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Registered number: 10467414

Otero Door Specialists Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
David Stott Accoutancy Services
59
Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Otero Door Specialists Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Lee Otero
REGISTERED OFFICE
4 Hops Kiln
Cemetery Lane
Hadlow
Tonbridge
TN11 0LT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10467414
BANKERS
Barclays
ACCOUNTANTS
David Stott Accoutancy Services
59
Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Otero Door Specialists Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Otero Door Specialists Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3195,69889,623
CURRENT ASSETS
Stock15,18526,451
Debtors5304,314302,467
Cash at bank and in hand56,86030,422
376,359359,340
CREDITORS: Amounts falling due within one year6348,591278,365
NET CURRENT ASSETS27,76880,975
TOTAL ASSETS LESS CURRENT LIABILITIES223,466170,598
CREDITORS: Amounts falling due after more than one year718,95020,058
NET ASSETS204,516150,540
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account204,515150,539
SHAREHOLDERS' FUNDS204,516150,540
For the year ending 30/11/2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/02/2024 and signed on their behalf by
.............................
Lee Otero
Director

Otero Door Specialists Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles %
Equipment %
Motor Cars %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees99

Otero Door Specialists Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentMotor CarsTotal
££££
Cost
At 01/12/2022117,63922,18029,977169,796
Additions69,79249256,529126,813
Disposals--(29,977)(29,977)
At 30/11/2023187,43122,67256,529266,632
Depreciation
At 01/12/202257,99322,180-80,173
For the year(21,980)4112,700(9,239)
At 30/11/202336,01322,22112,70070,934
Net Book Amounts
At 30/11/2023151,41845143,829195,698
At 30/11/202259,646-29,97789,623
4. STOCK 20232022
££
Stock comprises:
Stock15,18526,451
15,18526,451
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors215,156241,579
Other debtors4,9483,120
220,104244,699
Amounts falling due over more than one year
Long term debtor84,21057,768
84,21057,768
304,314302,467

Otero Door Specialists Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,7966,187
VAT40,29118,363
Directors current account35,7386,078
Trade creditors250,172219,130
Other creditors17,59428,607
348,591278,365
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr18,95020,058
18,95020,058
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £.1 each11
11
New shares issued during period:
10 Ordinary shares of £.1 each11