Ozpole UK Ltd - Accounts

Ozpole UK Ltd - Accounts

OZPOLE UK LTD - Company Information

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Registered Number: 10657715
England

 

 

 


Abridged Accounts

for the year ended 31 March 2021

for

OZPOLE UK LTD

Ozpole UK Ltd
Contents Page
For the year ended 31 March 2021
 You consider that the company is exempt from an audit for the year ended 31 March 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Sinden Thackeray Partnership
Stirling House
Sunderland Quay, Culpeper Close
ROCHESTER
ME2 4HN
29 November 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 5,717    7,147 
5,717    7,147 
Current assets      
Stocks 5,975    18,100 
Cash at bank and in hand 66,117    35,907 
72,092    54,007 
Creditors: amount falling due within one year (39,720)   (52,804)
Net current assets 32,372    1,203 
 
Total assets less current liabilities 38,089    8,350 
Provisions for liabilities (797)   (1,005)
Net assets 37,292    7,345 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 37,192    7,245 
Shareholder's funds 37,292    7,345 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 29 November 2021 and were signed on its behalf by:


--------------------------------
J G Pyke
Director
2
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.
1.

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 on the going concern basis and 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 33 (2020 : 39).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2020 7,436    5,151    12,587 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2021 7,436    5,151    12,587 
Depreciation
At 01 April 2020 3,156    2,284    5,440 
Charge for year 856    574    1,430 
On disposals -    -    - 
At 31 March 2021 4,012    2,858    6,870 
Net book values
Closing balance as at 31 March 2021 3,424    2,293    5,717 
Opening balance as at 01 April 2020 4,280    2,867    7,147 


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