Registered number: 9828579 | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
OFFICE 28 LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 9828579 | ||||||||
BANKERS | ||||||||
LLOYDS BANK plc | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
OFFICE 28 LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
OFFICE 28 LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
134,207 | 75,371 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 28,943 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 160,791 | 145,291 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
OFFICE 28 LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1g. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Fixtures And Fittings | straight line10% | |||||||
Equipment | straight line10% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Basis Of Accounting FRS 1021 a | ||||||||
The accounts, which are stated in United Kingdom Pounds Sterling, have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1f. Turnover | ||||||||
Turnover represents the invoiced value for the provision of serviced offices and secretarial and administration services, net of value added tax and trade discounts, derived from ordinary activities. |
OFFICE 28 LTD | ||||||||
1g. Basis Of Accounting | ||||||||
The accounts which are stated in United Kingdom Pounds Sterling, have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
2. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2023 | 170,357 | 63,362 | 233,719 | |||
Additions | 1,185 | 3,784 | 4,969 | |||
Disposals | (400) | (1,400) | (1,800) | |||
At 31/07/2024 | 171,142 | 65,746 | 236,888 | |||
Depreciation | ||||||
At 01/08/2023 | 81,303 | 23,620 | 104,923 | |||
Disposals | (400) | (1,400) | (1,800) | |||
For the year | 17,000 | 6,400 | 23,400 | |||
At 31/07/2024 | 97,903 | 28,620 | 126,523 | |||
Net Book Amounts | ||||||
At 31/07/2024 | 110,365 | |||||
At 31/07/2023 | 128,796 | |||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 25,710 | 29,472 | ||||||
Other debtors | 6,173 | 6,172 | ||||||
Elwood Recruitment Services Limited | 52,906 | - | ||||||
Prepayments | 1,340 | 472 | ||||||
86,129 | 36,116 | |||||||
OFFICE 28 LTD | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 13,788 | 1,072 | ||||||
VAT | 8,110 | 1,815 | ||||||
PAYE control | 1,640 | 1,579 | ||||||
Salaries and wages control | 15 | 17 | ||||||
Directors current account | 14,759 | 8,345 | ||||||
Trade creditors | 12,804 | 15,799 | ||||||
Other creditors | 15,967 | 13,376 | ||||||
Accruals | 5,285 | 4,425 | ||||||
72,368 | 46,428 | |||||||
6. EMPLOYEES | ||||||||
2024 | 2023 | |||||||
No. | No. | |||||||
Average number of employees | 2 | |||||||
Key management personnel is restricted to that of the director. | ||||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 11,313 | 12,348 | ||||||
11,313 | 12,348 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
OFFICE 28 LTD | ||||||||
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/07/2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 2,715 | 2,188 | ||||||
Within two to five years | 31,051 | 61,332 | ||||||
10. CONTROLLING PARTY | ||||||||
The company is wholly owned by the director Mr L Elwell. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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12. GENERAL INFORMATION | ||||||||
Office 28 Limited is a private company limited by shares and incorporated in England. Its registered office is 50 Sedgley Road, Penn Common, Wolverhampton, West Midlands, WV4 5LE. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company operates as a provider of serviced offices and secretarial and administration services, all of which is carried out within the United Kingdom. | ||||||||