Registered number
10211973
OZYTECH LTD
Filleted Accounts
31 March 2024
OZYTECH LTD
Registered number: 10211973
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,836 2,239
Current assets
Debtors 4 15,600 19,137
Cash at bank and in hand 217,208 155,636
232,808 174,773
Creditors: amounts falling due within one year 5 (35,427) (26,271)
Net current assets 197,381 148,502
Net assets 199,217 150,741
Capital and reserves
Called up share capital 100 100
Profit and loss account 199,117 150,641
Shareholder's funds 199,217 150,741
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ISMET MELIH OZSOY
Director
Approved by the board on 19 April 2024
OZYTECH LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, as follows:
Equipment 18% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2023 4,838
At 31 March 2024 4,838
Depreciation
At 1 April 2023 2,599
Charge for the year 403
At 31 March 2024 3,002
Net book value
At 31 March 2024 1,836
At 31 March 2023 2,239
4 Debtors 2024 2023
£ £
Trade debtors 15,600 17,940
Prepayments & other debtors - 1,197
15,600 19,137
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 27,081 19,956
Other taxes and social security costs 6,139 6,267
Accrued expenses & other creditors 2,207 48
35,427 26,271
6 Other information
OZYTECH LTD is a private company limited by shares and incorporated in England. Its registered office is:
86-90 PAUL STREET
(3rd FLOOR)
LONDON
EC2A 4NE
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