1 April 2022 false Taxfiler 2023.9.1 07970779business:PrivateLimitedCompanyLtd2022-04-012023-03-31 079707792022-03-31 079707792022-04-012023-03-31 07970779business:AuditExemptWithAccountantsReport2022-04-012023-03-31 07970779business:AbridgedAccounts2022-04-012023-03-31 079707792023-03-31 079707792022-03-31 07970779core:WithinOneYear2023-03-31 07970779core:WithinOneYear2022-03-31 07970779core:AfterOneYear2023-03-31 07970779core:AfterOneYear2022-03-31 07970779core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07970779core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07970779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07970779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07970779core:PreviouslyStatedAmount2023-03-31 07970779core:PreviouslyStatedAmount2022-03-31 07970779business:SmallEntities2022-04-012023-03-31 07970779business:Director12022-04-012023-03-31 07970779countries:EnglandWales2022-04-012023-03-31 07970779business:RegisteredOffice2022-04-012023-03-31 07970779business:Director112022-04-012023-03-31 07970779business:Director112022-03-31 07970779business:Director112023-03-31 079707792021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07970779 (England and Wales)
OOK LTD Abridged accounts for the year ended 31 March 2023
OOK LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,743 
16,325 
Current assets
Inventories
7,500 
7,500 
Debtors
60,179 
69,564 
Cash at bank and in hand
172,778 
129,884 
240,457 
206,948 
Creditors: amounts falling due within one year
(91,841)
(82,873)
Net current assets
148,616 
124,075 
Total assets less current liabilities
170,359 
140,400 
Creditors: amounts falling due after more than one year
(31,820)
(42,208)
Net assets
138,539 
98,192 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
138,439 
98,092 
Shareholders' funds
138,539 
98,192 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 16 May 2023 and were signed on its behalf by
Medet KAYA Director Company Registration No. 07970779
- 2 -
OOK LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
OOK LTD is a private company, limited by shares, registered in England and Wales, registration number 07970779. The registered office is 81 DENMARK HILL, CAMBERWELL, LONDON, SE5 8RS.
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 remained unchanged from the previous year, and also 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:
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
- 3 -
OOK LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
40,106 
Additions
10,191 
At 31 March 2023
50,297 
Depreciation
At 1 April 2022
23,781 
Charge for the year
4,773 
At 31 March 2023
28,554 
Net book value
At 31 March 2023
21,743 
At 31 March 2022
16,325 
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Medet KAYA
Loan to Directors
40,138 
- 
- 
40,138 
40,138 
- 
- 
40,138 
6
Average number of employees
During the year the average number of employees was 24 (2022: 24).
- 4 -