Registered number: SC190898 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
Ozone Gliders Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
M J D Cavanagh | ||||||||
REGISTERED OFFICE | ||||||||
West Lothian | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC190898 | ||||||||
ACCOUNTANTS | ||||||||
Hodgson and Company | ||||||||
16 Barnes Green | ||||||||
Livingston | ||||||||
West Lothian | ||||||||
EH54 8PP |
Ozone Gliders Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
Ozone Gliders Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,400,468 | 3,539,109 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 466,320 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 1,058,923 | 467,689 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Ozone Gliders Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1b. Depreciation | ||||||||
Equipment | reducing balance25% |
1c. Research And Development | ||||||||
Expenditure on research and development is written off in the year in which it is incurred. |
1d. |
1e. Foreign Currencies | ||||||||
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result. |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Ozone Gliders Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Land And | ||||||
Buildings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2022 | 19,429 | 23,226 | 42,655 | |||
At 31 December 2022 | 19,429 | 23,226 | 42,655 | |||
Depreciation | ||||||
At 1 January 2022 | 19,429 | 21,409 | 40,838 | |||
For the year | - | 273 | 273 | |||
At 31 December 2022 | 19,429 | 21,682 | 41,111 | |||
Net Book Amounts | ||||||
At 31 December 2022 | 1,544 | |||||
At 31 December 2021 | 1,817 | |||||
4. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 629,219 | 1,660,295 | ||||||
Other debtors | 211,399 | - | ||||||
840,618 | 1,660,295 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Corporation tax | 228,360 | 85,354 | ||||||
VAT | 6,722 | 9,106 | ||||||
Trade creditors | 286,282 | 70,490 | ||||||
Other creditors | 326,726 | 108,360 | ||||||
Accruals | 1,494,510 | 2,799,479 | ||||||
2,342,600 | 3,072,789 | |||||||
Ozone Gliders Ltd | ||||||||
6. PROVISIONS FOR LIABILITIES | 2022 | 2021 | ||||||
£ | £ | |||||||
Deferred taxation | 386 | 345 | ||||||
386 | 345 | |||||||
7. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
3 | 3 | |||||||
103 | 103 | |||||||