Registered number
11382277
OTOB LIMITED
Filleted Accounts
30 September 2022
OTOB LIMITED
Registered number: 11382277
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 5,000 5,000
Tangible assets 4 2,008 1,321
7,008 6,321
Current assets
Cash at bank and in hand 4,476 10,943
Creditors: amounts falling due within one year 5 (2,945) (1,732)
Net current assets 1,531 9,211
Total assets less current liabilities 8,539 15,532
Creditors: amounts falling due after more than one year 6 (20,148) (24,387)
Net liabilities (11,609) (8,855)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,610) (8,856)
Shareholder's funds (11,609) (8,855)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jason Singh
Director
Approved by the board on 29 September 2023
OTOB LIMITED
Notes to the Accounts
for the period from 31 October 2021 to 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 31 October 2021 5,000
At 30 September 2022 5,000
Amortisation
At 30 September 2022 -
Net book value
At 30 September 2022 5,000
At 30 October 2021 5,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 October 2021 1,911
Additions 1,128
At 30 September 2022 3,039
Depreciation
At 31 October 2021 590
Charge for the period 441
At 30 September 2022 1,031
Net book value
At 30 September 2022 2,008
At 30 October 2021 1,321
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 2,945 1,732
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 8,610 17,930
Other creditors 11,538 6,457
20,148 24,387
7 Other information
OTOB LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27 Woodlands Lane
Shirley
Solihull
England
B90 2PX
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