REGISTERED NUMBER: 06522799 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Ock Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr B B Kanas

SECRETARY:

Mr N F Barnes

REGISTERED OFFICE:

45 Ock Street

Abingdon

Oxfordshire

OX14 5AG

REGISTERED NUMBER:

06522799 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

559,886

544,878

559,886

544,878

CURRENT ASSETS

Stocks

10,080

5,556

Debtors

6

68,519

319,145

Cash at bank

97,260

718,051

175,859

1,042,752

CREDITORS

Amounts falling due within one year

7

324,202

267,245

NET CURRENT (LIABILITIES)/ASSETS

(148,343

)

775,507

TOTAL ASSETS LESS CURRENT LIABILITIES

411,543

1,320,385

PROVISIONS FOR LIABILITIES

35,371

30,267

NET ASSETS

376,172

1,290,118

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

376,072

1,290,018

SHAREHOLDERS' FUNDS

376,172

1,290,118

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 her 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 23 December 2025 and were signed by:

Dr B B Kanas - Director

1.	STATUTORY INFORMATION

Ock Street Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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

Tangible fixed assets

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

Plant and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

1,263,756

Disposals

(1,263,756

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

1,263,756

Eliminated on disposal

(1,263,756

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

equipment

fittings

£

£

£

COST

At 1 April 2024

338,183

304,996

114,692

Additions

86,334

50,370

-

Disposals

-

(31,506

)

(15,212

)

At 31 March 2025

424,517

323,860

99,480

DEPRECIATION

At 1 April 2024

-

198,695

99,920

Charge for year

71,889

25,083

2,760

Eliminated on disposal

-

(29,920

)

(14,253

)

At 31 March 2025

71,889

193,858

88,427

NET BOOK VALUE

At 31 March 2025

352,628

130,002

11,053

At 31 March 2024

338,183

106,301

14,772

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

88,718

78,756

925,345

Additions

-

2,396

139,100

Disposals

-

(16,024

)

(62,742

)

At 31 March 2025

88,718

65,128

1,001,703

DEPRECIATION

At 1 April 2024

14,786

67,066

380,467

Charge for year

18,484

2,515

120,731

Eliminated on disposal

-

(15,208

)

(59,381

)

At 31 March 2025

33,270

54,373

441,817

NET BOOK VALUE

At 31 March 2025

55,448

10,755

559,886

At 31 March 2024

73,932

11,690

544,878

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,694

14,088

Other debtors

4,825

305,057

68,519

319,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

158,057

79,622

Taxation and social security

156,485

171,767

Other creditors

9,660

15,856

324,202

267,245

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

35,300

35,300

Between one and five years

74,000

74,000

In more than five years

26,208

44,708

135,508

154,008