Otter Engineering Limited 09435105 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Provision of engineering services Digita Accounts Production Advanced 6.30.9574.0 true Mr Jeremy Daniel Bateson 09435105 2023-03-01 2024-02-29 09435105 2024-02-29 09435105 bus:OrdinaryShareClass1 2024-02-29 09435105 core:RetainedEarningsAccumulatedLosses 2024-02-29 09435105 core:ShareCapital 2024-02-29 09435105 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09435105 core:FurnitureFittingsToolsEquipment 2024-02-29 09435105 core:OtherPropertyPlantEquipment 2024-02-29 09435105 bus:FRS102 2023-03-01 2024-02-29 09435105 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09435105 bus:FullAccounts 2023-03-01 2024-02-29 09435105 bus:RegisteredOffice 2023-03-01 2024-02-29 09435105 bus:Director1 2023-03-01 2024-02-29 09435105 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09435105 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 09435105 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09435105 core:OfficeEquipment 2023-03-01 2024-02-29 09435105 core:PlantMachinery 2023-03-01 2024-02-29 09435105 countries:EnglandWales 2023-03-01 2024-02-29 09435105 2023-02-28 09435105 core:FurnitureFittingsToolsEquipment 2023-02-28 09435105 core:OtherPropertyPlantEquipment 2023-02-28 09435105 2023-02-28 09435105 bus:OrdinaryShareClass1 2023-02-28 09435105 core:RetainedEarningsAccumulatedLosses 2023-02-28 09435105 core:ShareCapital 2023-02-28 09435105 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09435105 core:FurnitureFittingsToolsEquipment 2023-02-28 09435105 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09435105

Otter Engineering Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Otter Engineering Limited

Profit and Loss Account for the Year Ended 29 February 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Otter Engineering Limited

(Registration number: 09435105)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

9,130

9,130

Current assets

 

Cash at bank and in hand

 

232

232

Creditors: Amounts falling due within one year

5

(12,542)

(12,542)

Net current liabilities

 

(12,310)

(12,310)

Net liabilities

 

(3,180)

(3,180)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(3,280)

(3,280)

Shareholders' deficit

 

(3,180)

(3,180)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 November 2024
 

Mr Jeremy Daniel Bateson
Director

   
     
 

Otter Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Little Copse North
Winters Lane
Ottery St Mary
Devon
EX11 1AS
United Kingdom

The principal place of business is:
Little Copse North
Winters Lane
Ottery St Mary
Devon
EX11 1AS
United Kingdom

These financial statements were authorised for issue by the director on 4 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Otter Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Office equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Otter Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

1,750

26,099

27,849

At 29 February 2024

1,750

26,099

27,849

Depreciation

At 1 March 2023

1,195

17,524

18,719

At 29 February 2024

1,195

17,524

18,719

Carrying amount

At 29 February 2024

555

8,575

9,130

At 28 February 2023

555

8,575

9,130

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

232

232

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

(178)

(178)

Amounts due to related parties

12,480

12,480

Accruals

 

240

240

 

12,542

12,542

6

Share capital

Allotted, called up and fully paid shares

 

Otter Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100