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REGISTERED NUMBER: 08220429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

OTROVEZ LIMITED

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OTROVEZ LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: C N Jones





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 08220429 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,458 3,537

CURRENT ASSETS
Debtors 5 124,883 170,742
Cash at bank 126,503 59,622
251,386 230,364
CREDITORS
Amounts falling due within one year 6 74,243 84,709
NET CURRENT ASSETS 177,143 145,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,601

149,192

CREDITORS
Amounts falling due after more than
one year

7

(23,200

)

(32,894

)

PROVISIONS FOR LIABILITIES 9 (834 ) (661 )
NET ASSETS 157,567 115,637

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 157,467 115,537
SHAREHOLDERS' FUNDS 157,567 115,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:





C N Jones - Director


OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Otrovez Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern
The director has reviewed the going concern status of the business for the foreseeable future and fully expects that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,175 1,634 9,550 12,359
Additions - - 2,406 2,406
At 31 March 2023 1,175 1,634 11,956 14,765
DEPRECIATION
At 1 April 2022 1,075 1,432 6,315 8,822
Charge for year 25 50 1,410 1,485
At 31 March 2023 1,100 1,482 7,725 10,307
NET BOOK VALUE
At 31 March 2023 75 152 4,231 4,458
At 31 March 2022 100 202 3,235 3,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,521 166,206
Other debtors 2,088 2,040
VAT 2,620 277
Prepayments and accrued income 7,654 2,219
124,883 170,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,168 38,026
Corporation tax 23,217 27,454
Social security and other taxes 1,079 499
Other creditors 178 139
Director's current account 75 29
Accruals and deferred income 30,526 8,562
74,243 84,709

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,200 22,894
23,200 32,894

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,400 9,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 847 672
Other timing differences (13 ) (11 )
834 661

Deferred
tax
£   
Balance at 1 April 2022 661
Provided during year 173
Balance at 31 March 2023 834

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
95 Ordinary £1 95 95
5 'A' Ordinary £1 5 5
100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2023 the director C N Jones was owed £75 by the company (2022 - £29) in respect of monies advanced during the year. No interest is charged on this loan.

OTROVEZ LIMITED (REGISTERED NUMBER: 08220429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

12. RELATED PARTY DISCLOSURES

During the year, the company incurred expenditure in connection with the Otrovez SSAS pension scheme amounting to £969 (2022 - £1,747).