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REGISTERED NUMBER: 03255481 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

O.A. Barraclough Limited

O.A. Barraclough Limited (Registered number: 03255481)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O.A. Barraclough Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K P Barraclough





REGISTERED OFFICE: The Paddocks
Church End
Sherfield-on-Loddon
Hook
Hampshire
RG27 0JB





REGISTERED NUMBER: 03255481 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

O.A. Barraclough Limited (Registered number: 03255481)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,031 17,210

CURRENT ASSETS
Stocks 10,500 10,500
Debtors 5 28,555 48,395
Cash at bank 1,222 12
40,277 58,907
CREDITORS
Amounts falling due within one year 6 48,090 61,827
NET CURRENT LIABILITIES (7,813 ) (2,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,218

14,290

CREDITORS
Amounts falling due after more than one
year

7

(4,062

)

(10,938

)

PROVISIONS FOR LIABILITIES 9 (2,957 ) (3,270 )
NET ASSETS 199 82

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 99 (18 )
SHAREHOLDERS' FUNDS 199 82

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

O.A. Barraclough Limited (Registered number: 03255481)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





K P Barraclough - Director


O.A. Barraclough Limited (Registered number: 03255481)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

O.A. Barraclough Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the primary creditor is the director of the company and he has confirmed his intention to continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


O.A. Barraclough Limited (Registered number: 03255481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 11,888 70,854 82,742
DEPRECIATION
At 1 January 2024 11,888 53,644 65,532
Charge for year - 2,179 2,179
At 31 December 2024 11,888 55,823 67,711
NET BOOK VALUE
At 31 December 2024 - 15,031 15,031
At 31 December 2023 - 17,210 17,210

The obligations under hire purchase agreements are secured against the motor vehicle to which they relate that has a carrying value of £9,877 (2023: £11,620).

O.A. Barraclough Limited (Registered number: 03255481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 23,595 40,513
Other debtors 4,960 7,882
28,555 48,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 20,378 22,241
Hire purchase contracts (see note 8) 1,876 1,875
Trade creditors 2,701 10,220
Taxation and social security 17,094 19,637
Other creditors 6,041 7,854
48,090 61,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,500 7,500
Hire purchase contracts (see note 8) 1,562 3,438
4,062 10,938

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 1,876 1,875
Between one and five years 1,562 3,438
3,438 5,313

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 2,957 3,270

O.A. Barraclough Limited (Registered number: 03255481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 3,270
Provided during year (313 )
Accelerated capital allowances
Losses utilized
Balance at 31 December 2024 2,957

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
448 A Ordinary 10p 45 45
448 B Ordinary 10p 45 45
104 C Ordinary 10p 10 10
100 100