THE OFFICIAL TEST CENTRE LIMITED

Company Registration Number:
05820506 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE OFFICIAL TEST CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE OFFICIAL TEST CENTRE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 54,700 16,168
Total fixed assets: 54,700 16,168
Current assets
Stocks: 936,511 848,854
Debtors:   13,394 20,018
Cash at bank and in hand:   87,134
Total current assets: 949,905 956,006
Creditors: amounts falling due within one year:   (420,302) (285,485)
Net current assets (liabilities): 529,603 670,521
Total assets less current liabilities: 584,303 686,689
Creditors: amounts falling due after more than one year:   (264,852) (308,741)
Total net assets (liabilities): 319,451 377,948
Capital and reserves
Called up share capital: 169 169
Share premium account: 274,831 274,831
Profit and loss account: 44,451 102,948
Shareholders funds: 319,451 377,948

The notes form part of these financial statements

THE OFFICIAL TEST CENTRE LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2024
and signed on behalf of the board by:

Name: Nicholas Karl Simmons
Status: Director

The notes form part of these financial statements

THE OFFICIAL TEST CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 25% reducing balance Motor vehicles - 25% reducing balance

Other accounting policies

Basis of preparation: The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Taxation: The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in the Income Statement. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Operating leases: Lease payments are recognised as an expense over the lease term on a straight-line basis. Tangible assets: Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses. Stocks: Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Financial instruments: A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Defined contribution plans: Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

THE OFFICIAL TEST CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

THE OFFICIAL TEST CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 71,665
Additions 51,779
Disposals (9,794)
At 31 December 2023 113,650
Depreciation
At 01 January 2023 55,497
Charge for year 9,000
On disposals (5,547)
At 31 December 2023 58,950
Net book value
At 31 December 2023 54,700
At 31 December 2022 16,168

THE OFFICIAL TEST CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit: Nicholas Karl Simmons
Description of the loan: During the year the director entered into the following advances and credits with the company.
£
Balance at 01 January 2023 36,919
Advances or credits repaid: 159
Balance at 31 December 2023 36,760
Name of director receiving advance or credit: Timothy Tristan Best
Description of the loan: During the year the director entered into the following advances and credits with the company.
£
Balance at 01 January 2023 80,089
Advances or credits repaid: 50
Balance at 31 December 2023 80,039