REGISTERED NUMBER: 11760916 (England and Wales)

Ovolo Building Consultancy Ltd

Financial Statements

for the Year Ended 30 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Wood

Mrs S J Wood

REGISTERED OFFICE:

The Pinnacle

67 Albion Street

Leeds

West Yorkshire

LS1 5AA

REGISTERED NUMBER:

11760916 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

6,160

2,671

CURRENT ASSETS

Debtors

5

45,010

92,762

Cash at bank

96,076

32,267

141,086

125,029

CREDITORS

Amounts falling due within one year

6

37,906

42,243

NET CURRENT ASSETS

103,180

82,786

TOTAL ASSETS LESS CURRENT LIABILITIES

109,340

85,457

PROVISIONS FOR LIABILITIES

1,540

668

NET ASSETS

107,800

84,789

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

107,799

84,788

SHAREHOLDERS' FUNDS

107,800

84,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 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 29 October 2025 and were signed on its behalf by:

Mr M Wood - Director

1.	STATUTORY INFORMATION

Ovolo Building Consultancy Ltd is a private limited 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. The company's principal place of business is The Plex, 15 Margaret Street, Wakefield, WF1 2DQ.

The functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Site Equipment

-

25% on cost

Office equipment

-

25% on cost

Fixed assets are initially recorded at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Site

Office

Equipment

equipment

Totals

£

£

£

COST

At 31 January 2024

10,247

5,639

15,886

Additions

1,601

5,510

7,111

At 30 January 2025

11,848

11,149

22,997

DEPRECIATION

At 31 January 2024

8,947

4,268

13,215

Charge for year

1,611

2,011

3,622

At 30 January 2025

10,558

6,279

16,837

NET BOOK VALUE

At 30 January 2025

1,290

4,870

6,160

At 30 January 2024

1,300

1,371

2,671

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,384

70,299

Director's current account

-

20,245

Tax

423

423

Prepayments and accrued income

8,203

1,795

45,010

92,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,071

-

Tax

17,025

23,559

VAT

17,374

16,632

Other creditors

108

-

Director's current account

227

-

Accruals and deferred income

2,101

2,052

37,906

42,243

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 January 2025 and 30 January 2024:

2025

2024

£

£

Mr M Wood

Balance outstanding at start of year

20,245

28,225

Amounts advanced

36,451

47,682

Amounts repaid

(56,696

)

(55,662

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

20,245