O.E.R.S. Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02355898 (England and Wales)

O.E.R.S. Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

R V Ringland

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

02355898 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

11

197

Current assets

Stocks

6,500

6,250

Debtors

5

13,554

11,818

Cash at bank

10,337

13,891

30,391

31,959

Creditors

Amounts falling due within one year

6

40,577

54,532

Net current liabilities

(10,186

)

(22,573

)

Total assets less current liabilities

(10,175

)

(22,376

)

Creditors

Amounts falling due after more than one year

7

11,000

11,000

Net liabilities

(21,175

)

(33,376

)

Capital and reserves

Called up share capital

6

6

Retained earnings

(21,181

)

(33,382

)

Shareholders' funds

(21,175

)

(33,376

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 November 2023 and were signed by:

R V Ringland - Director

1.	Statutory information

O.E.R.S. 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.

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

3.	Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2022

10,025

10,970

5,859

26,854

Disposals

(1,450

)

-

(4,117

)

(5,567

)

At 31 March 2023

8,575

10,970

1,742

21,287

Depreciation

At 1 April 2022

9,828

10,970

5,859

26,657

Charge for year

186

-

-

186

Eliminated on disposal

(1,450

)

-

(4,117

)

(5,567

)

At 31 March 2023

8,564

10,970

1,742

21,276

Net book value

At 31 March 2023

11

-

-

11

At 31 March 2022

197

-

-

197

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2022

10,970

Transfer to ownership

(10,970

)

At 31 March 2023

-

Depreciation

At 1 April 2022

10,970

Transfer to ownership

(10,970

)

At 31 March 2023

-

Net book value

At 31 March 2023

-

At 31 March 2022

-

5.

Debtors: amounts falling due within one year

31.3.23

31.3.22

£

£

Trade debtors

6,726

6,117

Other debtors

6,828

5,701

13,554

11,818

6.

Creditors: amounts falling due within one year

31.3.23

31.3.22

£

£

Hire purchase contracts

-

2,040

Trade creditors

12,309

10,349

Taxation and social security

1,188

3,285

Other creditors

27,080

38,858

40,577

54,532

7.

Creditors: amounts falling due after more than one year

31.3.23

31.3.22

£

£

Other creditors

11,000

11,000