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REGISTERED NUMBER: 07015115 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2024

for

Oval Park Construction Limited

Oval Park Construction Limited (Registered number: 07015115)

Contents of the Financial Statements
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oval Park Construction Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: Mr P F Weatherup
Mr B O Brock





REGISTERED OFFICE: 7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN





REGISTERED NUMBER: 07015115 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Oval Park Construction Limited (Registered number: 07015115)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 151,452 65,869

CURRENT ASSETS
Stocks 35,000 185,600
Debtors 5 181,721 167,190
Cash at bank 58,346 18,267
275,067 371,057
CREDITORS
Amounts falling due within one year 6 97,597 163,049
NET CURRENT ASSETS 177,470 208,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,922

273,877

CREDITORS
Amounts falling due after more than one year 7 (7,938 ) (22,582 )

PROVISIONS FOR LIABILITIES (28,776 ) (12,515 )
NET ASSETS 292,208 238,780

Oval Park Construction Limited (Registered number: 07015115)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 292,108 238,680
SHAREHOLDERS' FUNDS 292,208 238,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





Mr P F Weatherup - Director


Oval Park Construction Limited (Registered number: 07015115)

Notes to the Financial Statements
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Oval Park Construction Limited 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.

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.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for work completed during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Oval Park Construction Limited (Registered number: 07015115)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

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 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 133,339 39,957 2,432 175,728
Additions 47,779 81,560 - 129,339
At 30 September 2024 181,118 121,517 2,432 305,067
DEPRECIATION
At 1 October 2023 70,361 37,707 1,791 109,859
Charge for year 27,690 15,855 211 43,756
At 30 September 2024 98,051 53,562 2,002 153,615
NET BOOK VALUE
At 30 September 2024 83,067 67,955 430 151,452
At 30 September 2023 62,978 2,250 641 65,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,464 162,482
Other debtors 257 4,708
181,721 167,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,248 10,648
Hire purchase contracts 4,957 8,648
Trade creditors 16,026 55,998
Taxation and social security 6,497 20,561
Other creditors 59,869 67,194
97,597 163,049

Oval Park Construction Limited (Registered number: 07015115)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,538 17,585
Hire purchase contracts 400 4,997
7,938 22,582

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,357 13,645