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Company Registration No. 10840569 (England and Wales)
O.G.I Electrical Limited Unaudited accounts for the year ended 31 December 2024
O.G.I Electrical Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
O.G.I Electrical Limited Company Information for the year ended 31 December 2024
Director
Brett Ogilvie
Company Number
10840569 (England and Wales)
Registered Office
10 New Street Ossett West Yorkshire WF5 8BH England
Accountants
Clear Accountancy Services (Yorkshire) Ltd 10 New Street Ossett West Yorkshire WF5 8BH
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O.G.I Electrical Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
16,824 
19,457 
Current assets
Debtors
5
114,812 
132,193 
Cash at bank and in hand
6,573 
51,966 
121,385 
184,159 
Creditors: amounts falling due within one year
6
(9,728)
(31,228)
Net current assets
111,657 
152,931 
Total assets less current liabilities
128,481 
172,388 
Creditors: amounts falling due after more than one year
7
(2,995)
(9,245)
Net assets
125,486 
163,143 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
125,386 
163,043 
Shareholders' funds
125,486 
163,143 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
Brett Ogilvie Director Company Registration No. 10840569
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O.G.I Electrical Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
O.G.I Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 10840569. The registered office is 10 New Street, Ossett, West Yorkshire, WF5 8BH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
1,135 
27,482 
291 
28,908 
Additions
325 
- 
- 
325 
At 31 December 2024
1,460 
27,482 
291 
29,233 
Depreciation
At 1 January 2024
541 
8,619 
291 
9,451 
Charge for the year
129 
2,829 
- 
2,958 
At 31 December 2024
670 
11,448 
291 
12,409 
Net book value
At 31 December 2024
790 
16,034 
- 
16,824 
At 31 December 2023
594 
18,863 
- 
19,457 
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O.G.I Electrical Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,583 
2,522 
Trade debtors
92,672 
99,935 
Accrued income and prepayments
954 
232 
Other debtors
19,603 
29,504 
114,812 
132,193 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,139 
6,139 
Trade creditors
- 
9,602 
Taxes and social security
3,589 
15,117 
Loans from directors
- 
370 
9,728 
31,228 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,995 
9,245 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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