Company Registration No. 04685497 (England and Wales)
OIS REMOVALS LIMITED
Unaudited accounts
for the year ended 31 March 2023
OIS REMOVALS LIMITED
Unaudited accounts
Contents
OIS REMOVALS LIMITED
Company Information
for the year ended 31 March 2023
Company Number
04685497 (England and Wales)
Registered Office
29 FAIRWAY
CARSHALTON BEECHES
SURREY
SM5 4HR
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
OIS REMOVALS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
2,549,378
2,582,893
Cash at bank and in hand
122,681
7,609
Creditors: amounts falling due within one year
(171,549)
(159,858)
Net current liabilities
(3,451)
(127,243)
Total assets less current liabilities
2,545,927
2,455,650
Creditors: amounts falling due after more than one year
(26,018)
(45,289)
Net assets
2,519,909
2,410,361
Called up share capital
2
2
Revaluation reserve
1,656,128
1,656,128
Profit and loss account
863,779
754,231
Shareholders' funds
2,519,909
2,410,361
For the year ending 31 March 2023 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 24 November 2023 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 2023
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 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
2,500,000
51,230
137,817
2,689,047
At 31 March 2023
2,500,000
51,230
137,817
2,689,047
At 1 April 2022
-
42,405
63,749
106,154
Charge for the year
-
8,825
24,690
33,515
At 31 March 2023
-
51,230
88,439
139,669
At 31 March 2023
2,500,000
-
49,378
2,549,378
At 31 March 2022
2,500,000
8,825
74,068
2,582,893
Carrying amount of land and buildings on cost basis
813,872
813,872
The Director of the company, Mr Oisin Hoare, has provided an informal valuation of the warehouse as being £2,500,000.
Amounts falling due within one year
Trade debtors
37,696
20,027
Accrued income and prepayments
7,721
4,979
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,635
-
Trade creditors
10,693
32,382
Taxes and social security
82,803
73,024
Loans from directors
21,218
30,896
Deferred income
14,283
12,183
7
Creditors: amounts falling due after more than one year
2023
2022
OIS REMOVALS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
