Registered number
07444436
Otok Studio Ltd
Abbreviated Accounts
30 November 2016
Otok Studio Ltd
Registered number: 07444436
Abbreviated Balance Sheet
as at 30 November 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,551 3,941
Current assets
Debtors 2,730 10,246
Cash at bank and in hand 19,525 20,953
22,255 31,199
Creditors: amounts falling due within one year (16,518) (19,805)
Net current assets 5,737 11,394
Net assets 7,288 15,335
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 7,287 15,334
Shareholder's funds 7,288 15,335
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Richard Thompson
Director
Approved by the board on 7 December 2016
Otok Studio Ltd
Notes to the Abbreviated Accounts
for the year ended 30 November 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 December 2015 14,410
Additions 1,617
At 30 November 2016 16,027
Depreciation
At 1 December 2015 10,469
Charge for the year 4,007
At 30 November 2016 14,476
Net book value
At 30 November 2016 1,551
At 30 November 2015 3,941
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
Otok Studio Ltd 07444436 false true 2015-12-01 2016-11-30 2016-11-30 Richard Thompson 07444436 uk-bus:OrdinaryShareClass1 2015-11-30 07444436 2015-12-01 2016-11-30 07444436 uk-bus:Director40 2015-12-01 2016-11-30 07444436 uk-gaap:PlantMachinery 2015-12-01 2016-11-30 07444436 uk-gaap:MotorVehicles 2015-12-01 2016-11-30 07444436 uk-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 07444436 2016-11-30 07444436 uk-bus:OrdinaryShareClass1 2016-11-30 07444436 2015-11-30 iso4217:GBP xbrli:shares

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