Company Registration No. 02140157 (England and Wales)
O.J. Developments Limited
Unaudited accounts
for the year ended 31 May 2025
O.J. Developments Limited
Unaudited accounts
Contents
O.J. Developments Limited
Company Information
for the year ended 31 May 2025
Directors
Julian Charles Bishop
Julie Bishop
Oliver Bishop
Raymond Bishop
Company Number
02140157 (England and Wales)
Registered Office
Office Suite Oversands
Livermead Hill
Torquay
Devon
TQ2 6QX
O.J. Developments Limited
Statement of financial position
as at 31 May 2025
Tangible assets
557,861
560,257
Inventories
750,005
880,922
Cash at bank and in hand
1,843
586,631
Creditors: amounts falling due within one year
(146,258)
(624,078)
Net current assets
1,081,647
833,797
Total assets less current liabilities
1,639,508
1,394,054
Creditors: amounts falling due after more than one year
(347,559)
(358,207)
Net assets
1,291,949
1,035,847
Called up share capital
100
100
Profit and loss account
1,291,849
1,035,747
Shareholders' funds
1,291,949
1,035,847
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by
Raymond Bishop
Director
Company Registration No. 02140157
O.J. Developments Limited
Notes to the Accounts
for the year ended 31 May 2025
O.J. Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 02140157. The registered office is Office Suite Oversands, Livermead Hill, Torquay, Devon, TQ2 6QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
O.J. Developments Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2024
569,176
151,668
720,844
At 31 May 2025
569,176
151,668
720,844
At 1 June 2024
30,491
130,096
160,587
Charge for the year
-
2,396
2,396
At 31 May 2025
30,491
132,492
162,983
At 31 May 2025
538,685
19,176
557,861
At 31 May 2024
538,685
21,572
560,257
Amounts falling due within one year
Trade debtors
2,500
(9,678)
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,181
20,824
Trade creditors
9,130
4,158
Taxes and social security
37,340
2,139
Other creditors
86,612
596,957
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
347,559
358,207
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).