OTA SOLUTIONS LIMITED

Company Registration Number:
04331551 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

OTA SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

OTA SOLUTIONS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Shipping and Transport



Directors

The director shown below has held office during the period of
2 March 2024 to 31 March 2024

Twumasi Okyere


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 September 2024

And signed on behalf of the board by:
Name: Twumasi Okyere
Status: Director

OTA SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 199,750 190,077
Cost of sales: ( 114,183 ) ( 110,859 )
Gross profit(or loss): 85,567 79,218
Distribution costs: ( 31,869 ) ( 28,458 )
Administrative expenses: ( 47,805 ) ( 44,490 )
Operating profit(or loss): 5,893 6,270
Interest payable and similar charges: ( 4,180 ) ( 4,918 )
Profit(or loss) before tax: 1,713 1,352
Profit(or loss) for the financial year: 1,713 1,352

OTA SOLUTIONS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 3,950 1,225
Total fixed assets: 3,950 1,225
Current assets
Stocks: 4 24,509 31,776
Debtors: 5 8,500 11,740
Cash at bank and in hand: 7,194 12,412
Total current assets: 40,203 55,928
Creditors: amounts falling due within one year: 6 ( 1,000 ) ( 1,000 )
Net current assets (liabilities): 39,203 54,928
Total assets less current liabilities: 43,153 56,153
Creditors: amounts falling due after more than one year: 7 ( 41,341 ) ( 54,702 )
Total net assets (liabilities): 1,812 1,451
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,712 1,351
Total Shareholders' funds: 1,812 1,451

The notes form part of these financial statements

OTA SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 March 2024 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 applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 September 2024
and signed on behalf of the board by:

Name: Twumasi Okyere
Status: Director

The notes form part of these financial statements

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 11,000 11,000
Additions 5,000 5,000
Disposals
Revaluations
Transfers
At 31 March 2024 16,000 16,000
Depreciation
At 1 April 2023 9,775 9,775
Charge for year 2,275 2,275
On disposals
Other adjustments
At 31 March 2024 12,050 12,050
Net book value
At 31 March 2024 3,950 3,950
At 31 March 2023 1,225 1,225

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 24,509 31,776
Total 24,509 31,776

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 8,500 11,740
Total 8,500 11,740

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,000 1,000
Total 1,000 1,000

OTA SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 31,341 44,702
Other creditors 10,000 10,000
Total 41,341 54,702