Micro-entity Accounts - OTAS LIVE LTD

OTAS LIVE LTD Registered Number SC755102

Micro-entity Balance Sheet as at 31 January 2026

	2026	2025
	£	£
Called up share capital not paid	1	1
Fixed Assets	-	-
Current Assets	139,531	108,601
Creditors: amounts falling due within one year	(77,451)	(59,689)
Net current assets (liabilities)	62,080	48,912
Total assets less current liabilities	62,081	48,913
Creditors: amounts falling due after more than one year	0	0
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	62,081	48,913
Capital and reserves	62,081	48,913

For the year ending 31 January 2026 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 October 2026

And signed on their behalf by:
Kristofer Dailly, Director

Footnotes:

Guarantees
The Corporation Tax returns for the periods ended 11 January 2024 and 31 January 2024 did not include s455 tax of £17,392. That tax is included in creditors. HMRC may charge a penalty of up to 30% of it, which is £5,218. The penalty may be reduced to nil because the company told HMRC before any enquiry, so no provision is made. Corporation Tax for those periods is included at the £12,551 shown by HMRC. Kilo Delta Rmoss (UK) Ltd, a company controlled by the director, was an associated company in those periods, so HMRC may increase that tax by an estimated £1,600, plus interest. The company also expects to pay Class 1A National Insurance of about £1,070, plus interest, on the director's interest free loan for the tax years ending 5 April 2023 to 5 April 2026. It is not provided because it is not material, and it will be charged when the returns are filed. There are no other financial commitments, guarantees or contingencies.

Advances and credits
Kristofer Dailly owed the company £107,376.92 at 1 February 2025. In the year £40,441.48 was advanced and £13,041.91 repaid or credited. He owed £134,776.49 at 31 January 2026. No interest was charged and no amounts were written off or waived. The loan is unsecured with no fixed repayment terms.

OTAS LIVE LTD Registered Number SC755102

Notes to the Micro-entity Accounts for the period ended 31 January 2026

1Employees

	2026	2025
Average number of employees during the period	1	1

2Accounting Policies

Basis of measurement and preparation of accounts
The comparative figures for the year ended 31 January 2025 have been restated to correct an error in the director's loan account and the related Corporation Tax, s455 tax and HMRC late payment interest.