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CH COPY
Company registration number: 11394125
OCRAM DEVELOPMENT LIMITED
Unaudited filleted financial statements
30 June 2024
OCRAM DEVELOPMENT LIMITED
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
OCRAM DEVELOPMENT LIMITED
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Stocks 10,446,450 10,426,670
Debtors 4 12,741 30,201
Cash at bank and in hand 351,543 118,644
__________ _________
10,810,734 10,575,515
Creditors: amounts falling due
within one year 5 ( 7,164,330) ( 2,048,854)
__________ _________
Net current assets 3,646,404 8,526,661
_________ _________
Total assets less current liabilities 3,646,404 8,526,661
Creditors: amounts falling due
after more than one year 6 ( 4,150,000) ( 9,141,000)
_________ _________
Net liabilities ( 503,596) ( 614,339)
_________ _________
Capital and reserves
Called up share capital 101 101
Profit and loss account ( 503,697) ( 614,440)
_________ _________
Shareholders deficit ( 503,596) ( 614,339)
_________ _________
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mrs Shweta Shah
Director
Company registration number: 11394125
OCRAM DEVELOPMENT LIMITED
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 101 ( 275,943) ( 275,842)
Profit/(loss) for the year ( 338,497) ( 338,497)
_______ _______ _______
Total comprehensive income for the year - ( 338,497) ( 338,497)
_______ _______ _______
At 30 June 2023 and 1 July 2023 101 (614,439) (614,338)
Profit/(loss) for the year 110,742 110,742
_______ _______ _______
Total comprehensive income for the year - 110,742 110,742
_______ _______ _______
At 30 June 2024 101 ( 503,697) ( 503,596)
_______ _______ _______
OCRAM DEVELOPMENT LIMITED
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 39a Joel Street, Northwood Hills, Middlesex, HA6 1NZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Debtors 2024 2023
£ £
Trade debtors 8,000 26,143
Other debtors 4,741 4,058
_______ _______
12,741 30,201
_______ _______
5. Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,946,735 -
Trade creditors 42,227 28,995
Social security and other taxes 431,806 393,381
Other creditors 1,743,562 1,626,478
________ _______
7,164,330 2,048,854
________ _______
6. Creditors: amounts falling due after more than one year 2024 2023
£ £
Other creditors 4,150,000 9,141,000
_________ _________
Other creditors represent loans repayable over next two to three years.