OSETEX LIMITED - Filleted accounts

OSETEX LIMITED - Filleted accounts

EMIRALI UK LIMITED - Company Information

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Registered number
06175964
OSETEX LIMITED
Filleted Accounts
31 March 2018
OSETEX LIMITED
Registered number: 06175964
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 24 32
Current assets
Stocks 6,800 2,860
Debtors 3 430,465 209,255
Cash at bank and in hand 120,662 198,141
557,927 410,256
Creditors: amounts falling due within one year 4 (412,998) (256,823)
Net current assets 144,929 153,433
Net assets 144,953 153,465
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 143,953 152,465
Shareholders' funds 144,953 153,465
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ronald Palmer
Director
Approved by the board on 9 October 2018
OSETEX LIMITED
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipment 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets
Office Equipment
£
Cost
At 1 April 2017 433
At 31 March 2018 433
Depreciation
At 1 April 2017 401
Charge for the year 8
At 31 March 2018 409
Net book value
At 31 March 2018 24
At 31 March 2017 32
3 Debtors 2018 2017
£ £
Trade debtors 208,475 1,961
Other debtors 221,990 207,294
430,465 209,255
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 398,345 256,633
Taxation and social security costs - 90
Other creditors 14,653 100
412,998 256,823
5 Other information
OSETEX LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
99 Grays Inn Road
London
WC1X 8TY
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