OCO Tools Ltd - Accounts

OCO Tools Ltd
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	68,637	76,641
		68,637	76,641
Current assets
Stocks	4	21,270	17,220
Debtors	5	107,499	106,679
Cash at bank and in hand		14,025	24,419
		142,794	148,318
Creditors: amount falling due within one year	6	(188,704)	(169,877)
Net current assets		(45,910)	(21,559)

Total assets less current liabilities		22,727	55,082
Provisions for liabilities	7	(9,927)	(9,927)
Net assets		12,800	45,155

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		12,700	45,055
Shareholders' funds		12,800	45,155

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the board of directors on 08 August 2026 and were signed on its behalf by:

-------------------------------
Benjamin Joseph O'Connor
Director

OCO Tools Ltd
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

OCO Tools Ltd is a private company, limited by shares, registered in England, registration number 12468807, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 March 2025	18,240	118,401	136,641
Additions	14,000	874	14,874
Disposals	-	-	-
At 28 February 2026	32,240	119,275	151,515
Depreciation
At 01 March 2025	13,912	46,088	60,000
Charge for year	4,582	18,296	22,878
On disposals	-	-	-
At 28 February 2026	18,494	64,384	82,878
Net book values
Closing balance as at 28 February 2026	13,746	54,891	68,637
Opening balance as at 01 March 2025	4,328	72,313	76,641

Stocks

	2026 £		2025 £
Stocks	21,270		17,220
	21,270		17,220

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	4,719	2,898
Other Debtors	102,780	103,781
	107,499	106,679

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	4,350	12,290
Corporation Tax	-	4,825
PAYE & Social Security	10,063	384
Directors' Current Accounts	166,003	145,596
VAT	8,288	6,782
	188,704	169,877

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	9,927		9,927
	9,927		9,927

Share Capital

Authorised
50 A Ordinary shares of £1.00 each
50 B Ordinary shares of £1.00 each

Allotted, called up and fully paid	2026 £	2025 £
50 A Ordinary shares of £1.00 each	50	50
50 B Ordinary shares of £1.00 each	50	50
	100	100

Registered Number: 12468807
England
Filleted Accounts

for the year ended 28 February 2026
for
OCO TOOLS LTD