Company Registration No. 12680337 (England and Wales)
Octane Solutions Ltd
Unaudited accounts
for the period from 18 June 2020 to 30 June 2021
Octane Solutions Ltd
Unaudited accounts
Contents
Octane Solutions Ltd
Company Information
for the period from 18 June 2020 to 30 June 2021
Director
STEWART, Gary Mark
Company Number
12680337 (England and Wales)
Registered Office
4 APARTMENT
4 STOCKWELL PARK WALK
LONDON
SW9 0FF
ENGLAND
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Octane Solutions Ltd
Accountants' report
Accountants' report to the director of Octane Solutions Ltd on the preparation of the unaudited statutory accounts for the period from 18 June 2020 to 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Octane Solutions Ltd for the period from
18 June 2020 to
30 June 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Octane Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Octane Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Octane Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Octane Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Octane Solutions Ltd. You consider that Octane Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Octane Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
30 March 2022
Octane Solutions Ltd
Statement of financial position
as at
30 June 2021
Cash at bank and in hand
85
Creditors: amounts falling due within one year
(7,368)
Net current liabilities
(7,245)
Total assets less current liabilities
(6,810)
Creditors: amounts falling due after more than one year
(5,298)
Called up share capital
5
Profit and loss account
(12,113)
Shareholders' funds
(12,108)
For the period ending 30 June 2021 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 30 March 2022 and were signed on its behalf by
STEWART, Gary Mark
Director
Company Registration No. 12680337
Octane Solutions Ltd
Notes to the Accounts
for the period from 18 June 2020 to 30 June 2021
Octane Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12680337. The registered office is 4 APARTMENT, 4 STOCKWELL PARK WALK, LONDON, SW9 0FF, ENGLAND.
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 been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The shareholders of the company will continue to finance the overheads of the company until the company is in a profit making position. It is anticipated that the company will be making profit in the foreseeable future.
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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
145
Octane Solutions Ltd
Notes to the Accounts
for the period from 18 June 2020 to 30 June 2021
5
Debtors: amounts falling due within one year
2021
6
Creditors: amounts falling due within one year
2021
7
Creditors: amounts falling due after more than one year
2021
Loans from directors
5,298
8
Average number of employees
During the period the average number of employees was 0.