OVENMAN_LIMITED - Accounts


Company Registration No. 05694454 (England and Wales)
OVENMAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019
PAGES FOR FILING WITH REGISTRAR
OVENMAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OVENMAN LIMITED
BALANCE SHEET
AS AT
31 JULY 2019
31 July 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,625
3,523
Current assets
Stocks
250
250
Debtors
3
15,733
1,602
Cash at bank and in hand
89
1,776
16,072
3,628
Creditors: amounts falling due within one year
4
(27,309)
(17,485)
Net current liabilities
(11,237)
(13,857)
Total assets less current liabilities
(7,612)
(10,334)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(7,613)
(10,335)
Total equity
(7,612)
(10,334)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 9 July 2020
Mr J D Hughes
Director
Company Registration No. 05694454
OVENMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019
- 2 -
1
Accounting policies
Company information

Ovenman Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Mill House, Boundary Road, Loudwater, High Wycombe, Buckinghamshire, England, HP10 9QN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Going concern

The financial statements have been prepared on a going concern basis as the director has confirmed that he will continue to provide financial support to the company.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

OVENMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2019
- 3 -
2
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 August 2018
3,313
4,200
7,513
Additions
-
1,250
1,250
At 31 July 2019
3,313
5,450
8,763
Depreciation and impairment
At 1 August 2018
2,377
1,613
3,990
Depreciation charged in the year
188
960
1,148
At 31 July 2019
2,565
2,573
5,138
Carrying amount
At 31 July 2019
748
2,877
3,625
At 31 July 2018
936
2,587
3,523
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
-
40
Other debtors
15,733
1,562
15,733
1,602
4
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
27,309
17,485
2019-07-312018-08-01false10 July 2020CCH SoftwareCCH Accounts Production 2020.100No description of principal activityMr J D Hughes056944542018-08-012019-07-31056944542019-07-31056944542018-07-3105694454core:FurnitureFittings2019-07-3105694454core:MotorVehicles2019-07-3105694454core:FurnitureFittings2018-07-3105694454core:MotorVehicles2018-07-3105694454core:CurrentFinancialInstrumentscore:WithinOneYear2019-07-3105694454core:CurrentFinancialInstrumentscore:WithinOneYear2018-07-3105694454core:CurrentFinancialInstruments2019-07-3105694454core:CurrentFinancialInstruments2018-07-3105694454core:ShareCapital2019-07-3105694454core:ShareCapital2018-07-3105694454core:RetainedEarningsAccumulatedLosses2019-07-3105694454core:RetainedEarningsAccumulatedLosses2018-07-3105694454bus:Director12018-08-012019-07-3105694454core:FurnitureFittings2018-08-012019-07-3105694454core:MotorVehicles2018-08-012019-07-3105694454core:FurnitureFittings2018-07-3105694454core:MotorVehicles2018-07-31056944542018-07-3105694454core:WithinOneYear2019-07-3105694454core:WithinOneYear2018-07-3105694454bus:PrivateLimitedCompanyLtd2018-08-012019-07-3105694454bus:SmallCompaniesRegimeForAccounts2018-08-012019-07-3105694454bus:FRS1022018-08-012019-07-3105694454bus:AuditExemptWithAccountantsReport2018-08-012019-07-3105694454bus:FullAccounts2018-08-012019-07-31xbrli:purexbrli:sharesiso4217:GBP