Oratech Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05141167 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Oratech Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Mr Ashok Chandra Panigrahi

SECRETARY:

Mrs Neera Tiwari

REGISTERED OFFICE:

Bridge House

9 -13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

05141167 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

3,568

3,198

CURRENT ASSETS

Debtors

5

10,978

7,813

Cash at bank and in hand

92,870

71,891

103,848

79,704

CREDITORS

Amounts falling due within one year

6

12,753

6,796

NET CURRENT ASSETS

91,095

72,908

TOTAL ASSETS LESS CURRENT LIABILITIES

94,663

76,106

CAPITAL AND RESERVES

Called up share capital

7

5

5

Retained earnings

8

94,658

76,101

SHAREHOLDERS' FUNDS

94,663

76,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 18 December 2019 and were signed by:

Mr Ashok Chandra Panigrahi - Director

1.	STATUTORY INFORMATION

Oratech Solutions 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

Revenue 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 and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

7,996

634

8,630

Additions

-

1,559

1,559

At 31 March 2019

7,996

2,193

10,189

DEPRECIATION

At 1 April 2018

5,066

366

5,432

Charge for year

732

457

1,189

At 31 March 2019

5,798

823

6,621

NET BOOK VALUE

At 31 March 2019

2,198

1,370

3,568

At 31 March 2018

2,930

268

3,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

5,978

7,813

Investment

5,000

-

10,978

7,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Corporation tax

6,008

-

Value added tax

5,163

5,574

Directors' current accounts

932

572

Accrued expenses

650

650

12,753

6,796

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

Ordinary

£5

5

5

8.

RESERVES

Retained

earnings

£

At 1 April 2018

76,101

Profit for the year

54,557

Dividends

(36,000

)

At 31 March 2019

94,658

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to be

filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................