Onphrame Limited - Limited company accounts 11.4

REGISTERED NUMBER: 08481867 (England and Wales)

Report of the Director and

Unaudited Financial Statements For The Period 10 April 2013 to 30 April 2014

for

Onphrame Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Masse

SECRETARY:

REGISTERED OFFICE:

Third Floor

15 Poland Street

London

W1F 8QE

REGISTERED NUMBER:

08481867 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Third Floor

15 Poland Street

London

W1F 8QE

The director presents his report with the financial statements of the company for the period 10 April 2013 to

30 April 2014.

INCORPORATION

The company was incorporated on 10 April 2013 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of freelance photographic services.

DIVIDENDS

An interim dividend of 311.30 per share was paid on 31 March 2014. The director recommends that no final dividend
be paid.

The total distribution of dividends for the period ended 30 April 2014 will be £ 31,130 .

DIRECTOR

S Masse was appointed as a director on 10 April 2013 and held office during the whole of the period from then to the
date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

ON BEHALF OF THE BOARD:

S Masse - Director

21 August 2014

TURNOVER

98,077

Cost of sales

(25,575

)

GROSS PROFIT

72,502

Administrative expenses

(33,185

)

39,317

Other operating income

4,781

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

44,098

Tax on profit on ordinary activities

3

(5,818

)

PROFIT FOR THE FINANCIAL PERIOD

38,280

FIXED ASSETS

Tangible assets

5

16,127

CURRENT ASSETS

Debtors

6

10,313

Prepayments and accrued income

12,974

Cash at bank

5,006

28,293

CREDITORS

Amounts falling due within one year

7

(37,170

)

NET CURRENT LIABILITIES

(8,877

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,250

CAPITAL AND RESERVES

Called up share capital

8

100

Profit and loss account

9

7,150

SHAREHOLDERS' FUNDS

7,250

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 21 August 2014 and were signed by:

S Masse - 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 each asset over its estimated useful life.

Plant and machinery etc

-

33.33% on cost

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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

2,718

Foreign exchange differences

2,852

Formation costs

217

Director's remuneration and other benefits etc

7,200

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

5,818

Tax on profit on ordinary activities

5,818

4.

DIVIDENDS

£

Ordinary shares of 1 each

Interim

31,130

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

18,845

At 30 April 2014

18,845

DEPRECIATION

Charge for period

2,718

At 30 April 2014

2,718

NET BOOK VALUE

At 30 April 2014

16,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,213

Other debtors

100

10,313

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

15,352

Taxation and social security

6,120

Other creditors

15,698

37,170

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

9.

RESERVES

Profit

and loss

account

£

Profit for the period

38,280

Dividends

(31,130

)

At 30 April 2014

7,150