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REGISTERED NUMBER: 05141167 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Oratech Solutions Ltd

Oratech Solutions Ltd (Registered number: 05141167)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Oratech Solutions Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Ashok Chandra Panigrahi





SECRETARY: Mrs Neera Tiwari





REGISTERED OFFICE: Bridge House
9 -13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05141167 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Oratech Solutions Ltd (Registered number: 05141167)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,499 4,665

CURRENT ASSETS
Debtors 5 25,667 13,358
Cash at bank and in hand 67,895 81,473
93,562 94,831
CREDITORS
Amounts falling due within one year 6 7,083 5,605
NET CURRENT ASSETS 86,479 89,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,978

93,891

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 89,973 93,886
SHAREHOLDERS' FUNDS 89,978 93,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Oratech Solutions Ltd (Registered number: 05141167)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





Mr Ashok Chandra Panigrahi - Director


Oratech Solutions Ltd (Registered number: 05141167)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Oratech Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 16,649
DEPRECIATION
At 1 April 2022 11,984
Charge for year 1,166
At 31 March 2023 13,150
NET BOOK VALUE
At 31 March 2023 3,499
At 31 March 2022 4,665

Oratech Solutions Ltd (Registered number: 05141167)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 18,684 6,375
Other debtors 6,983 6,983
25,667 13,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 4,570 1,703
Other creditors 2,513 3,902
7,083 5,605

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £5 5 5