REGISTERED NUMBER: 09566466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OFDL BIOMASS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B C Gilbert

S J E Foster

REGISTERED OFFICE:

Wymondley Hall Priory Lane

Little Wymondley

Hitchin

Herts

SG4 7HE

REGISTERED NUMBER:

09566466 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

4

76,989

96,236

CURRENT ASSETS

Stocks

108,882

108,752

Debtors

5

564,549

482,478

Cash at bank

13

8,406

673,444

599,636

CREDITORS

Amounts falling due within one year

6

616,932

544,711

NET CURRENT ASSETS

56,512

54,925

TOTAL ASSETS LESS CURRENT LIABILITIES

133,501

151,161

CREDITORS

Amounts falling due after more than one year

7

(4,152

)

(14,268

)

PROVISIONS FOR LIABILITIES

(13,878

)

(17,370

)

NET ASSETS

115,471

119,523

CAPITAL AND RESERVES

Called up share capital

13

13

Retained earnings

115,458

119,510

115,471

119,523

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 22 September 2025 and were signed on its behalf by:

S J E Foster - Director

1.	STATUTORY INFORMATION

OFDL Biomass 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

342,045

DEPRECIATION

At 1 January 2024

245,809

Charge for year

19,247

At 31 December 2024

265,056

NET BOOK VALUE

At 31 December 2024

76,989

At 31 December 2023

96,236

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

16,571

16,185

Amounts owed by group undertakings

543,202

460,993

Other debtors

4,776

5,300

564,549

482,478

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

15,424

10,000

Trade creditors

6,778

2,589

Amounts owed to group undertakings

79,194

17,685

Taxation and social security

4,589

3,555

Other creditors

510,947

510,882

616,932

544,711

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,152

14,268

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £385,000 (2023: £385,000) to R Morriss, £114,893 (2023: £114,893) to S Foster and £3,989 (2023: £3,989) to B Gilbert, all directors of the company.

At the balance sheet date the company also owed £17,685 (2023: £17,685) to SF Barns and was owed £52,500 (2023: £118,000) by Foster & Ingall and £296,993 (2023: £216,993) by Old Hall Farmyard (Res) Limited, all connected by way of S Foster being a controlling party.

At the balance sheet date the company was owed £126,000 (2023: £126,000) by OFDL Holdings Ltd, the parent company.

During the year S Foster charged the company £2,400 (2023: £2,400) in respect of office rent. During the period the company charged Old Hall Farmyard (Res) Ltd £29,430 (2023: 28,440) in respect of heat provided to tenants.

9.	ULTIMATE CONTROLLING PARTY

The parent company is OFDL Holdings Ltd.

The ultimate controlling party during the year was the directors acting in concert.