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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
Page
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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
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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
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OTU GROUP LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,974 
979 
Current assets
Debtors
47,828 
1,203 
Cash at bank and in hand
11 
- 
47,839 
1,203 
Creditors: amounts falling due within one year
(20,487)
(2,091)
Net current assets/(liabilities)
27,352 
(888)
Net assets
43,326 
91 
Capital and reserves
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
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OTU GROUP LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
50%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,937 
- 
1,937 
Additions
- 
14,995 
14,995 
At 28 February 2024
1,937 
14,995 
16,932 
Depreciation
At 1 March 2023
958 
- 
958 
At 28 February 2024
958 
- 
958 
Net book value
At 28 February 2024
979 
14,995 
15,974 
At 28 February 2023
979 
- 
979 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,828 
1,200 
Other debtors
- 
3 
47,828 
1,203 
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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 
£ 
£ 
Trade creditors
(286)
- 
Taxes and social security
7,155 
2,091 
Loans from directors
13,618 
- 
20,487 
2,091 
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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