Ozpole UK Ltd - Accounts

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Registered Number: 10657715

England

Abridged Accounts

for the year ended 31 March 2022

for

OZPOLE UK LTD

Ozpole UK Ltd
Contents Page
For the year ended 31 March 2022

Statement of financial position	1
Notes to the financial statements	2

Ozpole UK Ltd
Statement of Financial Position
As at 31 March 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	4,574	5,717
	4,574	5,717
Current assets
Stocks	19,752	5,975
Cash at bank and in hand	138,999	66,117
	158,751	72,092
Creditors: amount falling due within one year	(65,036)	(39,720)
Net current assets	93,715	32,372

Total assets less current liabilities	98,289	38,089
Provisions for liabilities	(580)	(797)
Net assets	97,709	37,292

Capital and reserves
Called up share capital	100	100
Profit and loss account	97,609	37,192
Shareholder's funds	97,709	37,292

For the year ended 31 March 2022 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 financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 13 October 2022 and were signed on its behalf by:

--------------------------------
J G Pyke
Director

Ozpole UK Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

Ozpole UK Ltd is a private company, limited by shares, registered in England, registration number 10657715, registration address 4 Stirling House, Sunderland Quay, Culpeper Close, Rochester, Kent, ME2 4HN

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.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
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:

Plant and Machinery	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.

2.	Average number of employees Average number of employees during the year was 30 (2021 : 33).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£
At 01 April 2021	7,436	5,151	12,587
Additions	-	-	-
Disposals	-	-	-
At 31 March 2022	7,436	5,151	12,587
Depreciation
At 01 April 2021	4,012	2,858	6,870
Charge for year	685	458	1,143
On disposals	-	-	-
At 31 March 2022	4,697	3,316	8,013
Net book values
Closing balance as at 31 March 2022	2,739	1,835	4,574
Opening balance as at 01 April 2021	3,424	2,293	5,717