OFTP Limited - Period Ending 2022-01-31

OFTP Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

OFTP Limited

(Registration number: 13135767)
Balance Sheet as at 31 January 2022

	Note	2022 £
Current assets
Cash at bank and in hand		817
Creditors: Amounts falling due within one year	4	(916)
Net liabilities		(99)
Capital and reserves
Called up share capital		1
Profit and loss account		(100)
Shareholders' deficit		(99)

For the financial period ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 August 2022 and signed on its behalf by:
 

......................................... R A McKenzie Director

OFTP Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2021 to 31 January 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Lamarsh Road
Oxford
Oxfordshire
OX2 0LD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

OFTP Limited

Notes to the Unaudited Financial Statements for the Period from 15 January 2021 to 31 January 2022

4

Creditors

Creditors: amounts falling due within one year

	2022 £
Due within one year
Other creditors	916

5	Related party transactions

Other transactions with directors

R McKenzie (director) had a loan account with the company during the period. At the balance sheet date the amount due to R McKenzie was £616.