Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01falseThe principal activity of the company continued to be that of fish curing, wholesale and retailing of fish and fish products2022truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01928166 2023-11-01 2024-10-31 01928166 2022-11-01 2023-10-31 01928166 2024-10-31 01928166 2023-10-31 01928166 1 2023-11-01 2024-10-31 01928166 d:Director2 2023-11-01 2024-10-31 01928166 d:Director3 2023-11-01 2024-10-31 01928166 c:PlantMachinery 2023-11-01 2024-10-31 01928166 c:PlantMachinery 2024-10-31 01928166 c:PlantMachinery 2023-10-31 01928166 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01928166 c:FurnitureFittings 2023-11-01 2024-10-31 01928166 c:FurnitureFittings 2024-10-31 01928166 c:FurnitureFittings 2023-10-31 01928166 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01928166 c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01928166 c:CurrentFinancialInstruments 2024-10-31 01928166 c:CurrentFinancialInstruments 2023-10-31 01928166 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 01928166 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 01928166 c:ShareCapital 2024-10-31 01928166 c:ShareCapital 2023-10-31 01928166 c:SharePremium 2024-10-31 01928166 c:SharePremium 2023-10-31 01928166 c:CapitalRedemptionReserve 2024-10-31 01928166 c:CapitalRedemptionReserve 2023-10-31 01928166 c:RetainedEarningsAccumulatedLosses 2024-10-31 01928166 c:RetainedEarningsAccumulatedLosses 2023-10-31 01928166 d:OrdinaryShareClass1 2023-11-01 2024-10-31 01928166 d:OrdinaryShareClass1 2024-10-31 01928166 d:FRS102 2023-11-01 2024-10-31 01928166 d:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 01928166 d:FullAccounts 2023-11-01 2024-10-31 01928166 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01928166 2 2023-11-01 2024-10-31 01928166 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 01928166 (England and Wales)







O. T. (SMOKED SALMON) LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE


 
O. T. (SMOKED SALMON) LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF O. T. (SMOKED SALMON) LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of O. T. (SMOKED SALMON) LIMITED for the year ended 31 October 2024 which comprise  the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of O. T. (SMOKED SALMON) LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of O. T. (SMOKED SALMON) LIMITED and state those matters that we have agreed to state to the Board of directors of O. T. (SMOKED SALMON) LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O. T. (SMOKED SALMON) LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that O. T. (SMOKED SALMON) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of O. T. (SMOKED SALMON) LIMITED. You consider that O. T. (SMOKED SALMON) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of O. T. (SMOKED SALMON) LIMITED. 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 financial statements.

  


Riordan O'Sullivan & Co.
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
23 June 2025
Page 1


 
O. T. (SMOKED SALMON) LIMITED
REGISTERED NUMBER:01928166

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,139
44,845

  
36,139
44,845

Current assets
  

Stocks
  
69,970
65,122

Debtors
 5 
329,250
297,470

Cash at bank and in hand
  
273,773
259,866

  
672,993
622,458

Creditors: amounts falling due within one year
 6 
(261,015)
(185,970)

Net current assets
  
 
 
411,978
 
 
436,488

Total assets less current liabilities
  
448,117
481,333

  

Net assets
  
448,117
481,333


Capital and reserves
  

Called up share capital 
 7 
5,000
10,000

Share premium account
  
17,500
35,000

Capital redemption reserve
  
20,000
15,000

Profit and loss account
  
405,617
421,333

  
448,117
481,333


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 profit and loss account 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 20 June 2025.


Page 2


 
O. T. (SMOKED SALMON) LIMITED
REGISTERED NUMBER:01928166
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024



___________________________
Michael Tsoukkas
___________________________
Antonakis Tsoukka
Director
Director

Page 3


 
O. T. (SMOKED SALMON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

O.T. (Smoked Salmon) Ltd is a  private  company  limited by shares  incorporated in England and Wales.   The registered office is  Unit 4, 89 Lockfield Avenue, Enfield, Middlesex, EN3 7PY 

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

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, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance method
Fixtures and fittings
-
10%
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.

  
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4


 
O. T. (SMOKED SALMON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
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

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 22).

Page 5


 
O. T. (SMOKED SALMON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
361,099
399,295
760,394


Additions
-
329
329



At 31 October 2024

361,099
399,624
760,723



Depreciation


At 1 November 2023
316,253
399,296
715,549


Charge for the year 
8,969
66
9,035



At 31 October 2024

325,222
399,362
724,584



Net book value



At 31 October 2024
35,877
262
36,139



At 31 October 2023
44,846
(1)
44,845


5.


Debtors

2024
2023
£
£



Trade debtors
310,976
272,732

Other debtors
7,019
18,144

Prepayments
11,255
6,594

329,250
297,470


Page 6


 
O. T. (SMOKED SALMON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
141,171
104,135

Corporation tax
80,792
17,219

Other taxation and social security
9,034
11,538

Other creditors
14,648
37,228

Accruals
15,370
15,850

261,015
185,970



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000  Ordinary shares of £1 each
5,000
10,000



8.


Profit and loss reserves

2024
2023
£
£



At the beginning of the year
421,333
422,978

Share buy back
(150,000)
-

Share premium sold
17,500
-

Profit for the year
236,784
58,355

Dividends
(120,000)
(60,000)

At the end of the year
405,617
421,333


9.


Post balance sheet events

There were no events since the year end which affected the company.


10.


Controlling party

Mr Michael Tsoukkas and Mr Antonakis Tsoukka both have signifciant control of the issued share capital and together they are the ultimate controllers of the company.
 
Page 7