Company Registration No. 04685497 (England and Wales)
OIS REMOVALS LIMITED
Unaudited accounts
for the year ended 31 March 2020
OIS REMOVALS LIMITED
Unaudited accounts
Contents
OIS REMOVALS LIMITED
Company Information
for the year ended 31 March 2020
Company Number
04685497 (England and Wales)
Registered Office
29 FAIRWAY
CARSHALTON BEECHES
SURREY
SM5 4HR
Accountants
Fox Accountancy Limited
144 Hall Lane
Upminster
Essex
RM14 1AT
OIS REMOVALS LIMITED
Statement of financial position
as at 31 March 2020
Tangible assets
1,125,326
1,006,404
Cash at bank and in hand
76,690
33,900
Creditors: amounts falling due within one year
(96,450)
(80,759)
Net current assets/(liabilities)
32,627
(7,205)
Total assets less current liabilities
1,157,953
999,199
Creditors: amounts falling due after more than one year
(142,840)
-
Net assets
1,015,113
999,199
Called up share capital
2
2
Revaluation reserve
412,698
412,698
Profit and loss account
602,413
586,499
Shareholders' funds
1,015,113
999,199
For the year ending 31 March 2020 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 director acknowledges his 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 and authorised for issue on 23 December 2020 and were signed on its behalf by
Oisin Liam Hoare
Director
Company Registration No. 04685497
OIS REMOVALS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
OIS REMOVALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04685497. The registered office is 29 FAIRWAY, CARSHALTON BEECHES, SURREY, SM5 4HR.
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.
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
25% straight line
Motor vehicles
25% straight line
OIS REMOVALS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
1,000,000
53,672
232,022
1,285,694
Additions
93,500
36,779
1,000
131,279
At 31 March 2020
1,093,500
90,451
233,022
1,416,973
At 1 April 2019
-
51,768
227,522
279,290
Charge for the year
-
10,357
2,000
12,357
At 31 March 2020
-
62,125
229,522
291,647
At 31 March 2020
1,093,500
28,326
3,500
1,125,326
At 31 March 2019
1,000,000
1,904
4,500
1,006,404
Carrying amount of land and buildings on cost basis
617,302
617,302
Trade debtors
50,092
38,849
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
18,941
-
Trade creditors
15,001
25,535
Taxes and social security
35,433
39,639
Other creditors
8,172
4,205
Deferred income
2,466
8,181
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 6 (2019: 9).
