REGISTERED NUMBER: 09024903 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

The OT Service Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Ferry

Ms S L Shann

Ms L Leonard

REGISTERED OFFICE:

8 Linnet Court

Cawledge Business Park

Alnwick

Northumberland

NE66 2GD

REGISTERED NUMBER:

09024903 (England and Wales)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

3

23,802

24,189

CURRENT ASSETS

Stocks

120,239

-

Debtors

4

143,732

179,975

Cash at bank

60,749

286,422

324,720

466,397

CREDITORS

Amounts falling due within one year

5

69,988

159,021

NET CURRENT ASSETS

254,732

307,376

TOTAL ASSETS LESS CURRENT LIABILITIES

278,534

331,565

PROVISIONS FOR LIABILITIES

6,000

6,000

NET ASSETS

272,534

325,565

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

272,434

325,465

272,534

325,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

A Ferry - Director

Ms L Leonard - Director

Ms S L Shann - Director

1.	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.

Home Office

-

10% on cost

Fixtures, Fittings & Equipment

-

10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 8 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures,

Home

Fittings

Office

& Equipment

Totals

£

£

£

COST

At 1 May 2024

16,683

23,404

40,087

Additions

-

5,211

5,211

Disposals

-

(1,249

)

(1,249

)

At 30 April 2025

16,683

27,366

44,049

DEPRECIATION

At 1 May 2024

11,678

4,220

15,898

Charge for year

1,669

2,763

4,432

Eliminated on disposal

-

(83

)

(83

)

At 30 April 2025

13,347

6,900

20,247

NET BOOK VALUE

At 30 April 2025

3,336

20,466

23,802

At 30 April 2024

5,005

19,184

24,189

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

139,409

167,638

Other debtors

4,323

12,337

143,732

179,975

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade creditors

36,714

1,449

Taxation and social security

27,339

154,422

Other creditors

5,935

3,150

69,988

159,021

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30/4/25

30/4/24

£

£

A Ferry

Balance outstanding at start of year

-

6,048

Amounts repaid

-

(6,048

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Ms S L Shann

Balance outstanding at start of year

-

(635

)

Amounts advanced

-

635

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Ms C E Sheehan

Balance outstanding at start of year

-

(21,611

)

Amounts advanced

-

21,611

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-