Octel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06275776 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Octel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Clouston

C M Clouston

SECRETARY:

Mrs R Clouston

REGISTERED OFFICE:

37 Beckwith Road

London

SE24 9LH

REGISTERED NUMBER:

06275776 (England and Wales)

ACCOUNTANTS:

Humm Accountancy Services Limited

19 Bowood Road

London

SW11 6PE

FIXED ASSETS

Tangible assets

4

1,212

963

CURRENT ASSETS

Cash at bank

93,308

190,659

CREDITORS

Amounts falling due within one year

5

79,690

108,236

NET CURRENT ASSETS

13,618

82,423

TOTAL ASSETS LESS CURRENT LIABILITIES

14,830

83,386

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,730

83,286

SHAREHOLDERS' FUNDS

14,830

83,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 8 November 2019 and were signed on its behalf by:

C M Clouston - Director

1.	STATUTORY INFORMATION

Octel Limited 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 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.

Fixtures, fittings & furniture 25% on cost

Computer equipment 33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

15,479

Additions

373

At 30 April 2019

15,852

DEPRECIATION

At 1 May 2018

14,516

Charge for year

124

At 30 April 2019

14,640

NET BOOK VALUE

At 30 April 2019

1,212

At 30 April 2018

963

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/19

30/4/18

£

£

Trade creditors

1,260

7,532

Taxation and social security

6,653

28,970

Other creditors

71,777

71,734

79,690

108,236

6.	RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the year.

At balance sheet date the Company owed the directors C Clouston £35,731 (2018: £37,248) and R

Clouston £36,046 (2018: £34,712). These arrangements are unsecured and interest free.

Dividend payments were made to the directors during the year: C Clouston £27,200 (2018: £27,300)

and R Clouston £27,200 (2018: £27,300)