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REGISTERED NUMBER: 08427422 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OT NEURO LTD

OT NEURO LTD (REGISTERED NUMBER: 08427422)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OT NEURO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: P Morris





REGISTERED OFFICE: 95 Grove Road
Hitchin
Hertfordshire
SG5 1SQ





REGISTERED NUMBER: 08427422 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

OT NEURO LTD (REGISTERED NUMBER: 08427422)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,869 25,269

CURRENT ASSETS
Debtors 5 38,768 21,115
Cash at bank 47,680 84,895
86,448 106,010
CREDITORS
Amounts falling due within one year 6 33,234 29,624
NET CURRENT ASSETS 53,214 76,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,083

101,655

CREDITORS
Amounts falling due after more than one year 7 - (2,917 )

PROVISIONS FOR LIABILITIES (3,585 ) (4,801 )
NET ASSETS 68,498 93,937

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 68,497 93,936
SHAREHOLDERS' FUNDS 68,498 93,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 June 2025 and were signed by:





P Morris - Director


OT NEURO LTD (REGISTERED NUMBER: 08427422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

OT Neuro 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 represents gross fees charged and expenses incurred for services provided to clients. As all work is invoiced on a monthly basis, the revenue recognised in the accounts on the basis of invoices raised accounts for all revenue which the company has an unconditional right to receive as at balance sheet date.

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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

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.

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 2 (2024 - 2 ) .

OT NEURO LTD (REGISTERED NUMBER: 08427422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 46,429
DEPRECIATION
At 1 April 2024 21,160
Charge for year 6,400
At 31 March 2025 27,560
NET BOOK VALUE
At 31 March 2025 18,869
At 31 March 2024 25,269

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 44,090
DEPRECIATION
At 1 April 2024 19,806
Charge for year 6,071
At 31 March 2025 25,877
NET BOOK VALUE
At 31 March 2025 18,213
At 31 March 2024 24,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 37,962 20,253
Prepayments 806 862
38,768 21,115

OT NEURO LTD (REGISTERED NUMBER: 08427422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 2,917 5,649
Trade creditors 11,441 10,380
Tax 13,668 8,673
Social security and other taxes 209 223
Other creditors 921 921
Directors' current accounts 1,978 1,978
Accruals and deferred income 2,100 1,800
33,234 29,624

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 2,917

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £1,978 (2024: £1,978) due to the director. This is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £72,200 (2024: £44,400) were paid to the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Morris.

The ultimate controlling party is P Morris due to his 100% shareholding in the ordinary shares of the company.