OTTY LIMITED - Accounts


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Registered Number: 09776205


 

 

 

OTTY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2019

End date: 30 September 2020
 
 
Notes
 
2020
£
Current assets    
Cash at bank and in hand 3,673 
Creditors: amount falling due within one year (632)
Net current assets 3,041 
 
Total assets less current liabilities 3,041 
Net assets 3,041 
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account 2,941 
Shareholders funds 3,041 
 


For the year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 March 2021 and were signed by:


--------------------------------
Otnel Valentin Popovici
Director
1
General Information
OTTY LIMITED is a private company, limited by shares, registered in , registration number 09776205, registration address 34 BRENTMEAD PLACE, LONDON ENGLAND, , NW11 9LH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
2.

Average number of employees

Average number of employees during the year was 2
2