ONLINE TECH SUPPLIES LTD 30/04/2023 iXBRL
ONLINE TECH SUPPLIES LTD 30/04/2023 iXBRL
Company registration number:
11596805
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Statement of financial position
30 April 2023
30/04/23 | 31/10/21 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
30 May 2024
, and are signed on behalf of the board by:
Director
Company registration number:
11596805
Notes to the financial statements
Period ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 1, Avad House, Belvue Road, Northolt, UB5 5HY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
At the balance sheet date, the financial statement show that the company has liabilities in excess of assets of £103,834 (2021: £108,563) as a result of losses made to date. The financial statements have been prepared on a going concern basis as the director has confirmed that he will continue to support the company for the foreseeable future and meet the excess liabilities if the company is unable to do so.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Research and development
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment | - |
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Fixtures & Fittings | - |
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Impairment
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2021:
1
).
5.
Tangible assets
Computer equipment | Fixtures and fittings | Total | ||
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Cost | ||||
At 1 November 2021 and 30 April 2023 |
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Depreciation | ||||
At 1 November 2021 |
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Charge for the year |
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At 30 April 2023 |
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Carrying amount | ||||
At 30 April 2023 |
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At 31 October 2021 |
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6.
Debtors
30/04/23 | 31/10/21 | |||
£ | £ | |||
Trade debtors | - |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest | - |
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Other debtors |
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7.
Creditors: amounts falling due within one year
30/04/23 | 31/10/21 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
30/04/23 | 31/10/21 | |||
£ | £ | |||
Bank loans and overdrafts |
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9.
Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company: | |||||
Period ended 30/04/23 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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Year ended 31/10/21 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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10.
Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
Period | Year | Period | Year | ||
ended | ended | ended | ended | ||
30/04/23 | 31/10/21 | 30/04/23 | 31/10/21 | ||
£ | £ | £ | £ | ||
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( 13,894) |
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( 10,304) | - | - |
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