Company Registration No. 12570902 (England and Wales)
O4JTech Ltd
Unaudited accounts
for the year ended 30 April 2024
O4JTech Ltd
Unaudited accounts
Contents
O4JTech Ltd
Company Information
for the year ended 30 April 2024
Company Number
12570902 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
O4JTech Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
18,296
25,573
Cash at bank and in hand
6,049
1,859
Creditors: amounts falling due within one year
(9,499)
(10,494)
Net current liabilities
(3,450)
(8,635)
Called up share capital
1
1
Profit and loss account
14,845
16,937
Shareholders' funds
14,846
16,938
For the year ending 30 April 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 his 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 28 January 2025 and were signed on its behalf by
Mr K Olajide
Director
Company Registration No. 12570902
O4JTech Ltd
Notes to the Accounts
for the year ended 30 April 2024
O4JTech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12570902. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% Reducing balance
Computer equipment
33% Straight Line Basis
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
O4JTech Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
43,190
5,245
48,435
At 30 April 2024
43,190
5,245
48,435
At 1 May 2023
18,896
3,966
22,862
Charge for the year
6,074
1,203
7,277
At 30 April 2024
24,970
5,169
30,139
At 30 April 2024
18,220
76
18,296
At 30 April 2023
24,294
1,279
25,573
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,671
5,671
Loans from directors
14
42
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).