Omega City Lifts Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03285803 (England and Wales)

OMEGA CITY LIFTS SERVICES LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Fuller

SECRETARY:

N A Fuller

REGISTERED OFFICE:

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

REGISTERED NUMBER:

03285803 (England and Wales)

ACCOUNTANTS:

C S Pomroy & Co

Chartered Accountants

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

CURRENT ASSETS

Debtors

184,823

2

Cash at bank

65,557

-

250,380

2

CREDITORS

Amounts falling due within one year

249,188

-

NET CURRENT ASSETS

1,192

2

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192

2

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

1,190

-

SHAREHOLDERS' FUNDS

1,192

2

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 director on 4 June 2015 and were signed by:

M Fuller - 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 and services, excluding value added tax. In

accordance with FRS18, the company has recognised income for annual lift maintenance

contracts over the period of the agreement.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

Stocks and contracts in progress

Stocks and contracts in progress are valued at the lower of cost, inclusive of appropriate

overheads and estimated net realisable value. Profit on contracts in progress over the year

end is recognised by reference to the percentage of completion on the contract, provided

that the outcome of the contract can be assessed with reasonable certainty. Advance

payments received from customers are shown in creditors.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary shares

£1

2

2