Ourtec Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09398565 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Ourtec Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Ashenden

M Dalby

REGISTERED OFFICE:

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

REGISTERED NUMBER:

09398565 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

CURRENT ASSETS

Debtors

3

1,988

2,141

Cash at bank

3

45

1,991

2,186

CREDITORS

Amounts falling due within one year

4

(4,650

)

(9,248

)

NET CURRENT LIABILITIES

(2,659

)

(7,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,659

)

(7,062

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(2,859

)

(7,262

)

SHAREHOLDERS' FUNDS

(2,659

)

(7,062

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 April 2018 and were signed on its behalf by:

C Ashenden - Director

1.	STATUTORY INFORMATION

Ourtec Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

2,141

Other debtors

1,988

-

1,988

2,141

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

138

VAT

-

400

Directors' current accounts

3,900

7,960

Accrued expenses

750

750

4,650

9,248

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2017 and

30 November 2016:

2017

2016

£

£

C Ashenden

Balance outstanding at start of year

(4,060

)

(5,006

)

Amounts advanced

6,811

3,924

Amounts repaid

(763

)

(2,978

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,988

(4,060

)

M Dalby

Balance outstanding at start of year

(3,900

)

-

Amounts advanced

-

100

Amounts repaid

-

(4,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,900

)

(3,900

)

The director has provided the company a loan, this loan is unsecured, interest free and repayable upon demand.

6.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of its directors.