Open Automation Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08090793 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2020

FOR

OPEN AUTOMATION CONSULTANTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Toon

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

08090793 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

4

4,390

1,909

CURRENT ASSETS

Debtors

5

-

2,600

Cash at bank

190,469

167,021

190,469

169,621

CREDITORS

Amounts falling due within one year

6

27,556

30,096

NET CURRENT ASSETS

162,913

139,525

TOTAL ASSETS LESS CURRENT LIABILITIES

167,303

141,434

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

167,203

141,334

SHAREHOLDERS' FUNDS

167,303

141,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th August 2020 and were signed by:

K Toon - Director

1.	STATUTORY INFORMATION

Open Automation Consultants Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2019

4,808

Additions

3,453

At 31st May 2020

8,261

DEPRECIATION

At 1st June 2019

2,899

Charge for year

972

At 31st May 2020

3,871

NET BOOK VALUE

At 31st May 2020

4,390

At 31st May 2019

1,909

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

-

2,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

2,143

160

Taxation and social security

23,247

27,974

Other creditors

2,166

1,962

27,556

30,096

7.	ULTIMATE CONTROLLING PARTY

The controlling party is K Toon.