Offcamber Limited 11851942 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the sale and maintenance of bicycles and other associated goods. Digita Accounts Production Advanced 6.30.9574.0 true 11851942 2024-04-01 2025-03-31 11851942 2025-03-31 11851942 core:RetainedEarningsAccumulatedLosses 2025-03-31 11851942 core:ShareCapital 2025-03-31 11851942 core:CurrentFinancialInstruments 2025-03-31 11851942 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11851942 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11851942 core:FurnitureFittings 2025-03-31 11851942 core:MotorVehicles 2025-03-31 11851942 core:OfficeEquipment 2025-03-31 11851942 core:PlantMachinery 2025-03-31 11851942 bus:SmallEntities 2024-04-01 2025-03-31 11851942 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11851942 bus:FilletedAccounts 2024-04-01 2025-03-31 11851942 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11851942 bus:RegisteredOffice 2024-04-01 2025-03-31 11851942 bus:Director1 2024-04-01 2025-03-31 11851942 bus:Director2 2024-04-01 2025-03-31 11851942 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11851942 bus:Agent1 2024-04-01 2025-03-31 11851942 core:Goodwill 2024-04-01 2025-03-31 11851942 core:FurnitureFittings 2024-04-01 2025-03-31 11851942 core:MotorVehicles 2024-04-01 2025-03-31 11851942 core:OfficeEquipment 2024-04-01 2025-03-31 11851942 core:PlantMachinery 2024-04-01 2025-03-31 11851942 core:Vehicles 2024-04-01 2025-03-31 11851942 countries:EnglandWales 2024-04-01 2025-03-31 11851942 2024-03-31 11851942 core:FurnitureFittings 2024-03-31 11851942 core:MotorVehicles 2024-03-31 11851942 core:OfficeEquipment 2024-03-31 11851942 core:PlantMachinery 2024-03-31 11851942 2023-04-01 2024-03-31 11851942 2024-03-31 11851942 core:RetainedEarningsAccumulatedLosses 2024-03-31 11851942 core:ShareCapital 2024-03-31 11851942 core:CurrentFinancialInstruments 2024-03-31 11851942 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11851942 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11851942 core:FurnitureFittings 2024-03-31 11851942 core:MotorVehicles 2024-03-31 11851942 core:OfficeEquipment 2024-03-31 11851942 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 11851942

Offcamber Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Offcamber Limited

Contents

Company Information | 1
Statement of Directors' Responsibilities | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 10

Offcamber Limited

Company Information

Directors | Mrs T Day Mr J Day

Registered office | 38 Salisbury Street Blandford Forum Dorset DT11 7PR

Accountants | Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Offcamber Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Offcamber Limited

(Registration number: 11851942)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 16,000 | 20,000
Tangible assets | 5 | 25,812 | 32,512
|  | 41,812 | 52,512
Current assets |  |  |
Stocks | 6 | 177,122 | 200,874
Debtors |  | 262 | -
Cash at bank and in hand |  | 247,458 | 188,397
|  | 424,842 | 389,271
Prepayments and accrued income |  | 2,290 | 2,313
Creditors: Amounts falling due within one year |  | (121,574) | (93,298)
Net current assets |  | 305,558 | 298,286
Total assets less current liabilities |  | 347,370 | 350,798
Creditors: Amounts falling due after more than one year |  | (1,277) | -
Provisions for liabilities |  | (3,949) | (5,060)
Accruals and deferred income |  | (30,509) | (13,787)
Net assets |  | 311,635 | 331,951
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 311,535 | 331,851
Shareholders' funds |  | 311,635 | 331,951

For the financial year ending 31 March 2025 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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.

Offcamber Limited

(Registration number: 11851942)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 28 October 2025 and signed on its behalf by:

......................................... Mrs T Day Director
......................................... Mr J Day Director

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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:
38 Salisbury Street
Blandford Forum
Dorset
DT11 7PR
England

These financial statements were authorised for issue by the Board on 28 October 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 abridged 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 abridged 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant & Machinery | 25% reducing balance
Motor vehicles | 25% reducing balance
Fixtures & fittings | 25% reducing balance
Office equipment | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 5).

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 40,000
At 31 March 2025 | 40,000
Amortisation
At 1 April 2024 | 20,000
Amortisation charge | 4,000
At 31 March 2025 | 24,000
Carrying amount
At 31 March 2025 | 16,000
At 31 March 2024 | 20,000

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 4,198 | 35,419 | 878 | 38,237 | 78,732
Additions | - | 3,421 | - | - | 3,421
Disposals | - | (3,707) | - | - | (3,707)
At 31 March 2025 | 4,198 | 35,133 | 878 | 38,237 | 78,446
Depreciation
At 1 April 2024 | 3,202 | 16,531 | 640 | 25,847 | 46,220
Charge for the year | 249 | 5,150 | 60 | 3,098 | 8,557
Eliminated on disposal | - | (2,143) | - | - | (2,143)
At 31 March 2025 | 3,451 | 19,538 | 700 | 28,945 | 52,634
Carrying amount
At 31 March 2025 | 747 | 15,595 | 178 | 9,292 | 25,812
At 31 March 2024 | 996 | 18,888 | 238 | 12,390 | 32,512

Within plant and machinery are assets held on a finance lease with a net book value of £2,993 (2024: £NIL).

Offcamber Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 177,122 | 200,874

7 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £2,980 (2024 - £Nil). These financial commitments were owing to a finance lease.
There were no other financial commitments, guarantees or contingencies entered into on behalf of the directors at the year end.

8 | Related party transactions

Other transactions with directors

During the year rent of £24,000 was paid to the directors (2024: £24,000).