ST11 9QT, UK.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Computer equipment
20% reducing balance method
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.
Pension costs
The company has paid employer contributions to it's employees' pension schemes during the year, for the benefit of its employees. All employees have been included in the scheme. Contributions payable are recognised in the profit and loss account when due.
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OJH Geological Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
3,164 
At 30 September 2024
3,164 
Depreciation
At 1 October 2023
1,269 
Charge for the year
450 
At 30 September 2024
1,719 
Net book value
At 30 September 2024
1,445 
At 30 September 2023
1,895 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
197 
351 
Trade debtors
18,500 
22,500 
Accrued income and prepayments
- 
37,346 
Other debtors
7 
7 
18,704 
60,204 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,667 
6,667 
Trade creditors
- 
75 
Taxes and social security
41,842 
21,547 
Loans from directors
1,467 
1,748 
Accruals
695 
620 
50,671 
30,657 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,673 
18,666 
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OJH Geological Limited Notes to the Accounts for the year ended 30 September 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
78 
158 
2024 
2023 
£ 
£ 
Provision at start of year
158 
118 
(Credited)/charged to the profit and loss account
(80)
40 
Provision at end of year
78 
158 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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