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Company Registration No. 08724453 (England and Wales)
OVATIONS CORP LTD Management accounts for the year ended 31 March 2024
OVATIONS CORP LTD Management accounts Contents
Page
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OVATIONS CORP LTD Company Information for the year ended 31 March 2024
Director
V.LOHIA(MRS)
Company Number
08724453 (England and Wales)
Registered Office
11 Rambler Lane Slough Berkshire SL3 7RR United Kingdom
Accountants
Daniel & Associate Ltd Geoffrey Mwale Balfour House 741 High Road London N12 0BP
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OVATIONS CORP LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,000 
20,000 
Tangible assets
10,994 
14,394 
30,994 
34,394 
Current assets
Debtors
15,200 
10,500 
Cash at bank and in hand
85,442 
91,298 
100,642 
101,798 
Creditors: amounts falling due within one year
(2,387,014)
(1,259,283)
Net current liabilities
(2,286,372)
(1,157,485)
Net liabilities
(2,255,378)
(1,123,091)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,255,478)
(1,123,191)
Shareholders' funds
(2,255,378)
(1,123,091)
For the year ending 31 March 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 her 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 25 December 2024 and were signed on its behalf by
V.LOHIA(MRS) Director Company Registration No. 08724453
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OVATIONS CORP LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OVATIONS CORP LTD is a private company, limited by shares, registered in England and Wales, registration number 08724453. The registered office is 11 Rambler Lane, Slough, Berkshire, SL3 7RR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
20,000 
At 31 March 2024
20,000 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
20,000 
At 31 March 2023
20,000 
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OVATIONS CORP LTD Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
8,794 
6,000 
3,000 
17,794 
At 31 March 2024
8,794 
6,000 
3,000 
17,794 
Depreciation
At 1 April 2023
1,600 
1,200 
600 
3,400 
Charge for the year
1,600 
1,200 
600 
3,400 
At 31 March 2024
3,200 
2,400 
1,200 
6,800 
Net book value
At 31 March 2024
5,594 
3,600 
1,800 
10,994 
At 31 March 2023
7,194 
4,800 
2,400 
14,394 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,200 
10,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,226,867 
1,103,612 
Trade creditors
15,664 
15,664 
Taxes and social security
8,522 
4,046 
Other creditors
35,621 
35,621 
Loans from directors
100,340 
100,340 
2,387,014 
1,259,283 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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