Company Registration No. 10905437 (England and Wales)
OUI TECHNOLOGY LTD.
Unaudited accounts
for the year ended 31 December 2020
OUI TECHNOLOGY LTD.
Unaudited accounts
Contents
OUI TECHNOLOGY LTD.
Company Information
for the year ended 31 December 2020
Company Number
10905437 (England and Wales)
Registered Office
KEMP HOUSE
160 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
GENIUS CROSS LTD
35 Astbury Road
LONDON
UNITED KINGDOM
SE15 2NL
OUI TECHNOLOGY LTD.
Accountants' report
Accountants' report to the director of OUI TECHNOLOGY LTD. on the preparation of the unaudited statutory accounts for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OUI TECHNOLOGY LTD. for the year ended
31 December 2020 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 OUI TECHNOLOGY LTD., as a body, in accordance with the terms of our engagement letter dated 28 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of OUI TECHNOLOGY 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 OUI TECHNOLOGY LTD. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OUI TECHNOLOGY 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 OUI TECHNOLOGY LTD.. You consider that OUI TECHNOLOGY LTD. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OUI TECHNOLOGY 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.
GENIUS CROSS LTD
35 Astbury Road
LONDON
UNITED KINGDOM
SE15 2NL
2 June 2021
OUI TECHNOLOGY LTD.
Statement of financial position
as at
31 December 2020
Intangible assets
219,700
9,900
Tangible assets
4,187
4,187
Cash at bank and in hand
739
1,440
Creditors: amounts falling due within one year
(9,330)
(16,745)
Net current liabilities
(7,431)
(12,014)
Total assets less current liabilities
220,386
6,003
Creditors: amounts falling due after more than one year
(216,473)
-
Called up share capital
20,000
10,000
Profit and loss account
(16,087)
(3,997)
Shareholders' funds
3,913
6,003
For the year ending 31 December 2020 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 June 2021 and were signed on its behalf by
Jan Buchal
Director
Company Registration No. 10905437
OUI TECHNOLOGY LTD.
Notes to the Accounts
for the year ended 31 December 2020
OUI TECHNOLOGY LTD. is a private company, limited by shares, registered in England and Wales, registration number 10905437. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
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 remained unchanged from the previous year, and also 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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2020
220,000
At 31 December 2020
219,700
At 31 December 2019
9,900
OUI TECHNOLOGY LTD.
Notes to the Accounts
for the year ended 31 December 2020
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
3,329
858
4,187
At 31 December 2020
3,329
858
4,187
At 31 December 2020
-
-
-
At 31 December 2020
3,329
858
4,187
At 31 December 2019
3,329
858
4,187
6
Investments
Other investments
Valuation at 1 January 2020
3,930
Valuation at 31 December 2020
3,930
7
Debtors: amounts falling due within one year
2020
2019
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
3,694
-
Trade creditors
4,473
7,112
Taxes and social security
1,163
-
9
Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
16,473
-
10
Average number of employees
During the year the average number of employees was 0 (2019: 4).