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Registered number: 10467414

Otero Door Specialists Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024

Prepared By:
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Otero Door Specialists Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
Lee Otero
REGISTERED OFFICE
4 Hops Kiln
Cemetery Lane
Hadlow
Tonbridge
TN11 0LT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10467414
BANKERS
Barclays
ACCOUNTANTS
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Otero Door Specialists Limited

ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Otero Door Specialists Limited

BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3198,362195,698
CURRENT ASSETS
Stock15,18515,185
Debtors5298,350304,314
Current Asset Investments649,325-
Cash at bank and in hand114,24756,860
477,107376,359
CREDITORS: Amounts falling due within one year7322,554348,591
NET CURRENT ASSETS154,55327,768
TOTAL ASSETS LESS CURRENT LIABILITIES352,915223,466
CREDITORS: Amounts falling due after more than one year830,04718,950
NET ASSETS322,868204,516
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account322,867204,515
SHAREHOLDERS' FUNDS322,868204,516
For the year ending 30/11/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/06/2025 and signed on their behalf by
.............................
Lee Otero
Director

Otero Door Specialists Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
Commercial Vehicles %
Equipment %
Motor Cars %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees99

Otero Door Specialists Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentMotor CarsTotal
£££££
Cost
At 01/12/2023-187,43122,67256,529266,632
Additions9,54063,757--73,297
At 30/11/20249,540251,18822,67256,529339,929
Depreciation
At 01/12/2023-36,01322,22112,70070,934
For the year2,42449,366-18,84370,633
At 30/11/20242,42485,37922,22131,543141,567
Net Book Amounts
At 30/11/20247,116165,80945124,986198,362
At 30/11/2023-151,41845143,829195,698
4. STOCK 20242023
££
Stock comprises:
Stock15,18515,185
15,18515,185
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors198,460215,156
Other debtors4,9484,948
203,408220,104
Amounts falling due over more than one year
Long term debtor94,94284,210
94,94284,210
298,350304,314

Otero Door Specialists Limited

6. CURRENT ASSET INVESTMENTS
20242023
££
Listed investments - UK49,325-
49,325-
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax58,0554,796
VAT26,66840,291
Directors current account12,44235,738
Trade creditors197,068250,172
Other creditors28,32117,594
322,554348,591
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr30,04718,950
30,04718,950
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £.1 each11
11
New shares issued during period:
10 Ordinary shares of £.1 each11