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REGISTERED NUMBER: 12736228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Otis & Belle Ltd

Otis & Belle Ltd (Registered number: 12736228)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Otis & Belle Ltd

Company Information
for the year ended 31 July 2024







DIRECTOR: W R Alexander





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
GL56 0LA





REGISTERED NUMBER: 12736228 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Otis & Belle Ltd (Registered number: 12736228)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,134 74,572
Investments 5 100 100
113,234 74,672

CURRENT ASSETS
Stocks 2,609 4,000
Debtors 6 84,718 37,373
Cash at bank and in hand 4,525 7,355
91,852 48,728
CREDITORS
Amounts falling due within one year 7 102,055 42,631
NET CURRENT (LIABILITIES)/ASSETS (10,203 ) 6,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,031

80,769

CREDITORS
Amounts falling due after more than one
year

8

(50,284

)

(42,862

)

PROVISIONS FOR LIABILITIES (20,712 ) (9,210 )
NET ASSETS 32,035 28,697

Otis & Belle Ltd (Registered number: 12736228)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,935 28,597
32,035 28,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





W R Alexander - Director


Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Otis & Belle Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in accordance with the property
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 21 ) .

Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 10,992 41,873 36,167
Additions - 45,975 528
At 31 July 2024 10,992 87,848 36,695
DEPRECIATION
At 1 August 2023 6,597 9,266 20,592
Charge for year 2,199 7,858 4,026
At 31 July 2024 8,796 17,124 24,618
NET BOOK VALUE
At 31 July 2024 2,196 70,724 12,077
At 31 July 2023 4,395 32,607 15,575

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 31,263 1,733 122,028
Additions 14,963 634 62,100
At 31 July 2024 46,226 2,367 184,128
DEPRECIATION
At 1 August 2023 9,285 1,716 47,456
Charge for year 9,235 220 23,538
At 31 July 2024 18,520 1,936 70,994
NET BOOK VALUE
At 31 July 2024 27,706 431 113,134
At 31 July 2023 21,978 17 74,572

Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 - 18,999 18,999
Additions 41,299 14,963 56,262
At 31 July 2024 41,299 33,962 75,261
DEPRECIATION
At 1 August 2023 - 4,750 4,750
Charge for year 4,130 7,303 11,433
At 31 July 2024 4,130 12,053 16,183
NET BOOK VALUE
At 31 July 2024 37,169 21,909 59,078
At 31 July 2023 - 14,249 14,249

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227 27,391
Other debtors 84,491 9,982
84,718 37,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 14,315 6,158
Trade creditors 18,973 7,995
Taxation and social security 28,708 16,535
Other creditors 40,059 11,943
102,055 42,631

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 50,284 12,862
Other creditors - 30,000
50,284 42,862

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,315 6,158
Between one and five years 50,284 12,862
64,599 19,020

Otis & Belle Ltd (Registered number: 12736228)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,000 14,000
Between one and five years - 14,000
14,000 28,000

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,500 (2023 - £10,000) were paid to the director .

Included within creditors is a director's current account in the sum of £10,576 (2023: £35,388). The account is unsecured, interest free and carries no fixed date of repayment.

Also included within creditors: amounts falling due within one year is a loan provided by Otis & Belle Broadway Limited a company in which the director has an interest, in the sum of £25,250 (2023: £nil). The loan is unsecured, interest free and carries no fixed date of repayment.

Included within debtors: amounts falling due within one year is a loan provided to Otis & Belle Bakeries Limited a company in which the director has an interest, in the sum of £61,609 (2023: £1,570 creditor). The loan is unsecured, interest free and carries no fixed date of repayment.

Also included within debtors: amounts falling due within one year is a loan provided to Otis & Belle Stow Limited a company in which the director has an interest, in the sum of £14,282 (2023: £4,889). The loan is unsecured, interest free and carries no fixed date of repayment.