Offspring Installations Limited

Registered number

08828395

Filleted Accounts

31 December 2024

Offspring Installations Limited
Registered number:		08828395
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		93,931			121,565

Current assets
Debtors	4	340,565			323,931
Cash at bank and in hand		58,329			34,697
		398,894			358,628

Creditors: amounts falling due within one year	5	(172,204)			(182,765)

Net current assets			226,690			175,863

Total assets less current liabilities			320,621			297,428

Creditors: amounts falling due after more than one year	6		(5,058)			(15,569)

Provisions for liabilities			(23,482)			(23,238)


Net assets			292,081			258,621

Capital and reserves
Called up share capital			100			100
Profit and loss account			291,981			258,521

Shareholders' funds			292,081			258,621

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Stallwood
Director
Approved by the board on 23 June 2025

Offspring Installations Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance basis
	Motor Vehicles	25% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			12		12


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	125,241		199,985		325,226
	Additions	2,988		-		2,988
	At 31 December 2024	128,229		199,985		328,214

	Depreciation
	At 1 January 2024	84,789		118,872		203,661
	Charge for the year	10,344		20,278		30,622
	At 31 December 2024	95,133		139,150		234,283

	Net book value
	At 31 December 2024	33,096		60,835		93,931
	At 31 December 2023	40,452		81,113		121,565




4	Debtors			2024		2023
£					£

	Trade debtors			240,656		253,660
	Other debtors			99,909		70,271
				340,565		323,931


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			4,013		3,960
	Obligations under finance lease and hire purchase contracts			4,897		7,297
	Trade creditors			27,580		64,617
	Taxation and social security costs			87,378		52,948
	Other creditors			48,336		53,943
				172,204		182,765


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			2,658		6,581
	Obligations under finance lease and hire purchase contracts			2,400		8,988
				5,058		15,569


7	Other information

	Offspring Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2s, Penn Street Works,
	Penn Street,
	Amersham
	Buckinghamshire
	HP7 0FA