Office Update Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04134893

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		7,864		15,205

			7,864		15,205
CURRENT ASSETS
Stocks	6	140,118		127,380
Debtors	7	87,635		76,393
Cash at bank and in hand		55,108		21,376

		282,861		225,149
Creditors: Amounts Falling Due Within One Year	8	(179,125 )		(196,434 )

NET CURRENT ASSETS (LIABILITIES)			103,736		28,715

TOTAL ASSETS LESS CURRENT LIABILITIES			111,600		43,920

NET ASSETS			111,600		43,920

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			111,599		43,919

SHAREHOLDERS' FUNDS			111,600		43,920

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Office Update Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A C Berman

Director

14 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Office Update Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04134893 . The registered office is Unit 8, Barrington Park, Leycroft Road, Leicester, Leicestershire, LE4 1ET.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	25% reducing balance

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 7)

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Office Update Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2024	7,500

As at 28 February 2025	7,500

Amortisation
As at 1 March 2024	7,500

As at 28 February 2025	7,500

Net Book Value
As at 28 February 2025	-

As at 1 March 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 March 2024	24,432	56,180	80,612
Disposals	-	(22,875 )	(22,875 )

As at 28 February 2025	24,432	33,305	57,737

Depreciation
As at 1 March 2024	23,384	42,023	65,407
Provided during the period	1,048	2,622	3,670
Disposals	-	(19,204 )	(19,204 )

As at 28 February 2025	24,432	25,441	49,873

Net Book Value
As at 28 February 2025	-	7,864	7,864

As at 1 March 2024	1,048	14,157	15,205

6. Stocks

	2025	2024
	£	£
Stock	140,118	127,380

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	84,540	64,004
Other debtors	3,095	12,389

	87,635	76,393

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Office Update Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	155,304	135,224
Other creditors	6,337	56,742
Taxation and social security	17,484	4,468

	179,125	196,434

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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