2 2 OCW Services Limited 08916815 false 2023-08-29 2024-12-31 2024-12-31 The principal activity of the company is Contract Clay Modelling for Automotive manufacturers Digita Accounts Production Advanced 6.30.9574.0 true 08916815 2023-08-29 2024-12-31 08916815 2024-12-31 08916815 core:RetainedEarningsAccumulatedLosses 2024-12-31 08916815 core:ShareCapital 2024-12-31 08916815 core:CurrentFinancialInstruments 2024-12-31 08916815 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08916815 core:FurnitureFittingsToolsEquipment 2024-12-31 08916815 core:MotorVehicles 2024-12-31 08916815 bus:SmallEntities 2023-08-29 2024-12-31 08916815 bus:AuditExemptWithAccountantsReport 2023-08-29 2024-12-31 08916815 bus:FilletedAccounts 2023-08-29 2024-12-31 08916815 bus:SmallCompaniesRegimeForAccounts 2023-08-29 2024-12-31 08916815 bus:RegisteredOffice 2023-08-29 2024-12-31 08916815 bus:Director1 2023-08-29 2024-12-31 08916815 bus:PrivateLimitedCompanyLtd 2023-08-29 2024-12-31 08916815 core:FurnitureFittingsToolsEquipment 2023-08-29 2024-12-31 08916815 core:MotorVehicles 2023-08-29 2024-12-31 08916815 core:OfficeEquipment 2023-08-29 2024-12-31 08916815 countries:EnglandWales 2023-08-29 2024-12-31 08916815 2023-08-28 08916815 core:FurnitureFittingsToolsEquipment 2023-08-28 08916815 core:MotorVehicles 2023-08-28 08916815 2022-08-29 2023-08-28 08916815 2023-08-28 08916815 core:RetainedEarningsAccumulatedLosses 2023-08-28 08916815 core:ShareCapital 2023-08-28 08916815 core:CurrentFinancialInstruments 2023-08-28 08916815 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-28 08916815 core:FurnitureFittingsToolsEquipment 2023-08-28 08916815 core:MotorVehicles 2023-08-28 xbrli:pure iso4217:GBP

Registration number: 08916815

OCW Services Limited

Unaudited Financial Statements

for the Period from 29 August 2023 to 31 December 2024

 

OCW Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

OCW Services Limited

(Registration number: 08916815)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,733

3,593

Current assets

 

Debtors

5

5,920

8,625

Cash at bank and in hand

 

60,676

30,983

 

66,596

39,608

Creditors: Amounts falling due within one year

6

(19,618)

(6,529)

Net current assets

 

46,978

33,079

Total assets less current liabilities

 

62,711

36,672

Provisions for liabilities

(3,986)

(683)

Net assets

 

58,725

35,989

Capital and reserves

 

Called up share capital

2

2

Retained earnings

58,723

35,987

Shareholders' funds

 

58,725

35,989

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 April 2025 and signed on its behalf by:
 

.........................................
Mr Thomas William Ogen
Director

 

OCW Services Limited

Notes to the Unaudited Financial Statements for the Period from 29 August 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
278 Dimsdale Parade West
Newcastle-Under-Lyme
Staffordshire
ST5 8HP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in relation to the manufacturing of bodies for motor vehicles. Turnover is shown net of sales, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

OCW Services Limited

Notes to the Unaudited Financial Statements for the Period from 29 August 2023 to 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% straight line

Motor vehicles

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

OCW Services Limited

Notes to the Unaudited Financial Statements for the Period from 29 August 2023 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 29 August 2023

4,608

-

4,608

Additions

2,320

15,250

17,570

At 31 December 2024

6,928

15,250

22,178

Depreciation

At 29 August 2023

1,015

-

1,015

Charge for the period

2,380

3,050

5,430

At 31 December 2024

3,395

3,050

6,445

Carrying amount

At 31 December 2024

3,533

12,200

15,733

At 28 August 2023

3,593

-

3,593

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,194

8,625

Other debtors

726

-

 

5,920

8,625

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

17,956

5,325

Other creditors

1,662

1,204

19,618

6,529