Occhio.cc Ltd
Occhio.cc Ltd
Registered number: 13728147
Unaudited Financial Statements
For the Period
8 November 2021
to
30 November 2022
TaxAssist Barnstaple
Occhio.cc Ltd
Unaudited Financial Statements
For the Period
8 November 2021
to
30 November 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Occhio.cc Ltd
Balance Sheet
As at
30 November 2022
Balance Sheet
Registered number:
13728147
For the period ending 30 November 2022 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
30 November 2022 | |||
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Notes | £ | £ | |
CURRENT ASSETS | |||
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||
Called up share capital | 6 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (10,369) | ||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 2 to 3 form part of these financial statements.
Occhio.cc Ltd
Notes to the Financial Statements
For the Period
8 November 2021
to
30 November 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, therefore the financial statements have been drawn up on the going concern basis.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
3.
Stocks
30 November 2022 | |
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£ | |
Stock - materials and work in progress |
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4.
Debtors
30 November 2022 | |
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£ | |
Due within one year | |
Trade debtors |
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Prepayments and accrued income |
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VAT |
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Occhio.cc Ltd
Notes to the Financial Statements (continued)
For the Period
8 November 2021
to
30 November 2022
5.
Creditors: Amounts Falling Due Within One Year
30 November 2022 | |
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£ | |
Trade creditors |
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Bank loans and overdrafts |
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Other loans |
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Other creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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7.
General Information
Occhio.cc Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13728147
. The registered office is Unit 4 Buzzard Court, Mullacott Cross Industrial Estate, Ilfracombe, EX34 8PX.