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Company Registration No. 12680337 (England and Wales)
Octane Solutions Ltd Unaudited accounts for the year ended 30 June 2024
Octane Solutions Ltd Unaudited accounts Contents
Page
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Octane Solutions Ltd Company Information for the year ended 30 June 2024
Director
Gary Mark Stewart
Company Number
12680337 (England and Wales)
Registered Office
C/O Accounts and Legal 81 King Street Manchester Greater Manchester M2 4AH England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Octane Solutions Ltd Accountants' report
Accountants' report to the director of Octane Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Octane Solutions Ltd for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Octane Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 27 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Octane Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Octane Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Octane Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Octane Solutions Ltd. You consider that Octane Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Octane Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 27 March 2025
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Octane Solutions Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
145 
Current assets
Debtors
27,168 
30,641 
Cash at bank and in hand
502 
261 
27,670 
30,902 
Creditors: amounts falling due within one year
(42,028)
(24,510)
Net current (liabilities)/assets
(14,358)
6,392 
Total assets less current liabilities
(14,358)
6,537 
Creditors: amounts falling due after more than one year
(5,152)
(2,550)
Net (liabilities)/assets
(19,510)
3,987 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
(19,515)
3,982 
Shareholders' funds
(19,510)
3,987 
For the year ending 30 June 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 27 March 2025 and were signed on its behalf by
Gary Mark Stewart Director Company Registration No. 12680337
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Octane Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Octane Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12680337. The registered office is C/O Accounts and Legal, 81 King Street , Manchester , Greater Manchester , M2 4AH, England .
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 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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
580 
At 30 June 2024
580 
Depreciation
At 1 July 2023
435 
Charge for the year
145 
At 30 June 2024
580 
Net book value
At 30 June 2024
- 
At 30 June 2023
145 
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Octane Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,173 
- 
Accrued income and prepayments
24,563 
30,209 
Other debtors
- 
432 
26,736 
30,641 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
432 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,289 
549 
Trade creditors
24,734 
6,584 
Taxes and social security
3,709 
3,545 
Loans from directors
12,296 
10,832 
Accruals
- 
3,000 
42,028 
24,510 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,902 
- 
Other creditors
3,250 
2,550 
5,152 
2,550 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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