Company Registration No. 07743498 (England and Wales)
OVM CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2016
OVM CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
OVM CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
4,752
Tangible assets
2
-
4,965
-
9,717
Current assets
Debtors
-
5,584
Cash at bank and in hand
-
3,069
-
8,653
Creditors: amounts falling due within one year
(33,884)
(3,418)
Net current liabilities/(assets)
(33,884)
5,235
Total assets less current liabilities
(33,884)
14,952
Provisions for liabilities
-
(993)
(33,884)
13,959
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(33,885)
13,958
Shareholders' funds
(33,884)
13,959
For the financial period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 24 June 2016
Mr R Keshri
Director
Company Registration No. 07743498
OVM CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 29 FEBRUARY 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 April 2008).
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 services.
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:
Computer equipment
33% Straight line
Fixtures, fittings & equipment
15% Reducing balance
Development costs
20% Straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014
5,940
8,491
14,431
Disposals
(5,940)
(8,491)
(14,431)
At 29 February 2016
-
-
-
Depreciation
At 1 September 2014
1,188
3,526
4,714
On disposals
(2,970)
(6,163)
(9,133)
Charge for the period
1,782
2,637
4,419
At 29 February 2016
-
-
-
Net book value
At 29 February 2016
-
-
-
At 31 August 2014
4,752
4,965
9,717
OVM CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2016
- 3 -
3
Share capital
2016
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1