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REGISTERED NUMBER: 07710085 (England and Wales)






OCTC Limited

Financial Statements

for the Year Ended 31 July 2024






OCTC Limited (Registered number: 07710085)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OCTC Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: Mr D P O'Shaughnessy
Mrs J T O'Shaughnessy





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 07710085 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

OCTC Limited (Registered number: 07710085)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,337 1,868

CURRENT ASSETS
Debtors 5 6,647 22,439
Cash at bank 145,827 153,503
152,474 175,942
CREDITORS
Amounts falling due within one year 6 14,764 16,109
NET CURRENT ASSETS 137,710 159,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,047

161,701

PROVISIONS FOR LIABILITIES 334 467
NET ASSETS 138,713 161,234

OCTC Limited (Registered number: 07710085)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 138,613 161,134
SHAREHOLDERS' FUNDS 138,713 161,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





Mr D P O'Shaughnessy - Director


OCTC Limited (Registered number: 07710085)

Notes to the Financial Statements
for the year ended 31 July 2024


1. STATUTORY INFORMATION

OCTC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
During the financial year the company made employer contributions into a director's personal pension scheme. Contributions payable to this pension scheme are charged to the profit and loss account in the period to which they relate.

OCTC Limited (Registered number: 07710085)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 August 2023
and 31 July 2024 3,254
DEPRECIATION
At 1 August 2023 1,386
Charge for year 531
At 31 July 2024 1,917
NET BOOK VALUE
At 31 July 2024 1,337
At 31 July 2023 1,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,534 22,227
Prepayments and accrued income 113 212
6,647 22,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 8,937 9,004
VAT 4,135 4,438
Directors' current accounts 17 518
Accruals and deferred income 1,675 2,149
14,764 16,109

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100