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
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
Otche & Labs Tapers Ltd
Statement of financial position
as at 29 February 2024
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)
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
Otche & Labs Tapers Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
Motor vehicles
At 29 February 2024
16,495
At 29 February 2024
16,495
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Investments
Other investments
Valuation at 1 March 2023
54,189
Valuation at 29 February 2024
22,382
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
Taxes and social security
16,253
8,805
Loans from directors
-
3,223
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).