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Company Registration No. NI722142 (Northern Ireland)
OFE Ltd Unaudited accounts for the period from 7 October 2024 to 31 October 2025
OFE Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OFE Ltd Company Information for the period from 7 October 2024 to 31 October 2025
Director
Catherine Taylor
Company Number
NI722142 (Northern Ireland)
Registered Office
16b The Diamond Londonderry BT48 6HW Northern Ireland
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OFE Ltd Statement of financial position as at 31 October 2025
2025
Notes
£
Fixed assets
Tangible assets
4
40,000
Current assets
Inventories
7,727
Debtors
5
4,727
Cash at bank and in hand
2,762
15,216
Creditors: amounts falling due within one year
6
(11,439)
Net current assets
3,777
Total assets less current liabilities
43,777
Creditors: amounts falling due after more than one year
7
(30,365)
Net assets
13,412
Capital and reserves
Called up share capital
100
Profit and loss account
13,312
Shareholders' funds
13,412
For the period ending 31 October 2025 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 3 July 2026 and were signed on its behalf by
Catherine Taylor Director Company Registration No. NI722142
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OFE Ltd Notes to the Accounts for the period from 7 October 2024 to 31 October 2025
1
Statutory information
OFE Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI722142. The registered office is 16b The Diamond, Londonderry, BT48 6HW, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20
Fixtures & fittings
20
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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OFE Ltd Notes to the Accounts for the period from 7 October 2024 to 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 7 October 2024
-
-
-
Additions
40,000
10,000
50,000
At 31 October 2025
40,000
10,000
50,000
Depreciation
Charge for the period
8,000
2,000
10,000
At 31 October 2025
8,000
2,000
10,000
Net book value
At 31 October 2025
32,000
8,000
40,000
5
Debtors
2025
£
Amounts falling due within one year
Trade debtors
4,727
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
935
Loans from directors
9,544
Accruals
960
11,439
7
Creditors: amounts falling due after more than one year
2025
£
Loans from directors
30,365
8
Average number of employees
During the period the average number of employees was 1.
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