Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3132023-06-01falseWholesale of dairy products3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11981649 2023-06-01 2024-05-31 11981649 2022-06-01 2023-05-31 11981649 2024-05-31 11981649 2023-05-31 11981649 c:Director1 2023-06-01 2024-05-31 11981649 d:PlantMachinery 2023-06-01 2024-05-31 11981649 d:PlantMachinery 2024-05-31 11981649 d:PlantMachinery 2023-05-31 11981649 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11981649 d:MotorVehicles 2023-06-01 2024-05-31 11981649 d:MotorVehicles 2024-05-31 11981649 d:MotorVehicles 2023-05-31 11981649 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11981649 d:FurnitureFittings 2023-06-01 2024-05-31 11981649 d:FurnitureFittings 2024-05-31 11981649 d:FurnitureFittings 2023-05-31 11981649 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11981649 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11981649 d:CurrentFinancialInstruments 2024-05-31 11981649 d:CurrentFinancialInstruments 2023-05-31 11981649 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11981649 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11981649 d:ShareCapital 2024-05-31 11981649 d:ShareCapital 2023-05-31 11981649 d:RetainedEarningsAccumulatedLosses 2024-05-31 11981649 d:RetainedEarningsAccumulatedLosses 2023-05-31 11981649 c:FRS102 2023-06-01 2024-05-31 11981649 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11981649 c:FullAccounts 2023-06-01 2024-05-31 11981649 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11981649 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 11981649









OTTIES KENT LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
OTTIES KENT LTD
REGISTERED NUMBER: 11981649

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,994
27,842

  
30,994
27,842

Current assets
  

Debtors: amounts falling due within one year
 5 
4,522
23,518

Cash at bank and in hand
 6 
18,527
399

  
23,049
23,917

Creditors: amounts falling due within one year
 7 
(221,364)
(163,600)

Net current liabilities
  
 
 
(198,315)
 
 
(139,683)

Total assets less current liabilities
  
(167,321)
(111,841)

  

Net liabilities
  
(167,321)
(111,841)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(167,421)
(111,941)

  
(167,321)
(111,841)


Page 1

 
OTTIES KENT LTD
REGISTERED NUMBER: 11981649
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2025.




................................................
David Guy
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OTTIES KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Otties Kent Ltd is a private company, incorporated in England and Wales, limited by its share capital.  The principal activity of the Company throughout the year was the wholesale of dairy products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts are prepared on a going conern basis, with the support of the directors pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
OTTIES KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
OTTIES KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
2,533
-

2,533
-


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
3
3


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
43,824
3,990
1,180
48,994


Additions
13,492
-
-
13,492



At 31 May 2024

57,316
3,990
1,180
62,486



Depreciation


At 1 June 2023
17,477
2,495
1,180
21,152


Charge for the year on owned assets
9,966
374
-
10,340



At 31 May 2024

27,443
2,869
1,180
31,492



Net book value



At 31 May 2024
29,873
1,121
-
30,994



At 31 May 2023
26,347
1,495
-
27,842

Page 5

 
OTTIES KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
135
5,477

Other debtors
3,586
17,927

Prepayments and accrued income
801
114

4,522
23,518


Included within other debtors due within one year is a loan to the directors, Stewart Wilson, amounting to £10 (2023 - £10) and Kirsten Wilson amounting to £10 (2023 - £10). 




6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,527
399

18,527
399



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
32,289

Trade creditors
-
4,761

Other creditors
219,914
86,032

Accruals and deferred income
1,450
40,518

221,364
163,600



8.


Controlling party

The Company is controlled by the director, David Guy, by virtue of his shareholding, as described in the Directors' report.

 
Page 6