Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06910694 Mr P MacLennan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06910694 2023-12-31 06910694 2024-12-31 06910694 2024-01-01 2024-12-31 06910694 frs-core:CurrentFinancialInstruments 2024-12-31 06910694 frs-core:MotorVehicles 2024-12-31 06910694 frs-core:MotorVehicles 2024-01-01 2024-12-31 06910694 frs-core:MotorVehicles 2023-12-31 06910694 frs-core:PlantMachinery 2024-12-31 06910694 frs-core:PlantMachinery 2024-01-01 2024-12-31 06910694 frs-core:PlantMachinery 2023-12-31 06910694 frs-core:ShareCapital 2024-12-31 06910694 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06910694 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06910694 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06910694 frs-bus:SmallEntities 2024-01-01 2024-12-31 06910694 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06910694 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06910694 frs-bus:Director1 2024-01-01 2024-12-31 06910694 frs-countries:EnglandWales 2024-01-01 2024-12-31 06910694 2022-12-31 06910694 2023-12-31 06910694 2023-01-01 2023-12-31 06910694 frs-core:CurrentFinancialInstruments 2023-12-31 06910694 frs-core:ShareCapital 2023-12-31 06910694 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06910694
OTL Automotive Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06910694
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,969 17,399
13,969 17,399
CURRENT ASSETS
Stocks 5 163,984 163,984
Debtors 6 4,940 5,765
Cash at bank and in hand 855 136
169,779 169,885
Creditors: Amounts Falling Due Within One Year 7 (344,388 ) (327,963 )
NET CURRENT ASSETS (LIABILITIES) (174,609 ) (158,078 )
TOTAL ASSETS LESS CURRENT LIABILITIES (160,640 ) (140,679 )
NET LIABILITIES (160,640 ) (140,679 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (161,640 ) (141,679 )
SHAREHOLDERS' FUNDS (160,640) (140,679)
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P MacLennan
Director
26/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
OTL Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06910694 . The registered office is 1b Yukon Road, Unit B (Ground Floor), London, SW12 9PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 10% to 25% on cost
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 7,020 20,255 27,275
As at 31 December 2024 7,020 20,255 27,275
Depreciation
As at 1 January 2024 1,775 8,101 9,876
Provided during the period 1,404 2,026 3,430
As at 31 December 2024 3,179 10,127 13,306
Net Book Value
As at 31 December 2024 3,841 10,128 13,969
As at 1 January 2024 5,245 12,154 17,399
5. Stocks
2024 2023
£ £
Finished goods 163,984 163,984
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,402 4,402
Other debtors 515 516
VAT 23 847
4,940 5,765
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,606 6,456
Other creditors 337,782 321,507
344,388 327,963
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
P R MacLennan is an director OTL Automotive Limited.
Oceania Trading Ltd with common shareholders of OTL Automotive Ltd. The amount due to Oceania Trading Limited amounted to £343,115 as at 31 December 2024 (£327,840 - 31 December 2023)
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