Abbreviated Company Accounts - ONWEB SOLUTIONS LIMITED

ONWEB SOLUTIONS LIMITED - Company Information

03778790 ONWEB SOLUTIONS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03778790 2013-06-01 2014-05-31 03778790 2014-05-31 03778790 2013-05-31 03778790 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03778790 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 03778790

ONWEB SOLUTIONS LIMITED

Abbreviated Accounts

31 May 2014

ONWEB SOLUTIONS LIMITED Registered Number 03778790

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,245	1,001
		1,245	1,001
Current assets
Debtors		2,640	1,612
Cash at bank and in hand		57	8,616
		2,697	10,228
Creditors: amounts falling due within one year		(36,642)	(36,572)
Net current assets (liabilities)		(33,945)	(26,344)
Total assets less current liabilities		(32,700)	(25,343)
Total net assets (liabilities)		(32,700)	(25,343)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(32,800)	(25,443)
Shareholders' funds		(32,700)	(25,343)

For the year ending 31 May 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 February 2015

And signed on their behalf by:
Mr I C Burch, Director

ONWEB SOLUTIONS LIMITED Registered Number 03778790

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover represents amounts receivable for services net of VAT.

Tangible assets depreciation policy
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:
Office equipment 15% Reducing balance
Fixtures, fittings and equipment 25% Reducing balance
Computer equipment 33.33% Straight line
Motor vehicles 25% Reducing balance

Other accounting policies
Revenue recognition
Revenue is recognised as completed works are invoiced.

2Tangible fixed assets

	£
Cost
At 1 June 2013	12,683
Additions	713
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	13,396
Depreciation
At 1 June 2013	11,682
Charge for the year	469
On disposals	-
At 31 May 2014	12,151
Net book values
At 31 May 2014	1,245
At 31 May 2013	1,001

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mr I C Burch
Description of the transaction:	Director's loan account (credit balance)
Balance at 1 June 2013:	£ 9,134
Advances or credits made:	£ 1,781
Advances or credits repaid:	-
Balance at 31 May 2014:	£ 10,915

As at 31 May 2014 the director's loan account of Mr I C Burch showed a credit balance of £10,915 (2013 - £9,134).