OKARITO (UK) LIMITED

OKARITO (UK) LIMITED

OKARITO (UK) LIMITED - Company Information

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OKARITO (UK) LIMITED

Company Registration Number:
04237128 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

OKARITO (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

OKARITO (UK) LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 8,059 6,035
Total fixed assets: 8,059 6,035
Current assets
Debtors: 3 509,811 307,219
Cash at bank and in hand: 316,926 531,500
Total current assets: 826,737 838,719
Creditors: amounts falling due within one year: 4 (99,805) (108,578)
Net current assets (liabilities): 726,932 730,141
Total assets less current liabilities: 734,991 736,176
Total net assets (liabilities): 734,991 736,176
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 733,991 735,176
Shareholders funds: 734,991 736,176

The notes form part of these financial statements

OKARITO (UK) LIMITED

Balance sheet statements

For the year ending 31 October 2017 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 30 September 2018
and signed on behalf of the board by:

Name: David Young
Status: Director

The notes form part of these financial statements

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

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

Turnover policy

Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant and Machinery - 25% reducing balance.

Other accounting policies

Dividends paid during the year were £28,800 paid to David Young who is the director and principal shareholder.

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Tangible Assets

Total
Cost £
At 01 November 2016 45,349
Additions 4,710
At 31 October 2017 50,059
Depreciation
At 01 November 2016 39,314
Charge for year 2,686
At 31 October 2017 42,000
Net book value
At 31 October 2017 8,059
At 31 October 2016 6,035

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Debtors

Trade Debtors: £452,000. Other Debtors: £57811

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Creditors: amounts falling due within one year note

Director's Loan: £2905. Corporation Tax: £4957. Other taxes and social security costs: £89776. Other Creditors: £2168

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

5. Loans to directors

Name of director receiving advance or credit: David Young
Description of the loan: Directors Loan Account
£
Balance at 01 November 2016 23,147
Advances or credits repaid: 23,147
Balance at 31 October 2017 0

OKARITO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

6. Related party transactions

Name of the related party: Replay Ltd
Relationship:
The director and principal shareholder of Okarito (UK) Ltd is the son of the director and principal shareholder of Replay Ltd.
Description of the Transaction: During the year Okarito (UK) Ltd invoiced Replay Ltd £575000.
£
Balance at 01 November 2016 222,000
Balance at 31 October 2017 452,000
Name of the related party: Laurent Despax-Combe
Relationship:
Spouse of the Director and Principal Shareholder of Okarito (UK) Ltd
Description of the Transaction: Included in 'Other Debtors' is the sum of £ 42240. Which is monies loaned to Laurent Despax-Combe.
£
Balance at 01 November 2016 44,000
Balance at 31 October 2017 44,000