Company Registration No. 13923906 (England and Wales)
OTU GROUP LTD
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
OTU GROUP LTD
Unaudited accounts
Contents
OTU GROUP LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
OTU ENNINFUL AMISSAH
Company Number
13923906 (England and Wales)
Registered Office
67 AMBUSH STREET
ST JAMES
NORTHAMPTON
NORTHAMPTONSHIRE
NN5 5DU
ENGLAND
Accountants
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
Accountants' report on the preparation of the unaudited statutory statements of OTU GROUP LTD (The Company) for the period from 1 March 2023 to 28 February 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the period from 1 March 2023 to 28 February 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated 20 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company 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 financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the period from 1 March 2023 to 28 February 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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.
CRYSTAL FINANCE SERVICES LIMITED
Financial Accountants
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
6 July 2024
OTU GROUP LTD
Statement of financial position
as at 28 February 2024
Tangible assets
15,974
979
Cash at bank and in hand
11
-
Creditors: amounts falling due within one year
(20,487)
(2,091)
Net current assets/(liabilities)
27,352
(888)
Called up share capital
1
1
Profit and loss account
43,325
90
Shareholders' funds
43,326
91
For the period ending 28 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 July 2024 and were signed on its behalf by
OTU ENNINFUL AMISSAH
Director
Company Registration No. 13923906
OTU GROUP LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
OTU GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13923906. The registered office is 67 AMBUSH STREET, ST JAMES, NORTHAMPTON, NORTHAMPTONSHIRE, NN5 5DU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,937
-
1,937
At 28 February 2024
1,937
14,995
16,932
At 28 February 2024
958
-
958
At 28 February 2024
979
14,995
15,974
At 28 February 2023
979
-
979
Amounts falling due within one year
Trade debtors
47,828
1,200
OTU GROUP LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,155
2,091
Loans from directors
13,618
-
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).