Company Registration No. 12680979 (England and Wales)
Oscar Clark Co Ltd
Unaudited accounts
for the year ended 30 June 2024
Oscar Clark Co Ltd
Unaudited accounts
Contents
Oscar Clark Co Ltd
Company Information
for the year ended 30 June 2024
Director
James Benjamin Heale
Company Number
12680979 (England and Wales)
Registered Office
Homebarn
Lake
Tawstock
Barnstaple
EX31 3HT
Accountants
R O Walters
48 Water Park Road
Bideford
EX39 3RN
Oscar Clark Co Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
7,800
9,100
Tangible assets
16,919
29,476
Cash at bank and in hand
-
7,010
Creditors: amounts falling due within one year
(22,158)
(36,944)
Net current assets/(liabilities)
66
(23,098)
Total assets less current liabilities
24,785
15,478
Creditors: amounts falling due after more than one year
(21,293)
(8,355)
Provisions for liabilities
Deferred tax
(3,215)
(5,600)
Called up share capital
1
1
Profit and loss account
276
1,522
Shareholders' funds
277
1,523
For the year ending 30 June 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 17 March 2025 and were signed on its behalf by
James Benjamin Heale
Director
Company Registration No. 12680979
Oscar Clark Co Ltd
Notes to the Accounts
for the year ended 30 June 2024
Oscar Clark Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 12680979. The registered office is Homebarn , Lake, Tawstock, Barnstaple, EX31 3HT.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Plant & machinery
12.5% Straight line
Motor vehicles
16.7% Straight line
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
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.
Oscar Clark Co Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
13,896
30,812
44,708
Disposals
-
(18,400)
(18,400)
At 30 June 2024
14,414
12,412
26,826
At 1 July 2023
3,961
11,271
15,232
Charge for the year
1,808
2,069
3,877
On disposals
-
(9,202)
(9,202)
At 30 June 2024
5,769
4,138
9,907
At 30 June 2024
8,645
8,274
16,919
At 30 June 2023
9,935
19,541
29,476
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
8,274
10,343
Amounts falling due within one year
Oscar Clark Co Ltd
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,175
-
Obligations under finance leases and hire purchase contracts
2,279
2,279
Trade creditors
4,157
7,057
Taxes and social security
7,202
8,913
Other creditors
1,049
1,049
Loans from directors
-
12,427
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,077
8,355
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest Free Loan
-
30,780
15,716
15,064
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).