Oast Technical Services Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04916285 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

OAST TECHNICAL SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Maybourne

P J Jordan

SECRETARY:

Cassidys Secretarial Services Limited

REGISTERED OFFICE:

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

REGISTERED NUMBER:

04916285 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,962

4,549

3,962

4,549

CURRENT ASSETS

Stocks

2,250

1,850

Debtors

122,444

236,875

Cash at bank

463,734

240,439

588,428

479,164

CREDITORS

Amounts falling due within one year

274,653

227,808

NET CURRENT ASSETS

313,775

251,356

TOTAL ASSETS LESS CURRENT
LIABILITIES

317,737

255,905

PROVISIONS FOR LIABILITIES

447

352

NET ASSETS

317,290

255,553

CAPITAL AND RESERVES

Called up share capital

4

590

Share premium

35,500

Profit and loss account

281,200

219,463

SHAREHOLDERS' FUNDS

317,290

255,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 June 2015 and were signed on its behalf by:

S Maybourne - 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.

Intangible fixed assets

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

Other Intangible Assets - 33% on straight line basis

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

19,884

AMORTISATION

At 1 October 2013

and 30 September 2014

19,884

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

14,730

DEPRECIATION

At 1 October 2013

10,181

Charge for year

587

At 30 September 2014

10,768

NET BOOK VALUE

At 30 September 2014

3,962

At 30 September 2013

4,549

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

1,000

Ordinary

£1

590

Oast Technical Services Ltd - Limited company - abbreviated - 11.6

Oast Technical Services Ltd - Limited company - abbreviated - 11.6