Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05513979 2023-08-01 2024-07-31 05513979 2022-08-01 2023-07-31 05513979 2024-07-31 05513979 2023-07-31 05513979 c:Director1 2023-08-01 2024-07-31 05513979 d:Buildings 2023-08-01 2024-07-31 05513979 d:Buildings 2024-07-31 05513979 d:Buildings 2023-07-31 05513979 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05513979 d:PlantMachinery 2023-08-01 2024-07-31 05513979 d:PlantMachinery 2024-07-31 05513979 d:PlantMachinery 2023-07-31 05513979 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05513979 d:MotorVehicles 2023-08-01 2024-07-31 05513979 d:MotorVehicles 2024-07-31 05513979 d:MotorVehicles 2023-07-31 05513979 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05513979 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05513979 d:CurrentFinancialInstruments 2024-07-31 05513979 d:CurrentFinancialInstruments 2023-07-31 05513979 d:Non-currentFinancialInstruments 2024-07-31 05513979 d:Non-currentFinancialInstruments 2023-07-31 05513979 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 05513979 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05513979 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 05513979 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 05513979 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 05513979 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 05513979 d:ShareCapital 2024-07-31 05513979 d:ShareCapital 2023-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2024-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2023-07-31 05513979 c:OrdinaryShareClass1 2023-08-01 2024-07-31 05513979 c:OrdinaryShareClass1 2024-07-31 05513979 c:OrdinaryShareClass1 2023-07-31 05513979 c:FRS102 2023-08-01 2024-07-31 05513979 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05513979 c:FullAccounts 2023-08-01 2024-07-31 05513979 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05513979 2 2023-08-01 2024-07-31 05513979 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05513979










O G W (BUILDERS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
O G W (BUILDERS) LIMITED
REGISTERED NUMBER:05513979

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
113,811
114,211

  
113,811
114,211

Current assets
  

Stocks
 6 
500
1,475

Debtors: amounts falling due within one year
 7 
3,600
3,412

Cash at bank and in hand
 8 
57
1,406

  
4,157
6,293

Creditors: amounts falling due within one year
 9 
(22,769)
(24,507)

Net current liabilities
  
 
 
(18,612)
 
 
(18,214)

Total assets less current liabilities
  
95,199
95,997

Creditors: amounts falling due after more than one year
 10 
(137,733)
(141,423)

  

Net liabilities
  
(42,534)
(45,426)


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
 13 
(42,634)
(45,526)

  
(42,534)
(45,426)


Page 1

 
O G W (BUILDERS) LIMITED
REGISTERED NUMBER:05513979
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2025.




B R Hamer
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

O G W (Builders) Limited, 05513979, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 62 Caegwyn, Llanidloes, Powys, SY18 6DT.
The principal activity of the Company is that of general building.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis and assumed the continued support of the directors. 

Page 3

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future, the resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 August 2023
120,000
9,945
5,000
134,945



At 31 July 2024

120,000
9,945
5,000
134,945



Depreciation


At 1 August 2023
7,200
9,845
3,689
20,734


Charge for the year on owned assets
400
-
-
400



At 31 July 2024

7,600
9,845
3,689
21,134



Net book value



At 31 July 2024
112,400
100
1,311
113,811



At 31 July 2023
112,800
100
1,311
114,211


6.


Stocks

2024
2023
£
£

Raw materials and consumables
500
1,475

500
1,475


Page 7

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
3,600
3,412

3,600
3,412



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
57
1,406

Less: bank overdrafts
(13,259)
(17,119)

(13,202)
(15,713)


Page 8

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
13,259
17,119

Bank loans
2,797
2,496

Trade creditors
2,532
716

Other taxation and social security
1,920
2,102

Accruals and deferred income
2,261
2,074

22,769
24,507


The following liabilities were secured:

2024
2023
£
£



Bank overdrafts
13,259
17,119

Bank loans
2,797
2,496

16,056
19,615

Details of security provided:

The bank overdraft and bank loan are secured upon the assets of the Company. 

Page 9

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
18,105
20,943

Other creditors
119,628
120,480

137,733
141,423


The following liabilities were secured:

2024
2023
£
£



Bank loans
18,105
20,943

18,105
20,943

Details of security provided:

The bank loan is secured upon the assets of the Company. 

Page 10

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,797
2,496


2,797
2,496

Amounts falling due 1-2 years

Bank loans
3,084
3,411


3,084
3,411

Amounts falling due 2-5 years

Bank loans
11,308
9,929


11,308
9,929

Amounts falling due after more than 5 years

Bank loans
3,714
7,603

3,714
7,603

20,903
23,439


Page 11

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 

 
Page 12