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
OVATIONS CORP LTD
Company Information
for the year ended 31 March 2024
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
OVATIONS CORP LTD
Statement of financial position
as at 31 March 2024
Intangible assets
20,000
20,000
Tangible assets
10,994
14,394
Cash at bank and in hand
85,442
91,298
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)
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
OVATIONS CORP LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2024
5,594
3,600
1,800
10,994
At 31 March 2023
7,194
4,800
2,400
14,394
Amounts falling due within one year
Trade debtors
15,200
10,500
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Creditors: amounts falling due within one year
2024
2023
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
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2023: 0).