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REGISTERED NUMBER: 04148967 (England and Wales)















O.T.S. (NW) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


O.T.S. (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mrs J Owen
H P Owen





Secretary: Mrs J Owen





Registered office: Glaslyn
Greenfield Road
Ruthin
Denbighshire
LL15 1EP





Registered number: 04148967 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 89,339 114,703

Current assets
Debtors 5 103,373 81,687
Cash at bank and in hand 33,864 34,843
137,237 116,530
Creditors
Amounts falling due within one year 6 110,124 90,883
Net current assets 27,113 25,647
Total assets less current liabilities 116,452 140,350

Creditors
Amounts falling due after more than one
year

7

(20,229

)

(40,417

)

Provisions for liabilities (22,335 ) (21,793 )
Net assets 73,888 78,140

Capital and reserves
Called up share capital 100 100
Retained earnings 73,788 78,040
73,888 78,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

BALANCE SHEET - continued
31 MARCH 2024


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 17 October 2024 and were signed on its behalf by:





Mrs J Owen - Director


O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

O.T.S. (NW) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Tangible fixed assets
Plant and Fixtures Motor
machinery & fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 40,041 8,147 296,514 344,702
Additions 2,700 399 - 3,099
At 31 March 2024 42,741 8,546 296,514 347,801
Depreciation
At 1 April 2023 30,846 7,350 191,803 229,999
Charge for year 2,121 165 26,177 28,463
At 31 March 2024 32,967 7,515 217,980 258,462
Net book value
At 31 March 2024 9,774 1,031 78,534 89,339
At 31 March 2023 9,195 797 104,711 114,703

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 93,585 74,258
Other debtors 9,788 7,429
103,373 81,687

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,188 16,988
Trade creditors 22,721 26,522
Taxation and social security 46,359 22,313
Other creditors 20,856 15,060
110,124 90,883

O.T.S. (NW) LIMITED (REGISTERED NUMBER: 04148967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 8,562 18,750
20,229 40,417

8. Related party disclosures

Included in other creditors is £16,717 ( 2023 £13,907 )owed to the directors. The loan is repayable on demand and no interest is charged.