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
OJH Geological Limited
Company Information
for the year ended 30 September 2024
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
OJH Geological Limited
Statement of financial position
as at 30 September 2024
Tangible assets
1,445
1,895
Cash at bank and in hand
152,459
77,851
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
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
OJH Geological Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
OJH Geological Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
At 30 September 2024
3,164
At 30 September 2024
1,719
At 30 September 2024
1,445
At 30 September 2023
1,895
Amounts falling due within one year
Trade debtors
18,500
22,500
Accrued income and prepayments
-
37,346
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,667
6,667
Taxes and social security
41,842
21,547
Loans from directors
1,467
1,748
7
Creditors: amounts falling due after more than one year
2024
2023
OJH Geological Limited
Notes to the Accounts
for the year ended 30 September 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
78
158
Provision at start of year
158
118
(Credited)/charged to the profit and loss account
(80)
40
Provision at end of year
78
158
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).