OCUCO (UK) LIMITED

OCUCO (UK) LIMITED

OCUCO (UK) LIMITED - Company Information

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OCUCO (UK) LIMITED

Company Registration Number:
03632371 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

OCUCO (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

OCUCO (UK) LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 235 452
Investments:   0 0
Total fixed assets: 235 452
Current assets
Stocks: 6,048 0
Debtors: 4 935,189 1,705,031
Cash at bank and in hand: 18,485 22,241
Investments:   0 0
Total current assets: 959,722 1,727,272
Creditors: amounts falling due within one year: 5 (336,529) (597,438)
Net current assets (liabilities): 623,193 1,129,834
Total assets less current liabilities: 623,428 1,130,286
Creditors: amounts falling due after more than one year: 6 0 (1,153,492)
Provision for liabilities: 0 0
Total net assets (liabilities): 623,428 (23,206)
Capital and reserves
Called up share capital: 665 665
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 622,763 (23,871)
Shareholders funds: 623,428 (23,206)

The notes form part of these financial statements

OCUCO (UK) LIMITED

Balance sheet statements

For the year ending 31 August 2020 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 16 June 2021
and signed on behalf of the board by:

Name: Deirdre Hayes
Status: Director

The notes form part of these financial statements

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

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 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 havetransferred 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.

Tangible fixed assets and depreciation policy

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:If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

N/A

Valuation and information policy

N/A

Other accounting policies

Taxation: The taxation expense represents the aggregate amount of current and deferred tax recognised in thereporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by thereporting date that are expected to apply to the reversal of the timing difference.Defined contribution plans: A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and has no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 651
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 August 2020 651
Depreciation
At 01 September 2019 199
Charge for year 217
On disposals 0
Other adjustments 0
At 31 August 2020 416
Net book value
At 31 August 2020 235
At 31 August 2019 452

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Creditors: amounts falling due within one year note

2020:Trade creditors 11,473Amounts owed to grp undertakings 52,922Social security and other taxes 70,226Other creditors 201,908Total 336,5292019:Trade creditors 25,504Amounts owed to grp undertakings 356,828Social security and other taxes 43,841Other creditors 171,265Total 597,438

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

6. Creditors: amounts falling due after more than one year note

2020:Amounts owed to group undertakings NILTotal NIL2019:Amounts owed to group undertakings 1,153,492Total 1,153,492

OCUCO (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

7. Post balance sheet events

The directors are not aware of any post balance sheet events that would require adjustment to or disclosure in the financial statements.