1 October 2023 false No description of principal activity Taxfiler 2024.6 09215653business:PrivateLimitedCompanyLtd2023-10-012024-09-30 092156532023-09-30 092156532023-10-012024-09-30 09215653business:AuditExemptWithAccountantsReport2023-10-012024-09-30 09215653business:FilletedAccounts2023-10-012024-09-30 092156532024-09-30 092156532023-09-30 09215653core:WithinOneYear2024-09-30 09215653core:WithinOneYear2023-09-30 09215653core:AfterOneYear2024-09-30 09215653core:AfterOneYear2023-09-30 09215653core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 09215653core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 09215653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 09215653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 09215653core:PreviouslyStatedAmount2024-09-30 09215653core:PreviouslyStatedAmount2023-09-30 09215653business:SmallEntities2023-10-012024-09-30 09215653business:Director12023-10-012024-09-30 09215653countries:EnglandWales2023-10-012024-09-30 09215653business:RegisteredOffice2023-10-012024-09-30 09215653core:LandBuildings2023-10-012024-09-30 09215653core:PlantMachinery2023-10-012024-09-30 09215653core:MotorVehicles2023-10-012024-09-30 09215653core:FurnitureFittings2023-10-012024-09-30 09215653core:LandBuildings2023-09-30 09215653core:PlantMachinery2023-09-30 09215653core:MotorVehicles2023-09-30 09215653core:FurnitureFittings2023-09-30 09215653core:LandBuildings2024-09-30 09215653core:PlantMachinery2024-09-30 09215653core:MotorVehicles2024-09-30 09215653core:FurnitureFittings2024-09-30 09215653business:OrdinaryShareClass12023-10-012024-09-30 09215653business:OrdinaryShareClass12022-10-012023-09-30 09215653business:Director112023-10-012024-09-30 09215653business:Director112023-09-30 09215653business:Director112024-09-30 09215653business:Director22023-10-012024-09-30 09215653business:Director222023-10-012024-09-30 09215653business:Director222023-09-30 09215653business:Director222024-09-30 092156532022-10-012023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09215653 (England and Wales)
Ongar Developments Ltd Unaudited accounts for the year ended 30 September 2024
Ongar Developments Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,264 
76,565 
Current assets
Inventories
838,166 
855,815 
Debtors
102,216 
12,553 
Cash at bank and in hand
429,679 
53,444 
1,370,061 
921,812 
Creditors: amounts falling due within one year
(417,079)
(113,568)
Net current assets
952,982 
808,244 
Total assets less current liabilities
1,014,246 
884,809 
Creditors: amounts falling due after more than one year
(63,514)
(88,455)
Provisions for liabilities
Deferred tax
(15,343)
(14,548)
Net assets
935,389 
781,806 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
935,289 
781,706 
Shareholders' funds
935,389 
781,806 
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 directors acknowledge their 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 of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
David Molineaux Director Company Registration No. 09215653
- 2 -
Ongar Developments Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Ongar Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09215653. The registered office is 5A LOTEN ROAD, BENFLEET, SS7 5DD, 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 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.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. 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.
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:
Land & buildings
No depreciation is charged
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
- 3 -
Ongar Developments Ltd Notes to the Accounts for the year ended 30 September 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the accounting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
15,000 
433 
101,404 
7,755 
124,592 
Additions
- 
249 
21,500 
- 
21,749 
Disposals
- 
- 
(14,892)
- 
(14,892)
At 30 September 2024
15,000 
682 
108,012 
7,755 
131,449 
Depreciation
At 1 October 2023
- 
324 
40,562 
7,141 
48,027 
Charge for the year
- 
170 
21,603 
385 
22,158 
At 30 September 2024
- 
494 
62,165 
7,526 
70,185 
Net book value
At 30 September 2024
15,000 
188 
45,847 
229 
61,264 
At 30 September 2023
15,000 
109 
60,842 
614 
76,565 
- 4 -
Ongar Developments Ltd Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,216 
12,553 
Amounts falling due after more than one year
Other debtors
85,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
24 
16,028 
Taxes and social security
83,196 
10,523 
Loans from directors
333,607 
86,765 
Accruals
252 
252 
417,079 
113,568 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,505 
27,423 
Obligations under finance leases and hire purchase contracts
47,009 
61,032 
63,514 
88,455 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
David Molineaux
Interest free loans made to the Director
43,383 
123,421 
- 
166,804 
Claire Furber
Interest free loans made to the Director
43,382 
123,421 
- 
166,803 
86,765 
246,842 
- 
333,607 
The amount above in respect of loans from Directors are the net amount overall for the year to 30th September 2024. No interest is charged on these loans by the Directors.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -