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Company Registration No. 10615996 (England and Wales)
Otche & Labs Tapers Ltd Unaudited accounts for the year ended 29 February 2024
Otche & Labs Tapers Ltd Unaudited accounts Contents
Page
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Otche & Labs Tapers Ltd Company Information for the year ended 29 February 2024
Director
Franklin Seth Kwasi Otchere
Company Number
10615996 (England and Wales)
Registered Office
530 Moston Lane Manchester M40 5RG England
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Otche & Labs Tapers Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
22,382 
54,189 
Current assets
Cash at bank and in hand
63,647 
11,243 
Creditors: amounts falling due within one year
(28,750)
(24,203)
Net current assets/(liabilities)
34,897 
(12,960)
Total assets less current liabilities
57,279 
41,229 
Creditors: amounts falling due after more than one year
(18,334)
(26,667)
Net assets
38,945 
14,562 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,845 
14,462 
Shareholders' funds
38,945 
14,562 
For the year ending 29 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 7 September 2024 and were signed on its behalf by
Franklin Seth Kwasi Otchere Director Company Registration No. 10615996
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Otche & Labs Tapers Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Otche & Labs Tapers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10615996. The registered office is 530 Moston Lane, Manchester, M40 5RG, 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 year, 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:
Motor vehicles
20%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
16,495 
At 29 February 2024
16,495 
Depreciation
At 1 March 2023
16,495 
At 29 February 2024
16,495 
Net book value
At 29 February 2024
- 
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
54,189 
Disposals
(31,807)
Valuation at 29 February 2024
22,382 
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Otche & Labs Tapers Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
497 
675 
Taxes and social security
16,253 
8,805 
Loans from directors
- 
3,223 
Accruals
2,000 
1,500 
28,750 
24,203 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,334 
26,667 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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