Opal Fabrication Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05230329

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Opal Fabrication Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D N Dodd

S W Dodd

SECRETARY:

D N Dodd

REGISTERED OFFICE:

Ground Floor Windmill House

127-128 Windmill Street

Gravesend

Kent

DA12 1BL

REGISTERED NUMBER:

05230329

ACCOUNTANTS:

Reynolds - Chartered Accountants

Ground Floor Windmill House

127-128 Windmill Street

Gravesend

Kent

DA12 1BL

FIXED ASSETS

Tangible assets

2

199,064

30,430

CURRENT ASSETS

Stocks

51,715

1,720

Debtors

87,729

77,638

Cash at bank

9,969

29,452

149,413

108,810

CREDITORS

Amounts falling due within one year

177,519

84,907

NET CURRENT (LIABILITIES)/ASSETS

(28,106

)

23,903

TOTAL ASSETS LESS CURRENT LIABILITIES

170,958

54,333

CREDITORS

Amounts falling due after more than one year

(145,939

)

(44,000

)

PROVISIONS FOR LIABILITIES

(19,420

)

(5,125

)

NET ASSETS

5,599

5,208

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

5,597

5,206

SHAREHOLDERS' FUNDS

5,599

5,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 May 2015 and were signed on its behalf by:

D N Dodd - Director

S W Dodd - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

77,563

Additions

180,359

At 31 August 2014

257,922

DEPRECIATION

At 1 September 2013

47,133

Charge for year

11,725

At 31 August 2014

58,858

NET BOOK VALUE

At 31 August 2014

199,064

At 31 August 2013

30,430

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2