Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseThe principal activity of the limited liability partnership continued to be that of the supply of puncture prevention products, puncture repair fluids and ancillary items .00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC363642 2023-01-01 2023-12-31 OC363642 2022-01-01 2022-12-31 OC363642 2023-12-31 OC363642 2022-12-31 OC363642 c:Buildings c:LongLeaseholdAssets 2023-01-01 2023-12-31 OC363642 c:Buildings c:LongLeaseholdAssets 2023-12-31 OC363642 c:Buildings c:LongLeaseholdAssets 2022-12-31 OC363642 c:PlantMachinery 2023-01-01 2023-12-31 OC363642 c:PlantMachinery 2023-12-31 OC363642 c:PlantMachinery 2022-12-31 OC363642 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:MotorVehicles 2023-01-01 2023-12-31 OC363642 c:MotorVehicles 2023-12-31 OC363642 c:MotorVehicles 2022-12-31 OC363642 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:FurnitureFittings 2023-01-01 2023-12-31 OC363642 c:FurnitureFittings 2023-12-31 OC363642 c:FurnitureFittings 2022-12-31 OC363642 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:OfficeEquipment 2023-01-01 2023-12-31 OC363642 c:OfficeEquipment 2023-12-31 OC363642 c:OfficeEquipment 2022-12-31 OC363642 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:ComputerEquipment 2023-01-01 2023-12-31 OC363642 c:ComputerEquipment 2023-12-31 OC363642 c:ComputerEquipment 2022-12-31 OC363642 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC363642 c:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 OC363642 c:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 OC363642 c:CurrentFinancialInstruments 2023-12-31 OC363642 c:CurrentFinancialInstruments 2022-12-31 OC363642 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC363642 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC363642 d:FRS102 2023-01-01 2023-12-31 OC363642 d:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC363642 d:FullAccounts 2023-01-01 2023-12-31 OC363642 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC363642 c:CopyrightsPatentsTrademarksServiceOperatingRights c:InternallyGeneratedIntangibleAssets 2023-01-01 2023-12-31 OC363642 c:CopyrightsPatentsTrademarksServiceOperatingRights c:OwnedIntangibleAssets 2023-01-01 2023-12-31 OC363642 d:PartnerLLP3 2023-01-01 2023-12-31 OC363642 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC363642










Oko Global LLP








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Oko Global LLP
 
  
Chartered Accountants' Report to the Members on the preparation of the Unaudited Statutory Financial Statements of Oko Global LLP for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Oko Global LLP for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter dated [date]Our work has been undertaken solely to prepare for your approval the financial statements of Oko Global LLP  and state those matters that we have agreed to state to the Oko Global LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oko Global LLP and its members for our work or for this report. 

It is your duty to ensure that Oko Global LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oko Global LLP. You consider that Oko Global LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Oko Global LLP. 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 statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor
168 Shoreditch High Street
London
E1 6RA
11 July 2024
Page 1

 
Oko Global LLP
Registered number: OC363642

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,377
16,716

Tangible assets
 5 
73,446
106,024

  
87,823
122,740

Current assets
  

Stocks
  
230,907
320,934

Debtors: amounts falling due within one year
 6 
300,413
400,693

Cash at bank and in hand
  
769,974
575,181

  
1,301,294
1,296,808

Creditors: Amounts Falling Due Within One Year
 7 
(252,666)
(309,470)

Net current assets
  
 
 
1,048,628
 
 
987,338

Total assets less current liabilities
  
1,136,451
1,110,078

  

Net assets
  
1,136,451
1,110,078


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
1,136,451
1,110,078

  

  
1,136,451
1,110,078


Total members' interests
  

Loans and other debts due to members
 8 
1,136,451
1,110,078

  
1,136,451
1,110,078


Page 2

 
Oko Global LLP
Registered number: OC363642

Balance Sheet (continued)
As at 31 December 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Mr B R Evans
Designated member
Date: 11 July 2024

The notes on pages 5 to 10 form part of these financial statements.

Oko Global LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 3

 
Oko Global LLP
 

Reconciliation of Members' Interests
For the Year Ended 31 December 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Loss for the year available for discretionary division among members
 
(56,852)
(56,852)
-
-
(56,852)

Members' interests after profit for the year
(56,852)
(56,852)
1,427,223
1,427,223
1,370,371

Other division of losses
56,852
56,852
(56,852)
(56,852)
-

Drawings on account and distribution of profit
-
-
(260,293)
(260,293)
(260,293)

Amounts due to members
1,110,078
1,110,078

Balance at 31 December 2022
-
-
1,110,078
1,110,078
1,110,078

Profit for the year available for discretionary division among members
 
164,390
164,390
-
-
164,390

Members' interests after profit for the year
164,390
164,390
1,110,078
1,110,078
1,274,468

Other division of profits
(164,390)
(164,390)
164,390
164,390
-

Drawings on account and distribution of profit
-
-
(138,017)
(138,017)
(138,017)

Amounts due to members
1,136,451
1,136,451

Balance at 31 December 2023 
-
-
1,136,451
1,136,451
1,136,451

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Limited liability partnership information
OKO Global LLP is a limited liability partnership incorporated in England and Wales. The registered office
is 2nd Floor 168 Shoreditch High Street, London, E1 6RA.
The financial statements are presented in GBP rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Plant and machinery
-
15%
straight line
Motor vehicles
-
17%
straight line
Fixtures and fittings
-
15%
straight line
Office equipment
-
15%
straight line
Computer equipment
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.


3.


Employees

The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 7

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
65,822


Additions - internal
4,715



At 31 December 2023

70,537



Amortisation


At 1 January 2023
49,106


Charge for the year on owned assets
7,054



At 31 December 2023

56,160



Net book value



At 31 December 2023
14,377



At 31 December 2022
16,716



Page 8

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings

£
£
£
£



Cost or valuation


At 1 January 2023
72,068
70,229
133,246
11,036


Additions
-
4,847
-
-


Disposals
-
(7,643)
-
-



At 31 December 2023

72,068
67,433
133,246
11,036



Depreciation


At 1 January 2023
70,029
46,760
69,142
9,947


Charge for the year
2,039
6,188
20,608
850


Disposals
-
(7,643)
-
-



At 31 December 2023

72,068
45,305
89,750
10,797



Net book value



At 31 December 2023
-
22,128
43,496
239



At 31 December 2022
2,039
23,469
64,104
1,089

Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
24,492
58,737
369,808


Additions
-
-
4,847


Disposals
(500)
-
(8,143)



At 31 December 2023

23,992
58,737
366,512



Depreciation


At 1 January 2023
15,234
52,672
263,784


Charge for the year
2,869
4,871
37,425


Disposals
(500)
-
(8,143)



At 31 December 2023

17,603
57,543
293,066



Net book value



At 31 December 2023
6,389
1,194
73,446



At 31 December 2022
9,258
6,065
106,024

Page 9

 
Oko Global LLP
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
255,245
337,774

Other debtors
24,352
43,055

Prepayments and accrued income
20,816
19,864

300,413
400,693



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
240,072
295,548

Other creditors
12,594
13,922

252,666
309,470



8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
1,136,451
1,110,078

1,136,451
1,110,078

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
1,136,451
1,110,078

1,136,451
1,110,078

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


Page 10