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Company Registration No. SC529575 (Scotland)
OTK UK LTD Unaudited accounts for the year ended 31 March 2023
OTK UK LTD Unaudited accounts Contents
Page
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OTK UK LTD Company Information for the year ended 31 March 2023
Director
Ayodeji Sennuga
Company Number
SC529575 (Scotland)
Registered Office
36 Oban Terrace Dundee Scotland DD3 0GZ
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OTK UK LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
870 
1,280 
Current assets
Cash at bank and in hand
813 
1,181 
Creditors: amounts falling due within one year
15,141 
17,511 
Net current assets
15,954 
18,692 
Total assets less current liabilities
16,824 
19,972 
Creditors: amounts falling due after more than one year
(8,145)
(10,414)
Net assets
8,679 
9,558 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,678 
9,557 
Shareholders' funds
8,679 
9,558 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 17 November 2023 and were signed on its behalf by
Ayodeji Sennuga Director Company Registration No. SC529575
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OTK UK LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
OTK UK LTD is a private company, limited by shares, registered in Scotland, registration number SC529575. The registered office is 36 Oban Terrace, Dundee, Scotland, DD3 0GZ.
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.
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:
Plant & machinery
20%
Computer equipment
20%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
3,350 
At 31 March 2023
3,350 
Depreciation
At 1 April 2022
2,070 
Charge for the year
410 
At 31 March 2023
2,480 
Net book value
At 31 March 2023
870 
At 31 March 2022
1,280 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
41 
Loans from directors
(15,341)
(18,202)
Accruals
200 
650 
(15,141)
(17,511)
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OTK UK LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,145 
10,414 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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