Registration number: 02819343

European OGD Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

European OGD Limited

(Registration number: 02819343)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	14,688	20,374
Current assets
Stocks		171,500	179,000
Debtors	5	86,112	99,615
Cash at bank and in hand		67,354	117,279
		324,966	395,894
Creditors: Amounts falling due within one year	6	(696,161)	(726,356)
Net current liabilities		(371,195)	(330,462)
Net liabilities		(356,507)	(310,088)
Capital and reserves
Called up share capital		120,000	120,000
Retained earnings		(476,507)	(430,088)
Shareholders' deficit		(356,507)	(310,088)

For the financial year ending 31 December 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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

......................................... Mr Richard Lee Director

European OGD Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Nortonthorpe Mills
Scissett
Huddersfield
West Yorkshire
HD8 9LA

These financial statements were authorised for issue by the Board on 23 May 2025.

2	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis, despite the company being technically insolvent at 31 December 2024. At the balance sheet date the company had net liabilities of £356,507 (2023 - £310,088). This is on the basis of the continued support of the related party, Oriental Giant Dyes and Chemical Ind. Corp. to whom the company owes £542,989 (2023 - £582,953). On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the related party.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% straight line basis (fully written off)
Motor vehicles	20% straight line basis

3	Staff numbers

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

European OGD Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	30,207	28,429	58,636
Disposals	(28,648)	-	(28,648)
At 31 December 2024	1,559	28,429	29,988
Depreciation
At 1 January 2024	30,207	8,055	38,262
Charge for the year	-	5,686	5,686
Eliminated on disposal	(28,648)	-	(28,648)
At 31 December 2024	1,559	13,741	15,300
Carrying amount
At 31 December 2024	-	14,688	14,688
At 31 December 2023	-	20,374	20,374

5

Debtors

	2024 £	2023 £
Trade debtors	75,261	92,312
Other debtors	10,851	7,303
	86,112	99,615

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	597,982	624,008
Taxation and social security	2,268	2,120
Other creditors	95,911	100,228
	696,161	726,356