Registered number
13144702
O&J Partners Ltd
Filleted Accounts
31 December 2024
O&J Partners Ltd
Registered number: 13144702
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,108 4,416
Current assets
Debtors 4 26,368 107,694
Cash at bank and in hand 286,136 97,328
312,504 205,022
Creditors: amounts falling due within one year 5 (214,843) (116,801)
Net current assets 97,661 88,221
Total assets less current liabilities 100,769 92,637
Creditors: amounts falling due after more than one year 6 1,140,378 980,378
Net assets 1,241,147 1,073,015
Capital and reserves
Called up share capital 120 120
Profit and loss account 1,241,027 1,072,895
Shareholders' funds 1,241,147 1,073,015
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O C Gouldbourne
Director
Approved by the board on 7 March 2025
O&J Partners Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 10,482
Additions 1,749
At 31 December 2024 12,231
Depreciation
At 1 January 2024 6,066
Charge for the year 3,057
At 31 December 2024 9,123
Net book value
At 31 December 2024 3,108
At 31 December 2023 4,416
4 Debtors 2024 2023
£ £
Trade debtors 26,368 107,694
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 132,804 80,415
Other creditors 82,039 36,386
214,843 116,801
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors (1,140,378) (980,378)
7 Other information
O&J Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
76 Park Street
Horsham
West Sussex
RH12 1BX
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