REGISTERED NUMBER: 08343905 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

OGPM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Bushe

REGISTERED OFFICE:

C/O Thompson Taraz Rand

Suite 20, New Cambridge House

Bassingbourn Road

Litlington

Cambridgeshire

SG8 0SS

BUSINESS ADDRESS:

The Courtyard unit 3

Delaynies

Saxon Business Park

Littleport

Cambridgeshire

CB6 1XX

REGISTERED NUMBER:

08343905 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

2,436

2,091

Investments

6

4,000

4,000

6,436

6,091

CURRENT ASSETS

Stocks

528,202

418,718

Debtors

7

397,870

431,668

Cash and cash equivalents

12,419

6,417

938,491

856,803

CREDITORS

Amounts falling due within one year

8

(798,167

)

(667,804

)

NET CURRENT ASSETS

140,324

188,999

TOTAL ASSETS LESS CURRENT LIABILITIES

146,760

195,090

CREDITORS

Amounts falling due after more than one year

9

(89,700

)

(147,422

)

PROVISIONS FOR LIABILITIES

10

(279

)

(462

)

NET ASSETS

56,781

47,206

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

56,780

47,205

SHAREHOLDERS' FUNDS

56,781

47,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

A J Bushe - Director

1.	STATUTORY INFORMATION

OGPM 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of supply chain management services to the oil, mining and water sector, excluding value added tax.

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 machinery

-

33% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 December 2023

19,197

Additions

1,762

At 29 December 2024

20,959

DEPRECIATION

At 30 December 2023

17,106

Charge for year

1,417

At 29 December 2024

18,523

NET BOOK VALUE

At 29 December 2024

2,436

At 29 December 2023

2,091

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 30 December 2023

and 29 December 2024

4,000

NET BOOK VALUE

At 29 December 2024

4,000

At 29 December 2023

4,000

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

109,895

341,176

Other debtors

287,674

58,082

397,569

399,258

Amounts falling due after more than one year:

Other debtors

301

32,410

Aggregate amounts

397,870

431,668

Included in debtors in more than one year is £301 (2023:£32,410) that represents funds held by Barclays Bank PLC as a performance guarantee.This guarantee is valid until 16th March 2024.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

110,061

132,891

Trade creditors

416,142

386,731

Taxation and social security

135,311

103,365

Other creditors

136,653

44,817

798,167

667,804

Included within other creditors is a balance of £ (2023 £25,305): due under a invoice factoring arrangement.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

89,700

147,422

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

279

462

Deferred

tax

£

Balance at 30 December 2023

462

Provided during year

(183

)

Effect of change in tax rate

Balance at 29 December 2024

279

Deferred tax has been recognised in respect of Capital Allowances over depreciation.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary £0.001

0.1p

1

1

12.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had a rolling annual financial commitment amounting to £4,260 relating to the rental of commercial premises from which the company trades and an annual commitment of £4,776 relating to vehicle rental over three years.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2024 and 29 December 2023:

2024

2023

£

£

A J Bushe

Balance outstanding at start of year

-

21,943

Amounts advanced

12,163

57,840

Amounts repaid

-

(79,783

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,163

-

Beneficial loan interest of £219 (2022: £446) has been charged to the financial statements.

14.	RELATED PARTY DISCLOSURES

At the balance sheet date the balance due to the company on a directors loan account amounted to £12,163 (2023 £Nil). This balance included interest charged to the financial statements of £(2023: £219) and is repayable on demand and is disclosed within other debtors.