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Registered number: 13839505
Ooak Consultancy Limited
Financial Statements
For The Year Ended 31 January 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Ooak Consultancy Limited for the year ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ooak Consultancy Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Ooak Consultancy Limited , as a body, in accordance with the terms of our engagement letter dated 23 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Ooak Consultancy Limited and state those matters that we have agreed to state to the director of Ooak Consultancy Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ooak Consultancy Limited and its director as a body for our work or for this report.
It is your duty to ensure that Ooak Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ooak Consultancy Limited . You consider that Ooak Consultancy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ooak Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28th March 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 13839505
31 January 2024 31 January 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 10,200 -
Cash at bank and in hand 31,163 29,485
41,363 29,485
Creditors: Amounts Falling Due Within One Year 5 (7,694 ) (7,654 )
NET CURRENT ASSETS (LIABILITIES) 33,669 21,831
TOTAL ASSETS LESS CURRENT LIABILITIES 33,669 21,831
NET ASSETS 33,669 21,831
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account 33,666 21,828
SHAREHOLDERS' FUNDS 33,669 21,831
Page 2
Page 3
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Ludovica Orlandi
Director
28th March 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ooak Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13839505 . The registered office is 19 Edward Court, Edward Road, West Bridgford, Nottingham, NG2 5GP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 4
Page 5
4. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Trade debtors 10,200 -
5. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors - 148
Corporation tax 6,460 6,528
Accruals and deferred income 852 678
Director's loan account 382 300
7,694 7,654
6. Share Capital
31 January 2024 31 January 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
1 Ordinary A shares of £ 1.000 each 1 1
1 Ordinary B shares of £ 1.000 each 1 1
3 3
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
31 January 2024 31 January 2023
£ £
Dr Ludovica Orlandi 14,700 4,000
8. Dividends
31 January 2024 31 January 2023
£ £
On equity shares:
Final dividend paid 15,700 6,000
Page 5
Page 6
9. Ultimate Controlling Party
The company's ultimate controlling party is Ludovica Orlandi by virtue of her ownership of 100% of the voting rights in the company.
Page 6