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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
Page
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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
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Oscar Clark Co Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,800 
9,100 
Tangible assets
16,919 
29,476 
24,719 
38,576 
Current assets
Inventories
1,000 
1,000 
Debtors
21,224 
5,836 
Cash at bank and in hand
- 
7,010 
22,224 
13,846 
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)
Net assets
277 
1,523 
Capital and reserves
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
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Oscar Clark Co Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
Leased assets
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
Intangible fixed assets
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
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.
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Oscar Clark Co Ltd Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
13,000 
At 30 June 2024
13,000 
Amortisation
At 1 July 2023
3,900 
Charge for the year
1,300 
At 30 June 2024
5,200 
Net book value
At 30 June 2024
7,800 
At 30 June 2023
9,100 
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 
Additions
518 
- 
518 
Disposals
- 
(18,400)
(18,400)
At 30 June 2024
14,414 
12,412 
26,826 
Depreciation
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 
Net book value
At 30 June 2024
8,645 
8,274 
16,919 
At 30 June 2023
9,935 
19,541 
29,476 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
8,274 
10,343 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,160 
5,836 
Other debtors
15,064 
- 
21,224 
5,836 
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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 
- 
VAT
1,871 
2,394 
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 
Accruals
2,425 
2,825 
22,158 
36,944 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,216 
- 
Obligations under finance leases and hire purchase contracts
6,077 
8,355 
21,293 
8,355 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
James Benjamin Heale
Interest Free Loan
- 
30,780 
15,716 
15,064 
- 
30,780 
15,716 
15,064 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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