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REGISTERED NUMBER: 06014051 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 November 2024

for

Oven Sheen Ltd

Oven Sheen Ltd (Registered number: 06014051)






Contents of the Financial Statements
for the Year Ended 29 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oven Sheen Ltd

Company Information
for the Year Ended 29 November 2024







DIRECTOR: A G Young





SECRETARY: Ledger Sparks Ltd





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 06014051 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Oven Sheen Ltd (Registered number: 06014051)

Balance Sheet
29 November 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 39,320 40,809

Current assets
Debtors 5 48,729 45,043
Cash at bank 18 8
48,747 45,051
Creditors
Amounts falling due within one year 6 (50,607 ) (43,465 )
Net current (liabilities)/assets (1,860 ) 1,586
Total assets less current liabilities 37,460 42,395

Creditors
Amounts falling due after more than one year 7 (27,822 ) (34,516 )

Provisions for liabilities 9 (7,471 ) (7,754 )
Net assets 2,167 125

Capital and reserves
Called up share capital 2 2
Retained earnings 10 2,165 123
2,167 125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oven Sheen Ltd (Registered number: 06014051)

Balance Sheet - continued
29 November 2024


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 director and authorised for issue on 18 August 2025 and were signed by:





A G Young - Director


Oven Sheen Ltd (Registered number: 06014051)

Notes to the Financial Statements
for the Year Ended 29 November 2024

1. STATUTORY INFORMATION

Oven Sheen 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company was that of oven cleaning.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment15% Reducing Balance
Motor vehicles25% Reducing Balance
Computer Software15% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets an liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Oven Sheen Ltd (Registered number: 06014051)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

2. ACCOUNTING POLICIES - continued

LEASES
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

PENSIONS
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Oven Sheen Ltd (Registered number: 06014051)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 November 2023 20,510 65,242 - 85,752
Additions 2,949 4,800 750 8,499
Disposals (225 ) - - (225 )
At 29 November 2024 23,234 70,042 750 94,026
DEPRECIATION
At 30 November 2023 8,945 35,998 - 44,943
Charge for year 2,156 7,584 113 9,853
Eliminated on disposal (90 ) - - (90 )
At 29 November 2024 11,011 43,582 113 54,706
NET BOOK VALUE
At 29 November 2024 12,223 26,460 637 39,320
At 29 November 2023 11,565 29,244 - 40,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associated company - 1,092
Other debtors 48,729 43,951
48,729 45,043

The director considers the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,542 13,978
Trade creditors 289 -
Amounts owed to group undertakings 108 -
Taxation and social security 30,873 18,709
Other creditors 4,795 10,778
50,607 43,465

The director considers the carrying amounts of current liabilities approximate to their fair values.

Oven Sheen Ltd (Registered number: 06014051)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,822 30,556
Hire purchase contracts (see note 8) - 3,960
27,822 34,516

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 4,293 8,334

The director considers the carrying amounts of long term liabilities approximate to their fair values.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Between one and five years - 3,960

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,250 8,397
Between one and five years - 3,250
3,250 11,647

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,471 7,754

Deferred
tax
£   
Balance at 30 November 2023 7,754
Provided during year (283 )
Balance at 29 November 2024 7,471

Oven Sheen Ltd (Registered number: 06014051)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,361 (2023 - £8,236).

Contributions totaling £559 (2023 - £480) were payable to fund at the balance sheet date and are included in creditors.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 November 2024 and 29 November 2023:

2024 2023
£    £   
A G Young
Balance outstanding at start of year 26,600 20,777
Amounts advanced 21,130 16,839
Amounts repaid (13,623 ) (11,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,107 26,600

13. RELATED PARTY DISCLOSURES

As at the balance sheet date included in debtors were amounts of £34,107 (2023 - £26,600) due from the director.

As at the balance sheet date, included in creditors is an amount due to Carpet Sheen Ltd of £108 (2023 - £1,092 in debtors) an associate company having common director and shareholders.