Company Registration No. 09019691 (England and Wales)
Oatopia Ltd
Unaudited accounts
for the year ended 31 May 2018
Oatopia Ltd
Unaudited accounts
Contents
Oatopia Ltd
Company Information
for the year ended 31 May 2018
Directors
Peter Coleman
Tamar Coleman
Sophie Coleman
Yasmin Coleman
Company Number
09019691 (England and Wales)
Registered Office
Unit 11, G3 Business Park
Dolphin Road
Shoreham by Sea
West Sussex
BN43 6AN
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
Oatopia Ltd
Statement of financial position
as at 31 May 2018
Tangible assets
112,532
128,982
Cash at bank and in hand
15,832
8,307
Creditors: amounts falling due within one year
(140,610)
(141,580)
Net current liabilities
(94,832)
(106,378)
Called up share capital
10
10
Profit and loss account
17,690
22,594
Shareholders' funds
17,700
22,604
For the year ending 31 May 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2018.
Peter Coleman
Director
Company Registration No. 09019691
Oatopia Ltd
Notes to the Accounts
for the year ended 31 May 2018
Oatopia Ltd is a private company, limited by shares, registered in England and Wales, registration number 09019691. The registered office is Unit 11, G3 Business Park, Dolphin Road, Shoreham by Sea, West Sussex, BN43 6AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line basis
Revenue, described as turnover, is the value of goods provided to customers during the year.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present locations and condition. A "first in, first out" basis is used.
Deferred tax has been provided in respect of taxation deferred by timing differences (including fair value adjustments) between the treatment of certain items for taxation and accounting purposes except where losses are available to set against the future tax liability. A deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
Oatopia Ltd
Notes to the Accounts
for the year ended 31 May 2018
4
Tangible fixed assets
Plant & machinery
Charge for the year
16,450
Finished goods
10,500
9,634
Trade debtors
17,536
5,140
Other debtors
1,910
12,121
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
10,160
12,561
Taxes and social security
143
263
Loans from directors
127,598
127,159
8
Transactions with related parties
The loan from the directors has not been overdrawn at any time during the year. It is non interest bearing and repayable on demand.
9
Average number of employees
During the year the average number of employees was 4 (2017: 4).
