REGISTERED NUMBER: 09902572 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

O.C Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Sims

Mrs L Sims

REGISTERED OFFICE:

Concept House

Broom Road

Poole

Dorset

BH12 4NL

REGISTERED NUMBER:

09902572 (England and Wales)

ACCOUNTANTS:

Stephen Penny and Partners Limited

Chartered Certified Accountants

and Business Advisors

898-902 Wimborne Road

Bournemouth

Dorset

BH9 2DW

FIXED ASSETS

Intangible assets

4

44,917

51,917

Tangible assets

5

108,557

118,676

153,474

170,593

CURRENT ASSETS

Debtors

6

316,222

255,170

Cash at bank

579,169

700,722

895,391

955,892

CREDITORS

Amounts falling due within one year

7

303,180

264,385

NET CURRENT ASSETS

592,211

691,507

TOTAL ASSETS LESS CURRENT LIABILITIES

745,685

862,100

CREDITORS

Amounts falling due after more than one year

8

(1,004

)

(7,422

)

PROVISIONS FOR LIABILITIES

(17,106

)

(23,057

)

NET ASSETS

727,575

831,621

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

727,475

831,521

727,575

831,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 September 2025 and were signed on its behalf by:

N Sims - Director

1.	STATUTORY INFORMATION

O.C Projects 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

105,000

AMORTISATION

At 1 January 2024

53,083

Charge for year

7,000

At 31 December 2024

60,083

NET BOOK VALUE

At 31 December 2024

44,917

At 31 December 2023

51,917

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

227,720

Additions

20,454

At 31 December 2024

248,174

DEPRECIATION

At 1 January 2024

109,044

Charge for year

30,573

At 31 December 2024

139,617

NET BOOK VALUE

At 31 December 2024

108,557

At 31 December 2023

118,676

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

99,699

DEPRECIATION

At 1 January 2024

41,548

Charge for year

14,537

At 31 December 2024

56,085

NET BOOK VALUE

At 31 December 2024

43,614

At 31 December 2023

58,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

263,675

145,250

Other debtors

52,547

109,920

316,222

255,170

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

7,936

33,717

Trade creditors

166,765

137,013

Taxation and social security

122,789

87,678

Other creditors

5,690

5,977

303,180

264,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

1,004

7,422

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

8,940

41,139

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

N Sims

Balance outstanding at start of year

58,737

105,987

Amounts advanced

198,295

121,374

Amounts repaid

(229,435

)

(168,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,597

58,737