2022-04-01 06852195 2023-03-31 06852195 2022-04-01 2023-03-31 06852195 2022-03-31 06852195 2021-04-01 2022-03-31 06852195 uk-core:WithinOneYear uk-bus:Original 2022-03-31 06852195 uk-core:WithinOneYear uk-bus:Original 2023-03-31 06852195 uk-core:AfterOneYear uk-bus:Original 2022-03-31 06852195 uk-core:AfterOneYear uk-bus:Original 2023-03-31 06852195 uk-core:ShareCapital uk-bus:Original 2023-03-31 06852195 uk-core:ShareCapital uk-bus:Original 2022-03-31 06852195 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 06852195 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 06852195 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-bus:Director2 uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-core:ComputerEquipment uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-core:MotorCars uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-core:FurnitureFittings uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-core:ComputerEquipment uk-bus:Original 2022-03-31 06852195 uk-core:FurnitureFittings uk-bus:Original 2022-03-31 06852195 uk-core:MotorCars uk-bus:Original 2022-03-31 06852195 uk-core:MotorCars uk-bus:Original 2023-03-31 06852195 uk-core:FurnitureFittings uk-bus:Original 2023-03-31 06852195 uk-core:ComputerEquipment uk-bus:Original 2023-03-31 06852195 uk-core:WithinOneYear uk-bus:Original 2023-03-31 06852195 uk-core:WithinOneYear uk-bus:Original 2022-03-31 06852195 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-03-31 06852195 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 06852195 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 06852195 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
Onteck Limited
Registered Number:06852195
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Onteck Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06852195
As at 31 March 2023
Onteck Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
89,738
23,308
2
89,738
23,308
Current assets
Inventories
400
400
3
Trade and other receivables
209,733
159,104
4
60,984
Cash and cash equivalents
140,032
299,536
271,117
Trade and other payables: amounts falling due within one
year
(171,940)
(197,169)
5
99,177
102,367
Net current assets
Total assets less current liabilities
192,105
122,485
Trade and other payables: amounts falling due after more
than one year
(12,667)
(8,667)
6
(17,050)
(4,429)
Provisions for liabilities
166,388
Net assets
105,389
Capital and reserves
Called up share capital
2,100
2,100
Retained earnings
164,288
103,289
166,388
105,389
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Sean Allan Woods Director
Mr Jonathan Paul Leach Director
These financial statements were approved and authorised for issue by the Board on 02 May 2023 and were signed by:
1 of 5
4
Registered Number :
06852195
For the year ended 31 March 2023
Onteck Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2023
Onteck Limited
Notes to the Financial Statements
Statutory Information
Onteck Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06852195.
Registered address:
Facilities House
Main Street
Hull
East Yorks
HU2 0LF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for goods and services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
15% Straight line
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
6
For the year ended 31 March 2023
Onteck Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 April 2022
43,700
8,650
25,975
9,075
84,488
1,090
1,870
81,528
Additions
At 31 March 2023
90,603
27,845
9,740
128,188
Provision for depreciation and impairment
At 01 April 2022
20,392
5,118
7,288
7,986
Charge for year
18,058
960
3,130
13,968
At 31 March 2023
38,450
6,078
10,418
21,954
At 31 March 2023
Net book value
68,649
17,427
3,662
89,738
At 31 March 2022
1,089
18,687
3,532
23,308
3. Inventories
2022
2023
£
£
Stocks
400
400
4. Trade and other receivables
2022
2023
£
£
Trade debtors
131,689
167,635
Other debtors
27,415
42,098
209,733
159,104
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,000
4,000
Trade creditors
13,067
45,865
Taxation and social security
65,795
52,822
Other creditors
114,307
69,253
197,169
171,940
4 of 5
7
For the year ended 31 March 2023
Onteck Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
8,667
12,667
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 7)
5 of 5