Otterllie & Co Limited 13940877 false 2022-02-25 2023-02-28 2023-02-28 The principal activity of the company is sale of goods and organisation of events. Digita Accounts Production Advanced 6.30.9574.0 true 13940877 2022-02-25 2023-02-28 13940877 2023-02-28 13940877 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-02-28 13940877 bus:Original 2023-02-28 13940877 core:CurrentFinancialInstruments 2023-02-28 13940877 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13940877 bus:SmallEntities 2022-02-25 2023-02-28 13940877 bus:AuditExemptWithAccountantsReport 2022-02-25 2023-02-28 13940877 bus:FullAccounts 2022-02-25 2023-02-28 13940877 bus:SmallCompaniesRegimeForAccounts 2022-02-25 2023-02-28 13940877 bus:RegisteredOffice 2022-02-25 2023-02-28 13940877 bus:Director1 2022-02-25 2023-02-28 13940877 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-02-25 2023-02-28 13940877 bus:PrivateLimitedCompanyLtd 2022-02-25 2023-02-28 13940877 countries:EnglandWales 2022-02-25 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13940877

Otterllie & Co Limited

Unaudited Filleted Financial Statements

for the Period from 25 February 2022 to 28 February 2023

 

Otterllie & Co Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Otterllie & Co Limited

Company Information

Director

Miss E Llewellyn

Registered office

Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

 

Otterllie & Co Limited

(Registration number: 13940877)
Balance Sheet as at 28 February 2023

Note

2023
£

Current assets

 

Stocks

4

604

Debtors

5

310

Cash at bank and in hand

 

5,248

 

6,162

Creditors: Amounts falling due within one year

6

(4,792)

Net assets

 

1,370

Capital and reserves

 

Called up share capital

7

100

Retained earnings

1,270

Shareholders' funds

 

1,370

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 22 November 2023
 

.........................................
Miss E Llewellyn
Director

 

Otterllie & Co Limited

Notes to the Unaudited Financial Statements for the Period from 25 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

These financial statements were authorised for issue by the director on 22 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured; and
it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Otterllie & Co Limited

Notes to the Unaudited Financial Statements for the Period from 25 February 2022 to 28 February 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Stocks

2023
£

Other inventories

604

5

Debtors

Current

2023
£

Other debtors

310

 

310

 

Otterllie & Co Limited

Notes to the Unaudited Financial Statements for the Period from 25 February 2022 to 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

298

Accruals and deferred income

600

Other creditors

3,894

4,792

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100