Accounts

OCTAVIAN TECHNICAL SERVICES LIMITED - Company Information

2020-02-01 2021-01-31 07093826 Octavian Technical Services Limited false 07093826 2020-02-01 2021-01-31 07093826 uk-bus:Director1 2020-02-01 2021-01-31 07093826 uk-bus:AuditExempt-NoAccountantsReport 2020-02-01 2021-01-31 07093826 uk-bus:SmallEntities 2020-02-01 2021-01-31 07093826 uk-bus:FullAccounts 2020-02-01 2021-01-31 07093826 uk-bus:PrivateLimitedCompanyLtd 2020-02-01 2021-01-31 07093826 2020-02-01 07093826 2021-01-31 07093826 2020-01-31 xbrli:pure iso4217:GBP 07093826 2019-02-01 2020-01-31

Company Registration Number : 07093826 (England and Wales)

Octavian Technical Services Limited

Unaudited filleted financial statements

For the year ended 31 January 2021

Octavian Technical Services Limited

Contents

For the year ended 31 January 2021

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 6

Octavian Technical Services Limited

Company Information

For the year ended 31 January 2021

Company registration number

07093826 (England and Wales)

Director

Russell John Morisco - Tarr

Registered office address

Suite 22 2Nd Floor

Winsor & Newton Building

Whitefriars Avenue

United Kingdom

HA3 5RN

Accountant

Korklin & Company

Chartered Management Accountants

Suite 22

Whitefriars Avenue Harrow

HA3 5RN

Octavian Technical Services Limited

Statement of Financial Position

For the year ended 31 January 2021

		2021	2020
	Notes	£	£
Fixed assets
Property, plant and equipment		16,852	6,766
		16,852	6,766

Current assets
Debtors		3,150	1,200
Cash and cash equivalents		33,293	30,101
		36,443	31,301

Current liabilities
Creditors: Amounts falling due within one year		(16,571)	(13,439)
Corporation tax payable		(12,808)	(12,376)
		(29,379)	(25,815)

Net current assets/(liabilities)		7,064	5,486
Total assets less current liabilities		23,916	12,252

Non-current liabilities
Creditors: Amounts falling due after more than one year		(6,109)	-
Net assets/(liabilities)		17,807	12,252

Capital and reserves
Called up share capital		100	100
Retained earnings		17,707	12,152
Shareholders' funds		17,807	12,252


For the year ended 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

Approved by the Board on 01 October 2021

.............................
Russell John Morisco - Tarr (Director)
Company registration number: 07093826

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2021-01-31 31 January 2021

	2021	2020
	£	£


Fixed Assets	0	0

Cash in Hand/Bank	33,293	30,101

Net Assets (liabilities)	17,807	12,252



Capital and Reserves	17,807	12,252
Called up share capital	100	100
Profit and loss account	17,707	12,152
SHAREHOLDER'S FUND	17,807	12,252

For the year ending 31-01-2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 01 October 2021 and signed on behalf of the board,



.............................

Russell John Morisco - Tarr
Director

Company registration number: 07093826

Octavian Technical Services Limited

Notes to the Financial Statements

For the year ended 31 January 2021

(1) General Information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Suite 22 2nd Floor, Winsor and amp; Newton Building, Whitefriars Avenue, United Kingdom, HA3 5RN.

(2) Statement of compliance

These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.

Sale of goods

Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.

Rendering of Services

Rendering of services Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Interest income

Interest income is recognised using the effective interest method.

Borrowing costs

All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land And Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment	25% reducing balance
Motor Cars	25% reducing balance

Taxation

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Employee benefits

Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees

During the year, the average number of employees including director was 2 (2020 : 2)

(5) Tangible fixed assets

	Equipment	Motor Vehicles	Totals
	£	£	£
Cost
As at 01 February 2020	21,389	12,298	33,687
Additions	3,579	15,902	19,481
Disposals	-	(12,298)	(12,298)
As at 31 January 2021	24,968	15,902	40,870
Depreciation
As at 01 February 2020	18,400	8,521	26,921
For the year	1,642	4,448	6,090
Write off on disposals	-	(8,994)	(8,994)
As at 31 January 2021	20,042	3,975	24,017
Net book value
As at 31 January 2021	4,926	11,926	16,853
As at 31 January 2020	2,989	3,777	6,766

(6) Ultimate controlling party

The directors consider that Mr R J Morisco - Tarr is the controlling party.