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Registration number: 04098012

Oldham Agencies Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Oldham Agencies Limited

(Registration number: 04098012)

Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

8,965

11,953

Current assets

 

Debtors

4

24,094

113,088

Cash at bank and in hand

 

79,889

43,740

 

103,983

156,828

Creditors: Amounts falling due within one year

5

(41,117)

(45,610)

Net current assets

 

62,866

111,218

Total assets less current liabilities

 

71,831

123,171

Provisions for liabilities

(2,241)

(2,988)

Net assets

 

69,590

120,183

Capital and reserves

 

Called up share capital

300

300

Retained earnings

69,290

119,883

Shareholders' funds

 

69,590

120,183

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 14 March 2025 and signed on its behalf by:
 

.........................................

Mr N Oldham

Director

 

Oldham Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

Accounting policies

Oldham Agencies Limited is a private company, limited by shares, domiciled in England and Wales, company number 04098012. The registered office is at Cote House, Cote Lane, Thurgoland, Sheffield, South Yorkshire, S35 7AE, England.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Oldham Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

1

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Oldham Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

3

Tangible assets

Motor vehicles
 £

Total
£

Cost

At 1 November 2023

21,250

21,250

At 31 October 2024

21,250

21,250

Depreciation

At 1 November 2023

9,297

9,297

Charge for the year

2,988

2,988

At 31 October 2024

12,285

12,285

Carrying amount

At 31 October 2024

8,965

8,965

At 31 October 2023

11,953

11,953

 

Oldham Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

4

Debtors

2024
£

2023
£

Trade debtors

73

7,493

Prepayments

350

245

Other debtors

23,671

105,350

 

24,094

113,088

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

65

-

Taxation and social security

27,508

37,795

Accruals and deferred income

2,410

7,740

Other creditors

11,134

75

41,117

45,610