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REGISTERED NUMBER: 09024903 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The OT Service Limited

The OT Service Limited (Registered number: 09024903)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The OT Service Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A Ferry
Ms S L Shann
Ms C E Sheehan
Ms. L Leonard





REGISTERED OFFICE: 8 Linnet Court
Cawledge Business Park
Alnwick
Northumberland
NE66 2GD





REGISTERED NUMBER: 09024903 (England and Wales)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

The OT Service Limited (Registered number: 09024903)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 24,189 17,689

CURRENT ASSETS
Debtors 4 179,975 121,807
Cash at bank 286,422 74,564
466,397 196,371
CREDITORS
Amounts falling due within one year 5 159,021 53,857
NET CURRENT ASSETS 307,376 142,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,565

160,203

PROVISIONS FOR LIABILITIES 6,000 -
NET ASSETS 325,565 160,203

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 325,465 160,103
325,565 160,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 OT Service Limited (Registered number: 09024903)

Statement of Financial Position - continued
30 April 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 4 November 2024 and were signed on its behalf by:




Ms C E Sheehan - Director A Ferry - Director




Ms. L Leonard - Director


The OT Service Limited (Registered number: 09024903)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. 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.
Home Office - 10% on cost
Fixtures, Fittings & Equipment - 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

The OT Service Limited (Registered number: 09024903)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. TANGIBLE FIXED ASSETS
Fixtures,
Home Fittings
Office & Equipment Totals
£    £    £   
COST
At 1 May 2023 16,683 13,535 30,218
Additions - 9,869 9,869
At 30 April 2024 16,683 23,404 40,087
DEPRECIATION
At 1 May 2023 10,010 2,519 12,529
Charge for year 1,668 1,701 3,369
At 30 April 2024 11,678 4,220 15,898
NET BOOK VALUE
At 30 April 2024 5,005 19,184 24,189
At 30 April 2023 6,673 11,016 17,689

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 167,638 107,533
Other debtors 12,337 14,274
179,975 121,807

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts - 3,562
Trade creditors 1,449 (1,618 )
Taxation and social security 154,422 27,737
Other creditors 3,150 24,176
159,021 53,857

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
A Ferry
Balance outstanding at start of year 6,048 10,885
Amounts advanced - 46,031
Amounts repaid (6,048 ) (50,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,048

The OT Service Limited (Registered number: 09024903)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms S L Shann
Balance outstanding at start of year (635 ) (419 )
Amounts advanced 635 300
Amounts repaid - (516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (635 )

Ms C E Sheehan
Balance outstanding at start of year (21,611 ) 1,377
Amounts advanced 21,611 25,532
Amounts repaid - (48,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (21,611 )

Ms. L Leonard
Balance outstanding at start of year - -
Amounts advanced - 9,393
Amounts repaid - (9,393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -