Abbreviated Company Accounts - ON TECHNICAL SERVICES LIMITED

ON TECHNICAL SERVICES LIMITED - Company Information

08106646 ON TECHNICAL SERVICES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 08106646 2013-06-01 2014-05-31 08106646 2014-05-31 08106646 2013-05-31 08106646 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08106646 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 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 08106646

ON TECHNICAL SERVICES LIMITED

Abbreviated Accounts

31 May 2014

ON TECHNICAL SERVICES LIMITED Registered Number 08106646

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	334	667
Tangible assets	3	876	5,324
		1,210	5,991
Current assets
Debtors		16,105	13,045
Cash at bank and in hand		3,702	149
		19,807	13,194
Creditors: amounts falling due within one year		(21,889)	(15,121)
Net current assets (liabilities)		(2,082)	(1,927)
Total assets less current liabilities		(872)	4,064
Total net assets (liabilities)		(872)	4,064
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(972)	3,964
Shareholders' funds		(872)	4,064

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 27 February 2015

And signed on their behalf by:
Mr O D Needham, Director

ON TECHNICAL SERVICES LIMITED Registered Number 08106646

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling due within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Fixtures, fittings and equipment - 33% straight line
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.

2Intangible fixed assets

	£
Cost
At 1 June 2013	1,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	1,000
Amortisation
At 1 June 2013	333
Charge for the year	333
On disposals	-
At 31 May 2014	666
Net book values
At 31 May 2014	334
At 31 May 2013	667

3Tangible fixed assets

	£
Cost
At 1 June 2013	7,067
Additions	192
Disposals	(5,750)
Revaluations	-
Transfers	-
At 31 May 2014	1,509
Depreciation
At 1 June 2013	1,743
Charge for the year	328
On disposals	(1,438)
At 31 May 2014	633
Net book values
At 31 May 2014	876
At 31 May 2013	5,324

4Called Up Share Capital
Allotted, called up and fully paid:

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