Ockendon Tackle Supplies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11964723 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2022

FOR

OCKENDON TACKLE SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M Beckett

Mrs S L F Beckett

REGISTERED OFFICE:

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

REGISTERED NUMBER:

11964723 (England and Wales)

ACCOUNTANTS:

Sowerbutts and Co Ltd

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

FIXED ASSETS

Tangible assets

4

4,177

368

CURRENT ASSETS

Stocks

213,000

185,000

Debtors

5

2,500

2,500

Cash at bank

92,378

103,813

307,878

291,313

CREDITORS

Amounts falling due within one year

6

187,789

197,435

NET CURRENT ASSETS

120,089

93,878

TOTAL ASSETS LESS CURRENT LIABILITIES

124,266

94,246

PROVISIONS FOR LIABILITIES

7

794

70

NET ASSETS

123,472

94,176

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

123,372

94,076

SHAREHOLDERS' FUNDS

123,472

94,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2022 and were signed on its behalf by:

M Beckett - Director

Mrs S L F Beckett - Director

1.	STATUTORY INFORMATION

Ockendon Tackle Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st May 2021

-

655

655

Additions

5,201

-

5,201

At 30th April 2022

5,201

655

5,856

DEPRECIATION

At 1st May 2021

-

287

287

Charge for year

1,300

92

1,392

At 30th April 2022

1,300

379

1,679

NET BOOK VALUE

At 30th April 2022

3,901

276

4,177

At 30th April 2021

-

368

368

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Other debtors

2,500

2,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Trade creditors

51,698

65,872

Taxation and social security

29,100

32,971

Other creditors

106,991

98,592

187,789

197,435

7.	PROVISIONS FOR LIABILITIES

30/4/22

30/4/21

£

£

Deferred tax

794

70

Deferred

tax

£

Balance at 1st May 2021

70

Accelerated capital allowances

724

Balance at 30th April 2022

794

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/22

30/4/21

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by directors and shareholders, M Beckett and Mrs S L F Beckett, by virtue of them being equal shareholders.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ockendon Tackle Supplies Limited for the year ended 30th April 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ockendon Tackle Supplies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ockendon Tackle Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Ockendon Tackle Supplies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ockendon Tackle Supplies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ockendon Tackle Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ockendon Tackle Supplies Limited. You consider that Ockendon Tackle Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ockendon Tackle Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sowerbutts and Co Ltd

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

Date: .............................................