OTCX TRADING LIMITED

OTCX TRADING LIMITED

OTCX TRADING LIMITED - Company Information

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OTCX TRADING LIMITED

Company Registration Number:
09100686 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

OTCX TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

OTCX TRADING LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 113,091 226,184
Total fixed assets: 113,091 226,184
Current assets
Debtors: 4 1,448,165 327,007
Cash at bank and in hand: 300,648 352,046
Investments:   0 0
Total current assets: 1,748,813 679,053
Creditors: amounts falling due within one year: 5 (907,083) (369,287)
Net current assets (liabilities): 841,730 309,766
Total assets less current liabilities: 954,821 535,950
Creditors: amounts falling due after more than one year: 6 (3,332,960) (3,241,293)
Total net assets (liabilities): (2,378,139) (2,705,343)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (2,378,140) (2,705,344)
Shareholders funds: (2,378,139) (2,705,343)

The notes form part of these financial statements

OTCX TRADING LIMITED

Balance sheet statements

For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2021
and signed on behalf of the board by:

Name: Paul William Stones
Status: Director

The notes form part of these financial statements

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 22 16

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Intangible Assets

Total
Cost £
At 01 July 2020 565,463
At 30 June 2021 565,463
Amortisation
At 01 July 2020 339,279
Charge for year 113,093
At 30 June 2021 452,372
Net book value
At 30 June 2021 113,091
At 30 June 2020 226,184

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

5. Creditors: amounts falling due within one year note

£ £Trade Creditors 340,502 90,112Bank Loans & Overdrafts 100,000 200,000Corporation Tax 0 (288,276)Other taxes and social security 94,127 42,784VAT 63,132 50,546Net Wages 6,079 15,390Other Creditors 45 0Pension Payable 3,070 (60)Sales Commission Payable 4,504 294Partnership Maintenance Payable 30,686 0Accruals & Deferred Income 208,830 201,976Directors Loan Account 56,108 56,521Total 907,083 369,287

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

6. Creditors: amounts falling due after more than one year note

£ £Bank Loans 91,667 0Connected Company -OTCX Ltd 3,241,293 3,241,293Total 3,332,960 3,241,293