OTIC GLOBAL LIMITED

Company Registration Number:
04946847 (England and Wales)

Unaudited micro entity accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

OTIC GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

OTIC GLOBAL LIMITED

Company Information

for the Period Ended 31 October 2023




Director: Kenny Macarthy
Registered office: 17
High Road
Wormley
Broxbourne
Hertfordshire
EN10 6HT
Company Registration Number: 04946847 (England and Wales)

OTIC GLOBAL LIMITED

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

Accounting and auditing activities and Bookkeeping activities

Additional information

The uncertainty of current economic situation post pandemic has reduce confidence in investing in the business for now. Clients are cautious and so impacting on securing new clients. We continue to service the few clients on ourr books and also maintain the teaching and training side of the business. The slow pace and the economics of most countries makes it difficult to prospect abroad for now. We continue to focus in UK. Our expectation for growth post pandemic has not materialised and hope there will be change to this in the forseable future. We will continue to focus on Teaching and Training to increase profit and maintain our clients. We are positive that there will be improvements in business opportunities soon.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Kenny Macarthy

This report was approved by the board of directors on 18 January 2024
And Signed On Behalf Of The Board By:

Name: Kenny Macarthy
Status: Director

OTIC GLOBAL LIMITED

Profit and Loss Account

for the Period Ended 31 October 2023


2023
£

2022
£
Turnover 1,400 1,105
Profit or (Loss) for Period 1,400 1,105

OTIC GLOBAL LIMITED

Balance sheet

As at 31 October 2023


2023
£

2022
£
Fixed Assets: 436 301
Current assets: 1,888 2,219
Creditors: amounts falling due within one year: ( 16,006 )
Net current assets (liabilities): ( 14,118 ) 2,219
Total assets less current liabilities: ( 13,682 ) 2,520
Creditors: amounts falling due after more than one year: ( 16,410 )
Total net assets (liabilities): ( 13,682 ) ( 13,890 )
Capital and reserves: ( 13,682 ) ( 13,890 )

OTIC GLOBAL LIMITED

Balance sheet continued

For the year ending 31 October 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 18 January 2024
And Signed On Behalf Of The Board By:

Name: Kenny Macarthy
Status: Director

The notes form part of these financial statements

OTIC GLOBAL LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Employee Information

    Average number of employees: 0

OTIC GLOBAL LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Off balance sheet disclosure

    No