Ohanahair Limited Filleted accounts for Companies House (small and micro)
Ohanahair Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07391555
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FOR THE YEAR ENDED |
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STATEMENT OF FINANCIAL POSITION |
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2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
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Intangible assets |
5 |
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Tangible assets |
6 |
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------- |
------- |
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CURRENT ASSETS
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Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
8 |
(
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(
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NET CURRENT ASSETS/(LIABILITIES) |
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(
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------- |
------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS
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Taxation including deferred tax |
(
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(
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------- |
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NET ASSETS |
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CAPITAL AND RESERVES
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Called up share capital |
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Profit and loss account |
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------- |
------- |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 October 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07391555
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MAY 2019
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Bolling Road, Ilkley, LS29 8PN.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fixtures & Fittings |
- |
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Computer Equipment |
- |
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Stocks
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all its financial liabilities.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
2
(2018:
2
).
5.
INTANGIBLE ASSETS
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Goodwill |
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£ |
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Cost |
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At 1 June 2018 and 31 May 2019 |
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------- |
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Amortisation |
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At 1 June 2018 |
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Charge for the year |
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------- |
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At 31 May 2019 |
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------- |
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Carrying amount |
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At 31 May 2019 |
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------- |
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At 31 May 2018 |
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------- |
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6.
TANGIBLE ASSETS
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Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 June 2018 |
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Additions |
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– |
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At 31 May 2019 |
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Depreciation |
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At 1 June 2018 |
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Charge for the year |
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-------- |
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At 31 May 2019 |
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Carrying amount |
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At 31 May 2019 |
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– |
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At 31 May 2018 |
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7.
DEBTORS
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2019 |
2018 |
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£ |
£ |
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Other debtors |
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8.
CREDITORS:
amounts falling due within one year
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2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Other creditors |
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-------- |
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