2022-08-012023-07-312023-07-31false13199333OIK 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OIK LIMITED

Registered Number
13199333
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

OIK LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

LEECH, Kai

Registered Address

42 High Street
Wanstead
London
E11 2RJ

Registered Number

13199333 (England and Wales)
OIK LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets69,840-
Tangible assets72,249-
12,089-
Current assets
Debtors21,700200
Cash at bank and on hand14,141-
35,841200
Creditors amounts falling due within one year9(27,595)-
Net current assets (liabilities)8,246200
Total assets less current liabilities20,335200
Provisions for liabilities10(427)-
Net assets19,908200
Capital and reserves
Called up share capital200200
Profit and loss account19,708-
Shareholders' funds19,908200
The financial statements were approved and authorised for issue by the Director on 25 September 2023, and are signed on its behalf by:
LEECH, Kai
Director
Registered Company No. 13199333
OIK LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 12 February 2021 and commenced trading on 01 August 2022.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company under review was that of video production activities.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Intangible assets policy
The acquisition goodwill has been recognised at cost less any impairment losses and being amortised over its useful life of 5 years.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
5.Employee information

20232022
Average number of employees during the year10
6.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions12,30012,300
At 31 July 2312,30012,300
Amortisation and impairment
Charge for year2,4602,460
At 31 July 232,4602,460
Net book value
At 31 July 239,8409,840
At 31 July 22--
7.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions3,3733,373
At 31 July 233,3733,373
Depreciation and impairment
Charge for year1,1241,124
At 31 July 231,1241,124
Net book value
At 31 July 232,2492,249
At 31 July 22--
8.Debtors within one year

2023

2022

££
Trade debtors / trade receivables21,600-
Other debtors-200
Prepayments and accrued income100-
Total21,700200
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Amounts owed to related parties10,144-
Taxation and social security16,401-
Accrued liabilities and deferred income1,050-
Total27,595-
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.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)427-
Total427-