Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-313true2023-11-01falseNo description of principal activity3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10437947 2023-11-01 2024-10-31 10437947 2022-11-01 2023-10-31 10437947 2024-10-31 10437947 2023-10-31 10437947 2022-11-01 10437947 c:Director3 2023-11-01 2024-10-31 10437947 d:MotorVehicles 2023-11-01 2024-10-31 10437947 d:MotorVehicles 2024-10-31 10437947 d:MotorVehicles 2023-10-31 10437947 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10437947 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10437947 d:OfficeEquipment 2023-11-01 2024-10-31 10437947 d:OfficeEquipment 2024-10-31 10437947 d:OfficeEquipment 2023-10-31 10437947 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10437947 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10437947 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10437947 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 10437947 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 10437947 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 10437947 d:Goodwill 2024-10-31 10437947 d:Goodwill 2023-10-31 10437947 d:CurrentFinancialInstruments 2024-10-31 10437947 d:CurrentFinancialInstruments 2023-10-31 10437947 d:Non-currentFinancialInstruments 2024-10-31 10437947 d:Non-currentFinancialInstruments 2023-10-31 10437947 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10437947 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10437947 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10437947 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10437947 d:ShareCapital 2024-10-31 10437947 d:ShareCapital 2023-10-31 10437947 d:RetainedEarningsAccumulatedLosses 2024-10-31 10437947 d:RetainedEarningsAccumulatedLosses 2023-10-31 10437947 c:OrdinaryShareClass1 2023-11-01 2024-10-31 10437947 c:OrdinaryShareClass1 2024-10-31 10437947 c:OrdinaryShareClass2 2023-11-01 2024-10-31 10437947 c:OrdinaryShareClass2 2024-10-31 10437947 c:OrdinaryShareClass3 2023-11-01 2024-10-31 10437947 c:OrdinaryShareClass3 2024-10-31 10437947 c:OrdinaryShareClass4 2023-11-01 2024-10-31 10437947 c:OrdinaryShareClass4 2024-10-31 10437947 c:FRS102 2023-11-01 2024-10-31 10437947 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10437947 c:FullAccounts 2023-11-01 2024-10-31 10437947 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10437947 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 10437947 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 10437947 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 10437947 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 10437947 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 10437947 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10437947 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 10437947 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-11-01 2024-10-31 10437947 e:PoundSterling 2023-11-01 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel1 2023-11-01 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel1 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel2 2023-11-01 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel2 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel4 2023-11-01 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel4 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel3 2023-11-01 2024-10-31 10437947 d:EntityControlledByKeyManagementPersonnel3 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10437947









OCG LIGHTING TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
OCG LIGHTING TECHNOLOGY LIMITED
REGISTERED NUMBER: 10437947

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
26,052
38,394

Tangible assets
 5 
30,033
37,588

  
56,085
75,982

Current assets
  

Debtors: amounts falling due within one year
 6 
84,341
283,332

Cash at bank and in hand
 7 
93,808
59,746

  
178,149
343,078

Creditors: amounts falling due within one year
 8 
(323,314)
(474,088)

Net current liabilities
  
 
 
(145,165)
 
 
(131,010)

Total assets less current liabilities
  
(89,080)
(55,028)

Creditors: amounts falling due after more than one year
 9 
(28,946)
(34,330)

Provisions for liabilities
  

Deferred tax
 11 
(7,508)
(9,397)

Net liabilities
  
(125,534)
(98,755)


Capital and reserves
  

Called up share capital 
 12 
800
800

Profit and loss account
  
(126,334)
(99,555)

  
(125,534)
(98,755)


Page 1

 
OCG LIGHTING TECHNOLOGY LIMITED
REGISTERED NUMBER: 10437947
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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.




A Storr
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

OCG Lighting Technology Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, England, UB8 2FX.
The principal activity of the company during the year was that of the manufacture of electric lighting equipment and wholesale of electronic and telecommunications equipment and parts of international business development specialists.

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 have been prepared on a going concern basis although the Company's balance sheet records net liabilities of £125,534 (2023 - £98,755). The directors have received confirmation from its principal related party creditor that they will continue to provide financial support to enable the Company to continue as a going concern for at least one year from the date on which the financial statements are approved. Due to this support the directors consider the going concern basis to be appropriate for the preparation of the financial statements.

 
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.

Page 3

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

 
2.5

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 reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Office equipment
-
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 the Statement of comprehensive income.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 4

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 5

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Development expenditure
Goodwill
Total

£
£
£



Cost


At 1 November 2023
3,420
120,000
123,420



At 31 October 2024

3,420
120,000
123,420



Amortisation


At 1 November 2023
1,026
84,000
85,026


Charge for the year 
342
12,000
12,342



At 31 October 2024

1,368
96,000
97,368



Net book value



At 31 October 2024
2,052
24,000
26,052



At 31 October 2023
2,394
36,000
38,394



Page 6

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 November 2023
51,034
1,841
52,875



At 31 October 2024

51,034
1,841
52,875



Depreciation


At 1 November 2023
14,176
1,111
15,287


Charge for the year on owned assets
-
183
183


Charge for the year on financed assets
7,372
-
7,372



At 31 October 2024

21,548
1,294
22,842



Net book value



At 31 October 2024
29,486
547
30,033



At 31 October 2023
36,858
730
37,588


6.


Debtors

2024
2023
£
£


Trade debtors
83,641
282,632

Other debtors
700
700

84,341
283,332



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
93,808
59,746

93,808
59,746


Page 7

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
188,111
303,325

Amounts owed to related party
115,713
141,760

Corporation tax
546
5,085

Other taxation and social security
12,286
17,893

Obligations under finance lease and hire purchase contracts
5,384
4,696

Other creditors
1,274
1,329

323,314
474,088



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under finance leases and hire purchase contracts
28,946
34,330

28,946
34,330



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,384
4,696

Between 1-5 years
28,946
34,330

34,330
39,026

Page 8

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Deferred taxation




2024
2023


£

£






(Liability)/asset at beginning of year
(9,397)
26,856


Credited/(charged) to the Statement of comprehensive income
1,889
(36,253)



Liability at end of year
(7,508)
(9,397)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(7,508)
(9,397)

(7,508)
(9,397)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



700 Ordinary shares shares of £1 each
700
700
50 Ordinary E shares shares of £1 each
50
50
25 Ordinary F shares shares of £1 each
25
25
25 Ordinary G shares shares of £1 each
25
25

800

800

The ordinary shares have no voting rights or dividend rights but have a priority to capital of £1 per share.
The E, F & G ordinary shares have full voting rights and capital rights after the priority to the ordinary shares. The E, F & G are separate classes for the payment of dividends.


Page 9

 
OCG LIGHTING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Related party transactions

During the year, the company made net sales of £261,535 (2023 - £42,158) to a company with common directors. At the year end, the company owed £195 (2023 - £107,638) to that company.
 
During the year, the company made purchases of £97,760 (2023 - £454,858) from an LLP in which a director is a member. At the year end, the company owed £54,852 (2023 - £69,693) to that LLP.
 
Included within amounts owed to related undertakings is an amount of £115,713 (2023 - £141,760) due to a company under common control. Interest, including previously unbooked interest, amounting to £4,253 (2023 - £14,694) was charged at the rate of 3% on the outstanding balance.
 
Included within other debtors is an amount of £700 (2023 - £700) due from the directors.


14.


Ultimate controlling party

There is no ultimate controlling party.

 
Page 10