OTASKI ENERGY SOLUTIONS LTD

Company Registration Number:
11070502 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

OTASKI ENERGY SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

OTASKI ENERGY SOLUTIONS LTD

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Additional information

During the year, the Directors agreed to convert their portion of the company's liabilities due to them to share premium equity: Total Directors liabilities converted to share premium equity: £319,983



Directors

The director shown below has held office during the whole of the period from
1 December 2023 to 30 November 2024

Otaigbe Philip Inegbedion


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 February 2025

And signed on behalf of the board by:
Name: Otaigbe Philip Inegbedion
Status: Director

OTASKI ENERGY SOLUTIONS LTD

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 799,682 258,368
Cost of sales: ( 420,884 ) ( 82,505 )
Gross profit(or loss): 378,798 175,863
Distribution costs: 0 0
Administrative expenses: ( 765,135 ) ( 530,538 )
Other operating income: 396,615 286,356
Operating profit(or loss): 10,278 (68,319)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 10,278 (68,319)
Tax: 0 0
Profit(or loss) for the financial year: 10,278 (68,319)

OTASKI ENERGY SOLUTIONS LTD

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 57,800 58,591
Investments:   0 0
Total fixed assets: 57,800 58,591
Current assets
Stocks: 4 240,000 0
Debtors: 5 94,708 94,040
Cash at bank and in hand: 47,976 23,135
Investments:   0 0
Total current assets: 382,684 117,175
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 388,711 ) ( 463,759 )
Net current assets (liabilities): (6,027) (346,584)
Total assets less current liabilities: 51,773 ( 287,993)
Creditors: amounts falling due after more than one year: 7 ( 105,998 ) ( 93,521 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 434 ) ( 3,406 )
Total net assets (liabilities): (54,659) (384,920)
Capital and reserves
Called up share capital: 100 100
Share premium account: 319,983 0
Other reserves: 0 0
Profit and loss account: (374,742 ) (385,020 )
Total Shareholders' funds: ( 54,659 ) (384,920)

The notes form part of these financial statements

OTASKI ENERGY SOLUTIONS LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 3 February 2025
and signed on behalf of the board by:

Name: Otaigbe Philip Inegbedion
Status: Director

The notes form part of these financial statements

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 9

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 0 4,145 0 14,481 79,916 98,542
Additions 0 0 0 616 29,705 30,321
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 November 2024 0 4,145 0 15,097 109,621 128,863
Depreciation
At 1 December 2023 0 4,082 0 9,328 26,541 39,951
Charge for year 0 61 0 3,646 27,405 31,112
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 November 2024 0 4,143 0 12,974 53,946 71,063
Net book value
At 30 November 2024 0 2 0 2,123 55,675 57,800
At 30 November 2023 0 63 0 5,153 53,375 58,591

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 240,000 0
Payments on account 0 0
Total 240,000 0

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Trade debtors 92,952 0
Prepayments and accrued income 0 0
Other debtors 1,756 94,040
Total 94,708 94,040
Debtors due after more than one year: 0 0

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 74,902
Trade creditors 252,446 4,249
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 136,265 384,608
Total 388,711 463,759

OTASKI ENERGY SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 26,519 38,521
Amounts due under finance leases and hire purchase contracts 79,479 0
Other creditors 0 55,000
Total 105,998 93,521