REGISTERED NUMBER: 05418176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OFFICE TEST LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S C Flowers

REGISTERED OFFICE:

New Penderel House

283-288 High Holborn

London

WC1V 7HP

REGISTERED NUMBER:

05418176 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

48,805

55,187

48,805

55,187

CURRENT ASSETS

Stocks

6

83,166

71,147

Debtors

7

1,994,122

1,625,512

Cash at bank and in hand

315,206

688,292

2,392,494

2,384,951

CREDITORS

Amounts falling due within one year

8

1,183,402

1,426,131

NET CURRENT ASSETS

1,209,092

958,820

TOTAL ASSETS LESS CURRENT LIABILITIES

1,257,897

1,014,007

CREDITORS

Amounts falling due after more than one year

9

(41,666

)

(166,666

)

PROVISIONS FOR LIABILITIES

12

(12,725

)

(13,338

)

NET ASSETS

1,203,506

834,003

CAPITAL AND RESERVES

Called up share capital

13

1

1

Retained earnings

1,203,505

834,002

SHAREHOLDERS' FUNDS

1,203,506

834,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 November 2025 and were signed by:

S C Flowers - Director

1.	STATUTORY INFORMATION

Office Test Ltd 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 represents net invoiced sales of services, excluding Value Added Tax.

Turnover is recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was amortised over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at costs less any accumulated amortisation and any accumulated impairment losses.

Patents and licences were amortised evenly over their estimated useful life of two years.

Tangible fixed assets

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

Land and buildings - 10% on cost

Plant and machinery etc - 33.33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

Cost is defined as the actual cost of goods to be sold.

Net realisable value is defined as the expected selling price less estimated selling costs.

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 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.

Invoice discount facility

The company uses an invoice discount facility and retains all significant benefits and risks relating to debts. The gross amount of the debts are included within assets and a corresponding liability in respect of proceeds received from the facility are shown within liabilities. The interest and charges are recognised as they accrue and are included in the profit and loss account with other interest charges.

Leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

699

11,158

11,857

AMORTISATION

At 1 April 2024

and 31 March 2025

699

11,158

11,857

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

512,592

Additions

22,954

At 31 March 2025

535,546

DEPRECIATION

At 1 April 2024

457,405

Charge for year

29,336

At 31 March 2025

486,741

NET BOOK VALUE

At 31 March 2025

48,805

At 31 March 2024

55,187

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

83,166

71,147

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,028,314

1,251,470

Other debtors

965,808

374,042

1,994,122

1,625,512

Invoice discounted debts included within trade debtors amount to £743,259 (2024 - £868,743).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

125,000

125,000

Trade creditors

244,951

140,363

Taxation and social security

612,560

614,445

Other creditors

200,891

546,323

1,183,402

1,426,131

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

41,666

166,666

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

135,000

135,000

Between one and five years

16,875

151,875

151,875

286,875

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

166,666

291,666

Invoice discounting

188,348

532,954

355,014

824,620

The bank facilities are secured over the assets of the company.

12.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

12,725

13,338

Deferred

tax

£

Balance at 1 April 2024

13,338

Provided during year

(613

)

Balance at 31 March 2025

12,725

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Director

Balance outstanding at start of year

80,375

133,647

Amounts advanced

938,688

626,728

Amounts repaid

(320,000

)

(680,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

699,063

80,375

Interest is charged on the loan at 2.25% per annum.