IRIS Accounts Production v24.3.2.46 11905093 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119050932023-10-31119050932024-10-31119050932023-11-012024-10-31119050932022-10-31119050932022-11-012023-10-31119050932023-10-3111905093ns15:EnglandWales2023-11-012024-10-3111905093ns14:PoundSterling2023-11-012024-10-3111905093ns10:Director12023-11-012024-10-3111905093ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3111905093ns10:SmallEntities2023-11-012024-10-3111905093ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3111905093ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3111905093ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3111905093ns10:FullAccounts2023-11-012024-10-3111905093ns10:RegisteredOffice2023-11-012024-10-3111905093ns5:CurrentFinancialInstruments2024-10-3111905093ns5:CurrentFinancialInstruments2023-10-3111905093ns5:Non-currentFinancialInstruments2024-10-3111905093ns5:Non-currentFinancialInstruments2023-10-3111905093ns5:ShareCapital2024-10-3111905093ns5:ShareCapital2023-10-3111905093ns5:RetainedEarningsAccumulatedLosses2024-10-3111905093ns5:RetainedEarningsAccumulatedLosses2023-10-3111905093ns5:PlantMachinery2023-11-012024-10-3111905093ns5:PlantMachinery2023-10-3111905093ns5:PlantMachinery2024-10-3111905093ns5:PlantMachinery2023-10-3111905093ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3111905093ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3111905093ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3111905093ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3111905093ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111905093ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 11905093 (England and Wales)










OGL (Construction & Developments) Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






OGL (Construction & Developments) Ltd (Registered number: 11905093)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

OGL (Construction & Developments) Ltd

Company Information
for the year ended 31 October 2024







DIRECTOR: T Wood





REGISTERED OFFICE: Steeton Grove
Steeton
Keighley
West Yorkshire
BD20 6TT





REGISTERED NUMBER: 11905093 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

OGL (Construction & Developments) Ltd (Registered number: 11905093)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 263,861 233,218

CURRENT ASSETS
Debtors 5 770,915 699,843
Cash at bank and in hand 822,947 700,747
1,593,862 1,400,590
CREDITORS
Amounts falling due within one year 6 (1,165,307 ) (1,095,084 )
NET CURRENT ASSETS 428,555 305,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,416

538,724

CREDITORS
Amounts falling due after more than one
year

7

(71,439

)

(87,028

)

PROVISIONS FOR LIABILITIES (65,897 ) (58,305 )
NET ASSETS 555,080 393,391

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 554,980 393,291
SHAREHOLDERS' FUNDS 555,080 393,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OGL (Construction & Developments) Ltd (Registered number: 11905093)

Balance Sheet - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





T Wood - Director


OGL (Construction & Developments) Ltd (Registered number: 11905093)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

OGL (Construction & Developments) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company enters into contracts to provide its services. At the year end all contacts that have not been finalised are reviewed and an estimate of the recoverability of these contracts is determined, based on the expected contract value and work completed to date.

OGL (Construction & Developments) Ltd (Registered number: 11905093)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

All tangible fixed assets are at cost less accumulated depreciation. 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.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

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 disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


OGL (Construction & Developments) Ltd (Registered number: 11905093)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 290,853
Additions 114,600
Disposals (21,995 )
At 31 October 2024 383,458
DEPRECIATION
At 1 November 2023 57,635
Charge for year 70,822
Eliminated on disposal (8,860 )
At 31 October 2024 119,597
NET BOOK VALUE
At 31 October 2024 263,861
At 31 October 2023 233,218

OGL (Construction & Developments) Ltd (Registered number: 11905093)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 208,513
Additions 87,432
Disposals (21,995 )
At 31 October 2024 273,950
DEPRECIATION
At 1 November 2023 41,334
Charge for year 44,154
Eliminated on disposal (8,860 )
At 31 October 2024 76,628
NET BOOK VALUE
At 31 October 2024 197,322
At 31 October 2023 167,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 669,163 609,734
Other debtors 101,752 90,109
770,915 699,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,354 10,098
Hire purchase contracts 51,343 40,063
Trade creditors 530,443 854,901
Taxation and social security 225,013 124,972
Other creditors 348,154 65,050
1,165,307 1,095,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 6,161 16,515
Hire purchase contracts 65,278 70,513
71,439 87,028

OGL (Construction & Developments) Ltd (Registered number: 11905093)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

8. RELATED PARTY DISCLOSURES

OGL Real Estate Ltd

A company in which Mr T Wood is both director and shareholder.

Included within debtors at the year end is an amount outstanding of £60,152 (2023 - £59,152) due from OGL Real Estates Ltd. The loan is interest free and repayable on demand.

Onewood Developments Ltd

A company in which Mr T Wood is both director and shareholder.

Included within creditors at the year end is an amount outstanding of £5,229 (2023 - £5,229) due to Onewood Developments Ltd. The balance is interest free and payable on demand.

Included within aged debtors at the year end is an amount outstanding of £9,880 (2023 - £nil) due from Onewood Developments Ltd. The balance is interest free and repayable on demand.

Oakwood Business Park Management Company Ltd

A company in which Mr T Wood is both director and shareholder.

Included within aged debtors at the year end is an amount outstanding of £3,509 (2023 - £nil) due to OGL Construction & Developments Ltd. The balance is interest free and repayable on demand.

9. PENSION COMMITMENTS

The company operates a defined contribution scheme for the benefit of the directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the funds and amounted to £71,966 (2023 - £155,809). Contributions totalling £1,649 (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
OGL (Construction & Developments) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OGL (Construction & Developments) Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of OGL (Construction & Developments) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OGL (Construction & Developments) Ltd and state those matters that we have agreed to state to the director of OGL (Construction & Developments) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OGL (Construction & Developments) Ltd and its director for our work or for this report.

It is your duty to ensure that OGL (Construction & Developments) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OGL (Construction & Developments) Ltd. You consider that OGL (Construction & Developments) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of OGL (Construction & Developments) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


Date: .............................................