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REGISTERED NUMBER: 13586936 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Oz Group Contracting Ltd

Oz Group Contracting Ltd (Registered number: 13586936)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oz Group Contracting Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr A Taylor
Mr OM Wintle





REGISTERED OFFICE: Office 1
Monkhurst House
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR





REGISTERED NUMBER: 13586936 (England and Wales)





ACCOUNTANTS: Always Accounting Limited
PO Box 242
Heathfied
East Sussex
TN21 1EN

Oz Group Contracting Ltd (Registered number: 13586936)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 622,343 234,255

CURRENT ASSETS
Debtors 5 212,434 155,823
Cash at bank 3,267 32
215,701 155,855
CREDITORS
Amounts falling due within one year 6 334,702 223,344
NET CURRENT LIABILITIES (119,001 ) (67,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,342

166,766

CREDITORS
Amounts falling due after more than one year 7 (392,802 ) (139,295 )

PROVISIONS FOR LIABILITIES 9 (80,191 ) (23,702 )
NET ASSETS 30,349 3,769

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 30,249 3,669
SHAREHOLDERS' FUNDS 30,349 3,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:



Mr OM Wintle - Director



Mr A Taylor - Director


Oz Group Contracting Ltd (Registered number: 13586936)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Oz Group Contracting Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 3 (2023 - 2 ) .

Oz Group Contracting Ltd (Registered number: 13586936)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 250,894 24,250 1,316 276,460
Additions 476,393 53,945 3,633 533,971
Disposals (59,000 ) - - (59,000 )
At 31 August 2024 668,287 78,195 4,949 751,431
DEPRECIATION
At 1 September 2023 31,551 10,609 45 42,205
Charge for year 74,660 16,897 1,226 92,783
Eliminated on disposal (5,900 ) - - (5,900 )
At 31 August 2024 100,311 27,506 1,271 129,088
NET BOOK VALUE
At 31 August 2024 567,976 50,689 3,678 622,343
At 31 August 2023 219,343 13,641 1,271 234,255

5. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 101,895 134,388
Other debtors 62,400 506
Tax 4,711 8,461
VAT 4,030 -
Prepayments and accrued income 39,398 -
212,434 143,355

Amounts falling due after more than one year:
Amounts owed by group undertakings - 12,468

Aggregate amounts 212,434 155,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 8) - 23,958
Hire purchase contracts 164,173 38,885
Trade creditors 18,688 8,590
Social security and other taxes 20,898 7,730
Pension creditor 197 224
VAT - 9,620
Other creditors 11,055 31,435
Directors' current accounts 118,620 99,589
Accrued expenses 1,071 3,313
334,702 223,344

Oz Group Contracting Ltd (Registered number: 13586936)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 392,802 139,295

8. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 23,958

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 80,191 23,702

Deferred
tax
£   
Balance at 1 September 2023 23,702
Provided during year 60,992
Credit to Income Statement during year (4,503 )
Balance at 31 August 2024 80,191

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2023 3,669
Profit for the year 128,814
Dividends (102,234 )
At 31 August 2024 30,249

Oz Group Contracting Ltd (Registered number: 13586936)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr OM Wintle
Balance outstanding at start of year 99,053 22,426
Amounts advanced 30,409 123,827
Amounts repaid (10,906 ) (47,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,556 99,053

Mr A Taylor
Balance outstanding at start of year 536 (3,310 )
Amounts advanced 312 47,505
Amounts repaid (784 ) (43,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64 536

There are no terms attached to these loans.

13. POST BALANCE SHEET EVENTS

On the 28 October 2024 after the year end but before the accounts were approved for filing by the directors, the Company effected a Share for Share exchange with their holding company Oz Group Holdings Limited.