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Registered number: 06995920
OAC Recycling Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
VICTOR STEWART
OAC Recycling Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Aaron Hope Cohen
Anthony Cohen
REGISTERED OFFICE
The White House
164 Bridge Road
Southampton
Hampshire
SO31 7EH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06995920
ACCOUNTANTS
VICTOR STEWART
OAC Recycling Limited
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
OAC Recycling Limited
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets276101
CURRENT ASSETS
Stock1,0001,000
Debtors423,07224,072
Cash at bank and in hand6,0405,600
30,11230,672
CREDITORS: Amounts falling due within one year516,54822,381
NET CURRENT ASSETS13,5648,291
TOTAL ASSETS LESS CURRENT LIABILITIES13,6408,392
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account13,6398,391
SHAREHOLDERS' FUNDS13,6408,392
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/12/2025 and signed on their behalf by
.............................
Aaron Hope Cohen
Director
OAC Recycling Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/04/20243,0003,000
At 31/03/20253,0003,000
Depreciation
At 01/04/20242,8992,899
For the year2525
At 31/03/20252,9242,924
Net Book Amounts
At 31/03/20257676
At 31/03/2024101101
OAC Recycling Limited
3. STOCK 20252024
££
Stock comprises:
Stock1,0001,000
1,0001,000
4. DEBTORS 20252024
££
Amounts falling due within one year
Amounts due from group companies23,07224,072
23,07224,072
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Corporation tax2,402120
Directors current account13,42621,541
Accruals720720
16,54822,381
6. EMPLOYEES
20252024
No.No.
Average number of employees11
7. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
OAC Recycling Limited
8. RELATED PARTY TRANSACTIONS
The company made loans to the value of £NIL (2024: £NIL) to All Cars Limited during the period.
The company paid rent to All Cars Limited to the value of £2,400 (2024: £2,400). The company provided services to the value of £NIL (2024: £10,000) to All Cars Limited during the period. As at the balance sheet date, £23,072 (2022: £24,072) was outstanding.
All Cars Limited is a company solely owned by Mr A Cohen, who is also its sole director.