Company Registration No. 13132210 (England and Wales)
Ontatile Ltd
Unaudited accounts
for the year ended 31 January 2024
Ontatile Ltd
Unaudited accounts
Contents
Ontatile Ltd
Company Information
for the year ended 31 January 2024
Company Number
13132210 (England and Wales)
Registered Office
3 Roche Close
Rochford
Essex
SS4 1PX
England
Accountants
TAWANDA GROUP LTD
INNOVATION CENTRE MEDWAY
MAIDSTONE ROAD
CHATHAM
KENT
ME5 9FD
Ontatile Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
906,137
906,137
Cash at bank and in hand
336,659
2,598
Creditors: amounts falling due within one year
(1,657)
-
Net current assets
335,002
2,598
Total assets less current liabilities
1,241,139
908,735
Creditors: amounts falling due after more than one year
(1,235,154)
(937,134)
Net assets/(liabilities)
5,985
(28,399)
Called up share capital
1
1
Profit and loss account
5,984
(28,400)
Shareholders' funds
5,985
(28,399)
For the year ending 31 January 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 her 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 2 October 2024 and were signed on its behalf by
KEARABILOE NKOMO
Director
Company Registration No. 13132210
Ontatile Ltd
Notes to the Accounts
for the year ended 31 January 2024
Ontatile Ltd is a private company, limited by shares, registered in England and Wales, registration number 13132210. The registered office is 3 Roche Close, Rochford, Essex, SS4 1PX, 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
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
904,987
1,150
906,137
At 31 January 2024
904,987
1,150
906,137
At 31 January 2024
904,987
1,150
906,137
At 31 January 2023
904,987
1,150
906,137
5
Creditors: amounts falling due within one year
2024
2023
Ontatile Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
637,746
659,726
Amounts owed to group undertakings and other participating interests
597,408
-
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).