Registered number
10287122
Ovation Commercial Services Limited
Filleted Accounts
31 January 2025
Ovation Commercial Services Limited
Registered number: 10287122
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 2,530 -
Tangible assets 4 27,567 22,350
30,097 22,350
Current assets
Stocks 16,930 12,667
Debtors 5 901,023 211,269
Cash at bank and in hand 8,980 120,093
926,933 344,029
Creditors: amounts falling due within one year 6 (651,276) (88,857)
Net current assets 275,657 255,172
Total assets less current liabilities 305,754 277,522
Creditors: amounts falling due after more than one year 7 (24,570) (30,185)
Provisions for liabilities (7,125) (8,366)
Net assets 274,059 238,971
Capital and reserves
Called up share capital 10 10
Profit and loss account 274,049 238,961
Shareholders' funds 274,059 238,971
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.
Simon Tappenden
Director
Approved by the board on 5 October 2025
Ovation Commercial Services Limited
Notes to the Accounts
for the year ended 31 January 2025
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 over 3 years
Fixtures, fittings, tools and equipment over 3 years
Motor vehicles over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Leasehold improvements
Cost
Additions 2,573
At 31 January 2025 2,573
Amortisation
Provided during the year 43
At 31 January 2025 43
Net book value
At 31 January 2025 2,530
Leasehold improvements are being written off in equal annual instalments over the lease period of 5 years.
4 Tangible fixed assets
Plant and machinery Computer and office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 9,179 10,484 33,933 53,596
Additions - 3,093 28,099 31,192
Disposals - - (33,933) (33,933)
At 31 January 2025 9,179 13,577 28,099 50,855
Depreciation
At 1 February 2024 8,379 7,786 15,081 31,246
Charge for the year 673 2,548 9,558 12,779
On disposals - - (20,737) (20,737)
At 31 January 2025 9,052 10,334 3,902 23,288
Net book value
At 31 January 2025 127 3,243 24,197 27,567
At 31 January 2024 800 2,698 18,852 22,350
5 Debtors 2025 2024
£ £
Trade debtors 865,015 23,430
Directors loan accounts 346 -
Other debtors 35,662 187,839
901,023 211,269
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 329,388 78,903
Taxation and social security costs 92,834 3,502
Directors loan accounts - 10
Other creditors 224,054 1,442
651,276 88,857
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 24,570 30,185
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Robert Mantle
Loan 65 281 - 346
65 281 - 346
9 Related party transactions
The amount due from Ovation Outdoor Limited at 31 January 2025 was £4,886 (2024: £176,972) and is included in other debtors. Other debtors at 31 January 2025 also included £6,289 owed by Ovation Outdoor GmbH, a company in which the director S Tappenden has a material interest (2024: £5,089)
10 Controlling party
The company is controlled by Simon Tappenden by virtue of his majority shareholding.
11 Other information
Ovation Commercial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Westhorp
Greatworth
Banbury
Oxon
OX17 2ED
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