Company Registration No. 04930326 (England and Wales)
OSMER BUILDING (HAMPSHIRE) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
OSMER BUILDING (HAMPSHIRE) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
OSMER BUILDING (HAMPSHIRE) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,500
7,500
Current assets
Stocks
2,000
27,730
Debtors
135,502
121,806
Cash at bank and in hand
123,951
113,011
261,453
262,547
Creditors: amounts falling due within one year
(9,774)
(33,265)
Net current assets
251,679
229,282
Total assets less current liabilities
256,179
236,782
Capital and reserves
Called up share capital
3
52
52
Profit and loss account
256,127
236,730
Shareholders' funds
256,179
236,782
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 August 2016
Mr C S Osmer
Director
Company Registration No. 04930326
OSMER BUILDING (HAMPSHIRE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
25% reducing balance
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
10,000
Disposals
(2,000)
At 30 April 2016
8,000
Depreciation
At 1 May 2015
2,500
On disposals
(625)
Charge for the year
1,625
At 30 April 2016
3,500
Net book value
At 30 April 2016
4,500
At 30 April 2015
7,500
OSMER BUILDING (HAMPSHIRE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
52 Ordinary Shares of £1 each
52
52