OSETEX LIMITED - Filleted accounts

OSETEX LIMITED - Filleted accounts

EMIRALI UK LIMITED - Company Information

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Registered number
06175964
OSETEX LIMITED
Filleted Accounts
31 March 2019
OSETEX LIMITED
Registered number: 06175964
Balance Sheet
as at 31 March 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 18 24
Current assets
Stocks 8,695 6,800
Debtors 3 224,606 430,465
Cash at bank and in hand 707,220 120,662
940,521 557,927
Creditors: amounts falling due within one year 4 (804,357) (412,998)
Net current assets 136,164 144,929
Net assets 136,182 144,953
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 135,182 143,953
Shareholders' funds 136,182 144,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ronald Palmer
Director
Approved by the board on 9 July 2019
OSETEX LIMITED
Notes to the Accounts
for the year ended 31 March 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipment 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets
Office Equipment
£
Cost
At 1 April 2018 433
At 31 March 2019 433
Depreciation
At 1 April 2018 409
Charge for the year 6
At 31 March 2019 415
Net book value
At 31 March 2019 18
At 31 March 2018 24
3 Debtors 2019 2018
£ £
Trade debtors 1,961 208,475
Other debtors 222,645 221,990
224,606 430,465
4 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 788,987 398,345
Taxation and social security costs 90 -
Other creditors 15,280 14,653
804,357 412,998
5 Other information
OSETEX LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Kalamu House
11 Coldbath Square
London
EC1R 5HL
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