Company Registration No. 07729498 (England and Wales)
ONGAR MILL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2014
ONGAR MILL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ONGAR MILL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2014
31 August 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
21,956
29,275
Tangible assets
2
48,813
15,521
70,769
44,796
Current assets
Debtors
10,102
13,939
Cash at bank and in hand
12,185
3,103
22,287
17,042
Creditors: amounts falling due within one year
(284,230)
(157,623)
Net current liabilities
(261,943)
(140,581)
Total assets less current liabilities
(191,174)
(95,785)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(191,274)
(95,885)
Shareholders' funds
(191,174)
(95,785)
For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 June 2015
Mr R Gundle
Director
Company Registration No. 07729498
ONGAR MILL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% straight line
Plant and machinery
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2013
36,594
16,556
53,150
Additions
-
36,175
36,175
At 31 August 2014
36,594
52,731
89,325
Depreciation
At 1 September 2013
7,319
1,035
8,354
Charge for the year
7,319
2,883
10,202
At 31 August 2014
14,638
3,918
18,556
Net book value
At 31 August 2014
21,956
48,813
70,769
At 31 August 2013
29,275
15,521
44,796
ONGAR MILL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2014-08-312013-09-01falsetruetruetruetruetruetmp9733.html2015-06-30077294982013-09-012014-08-31077294982014-08-31077294982013-08-31077294982013-08-3107729498uk-bus:Director12013-09-012014-08-3107729498uk-gaap:LandBuildingsuk-gaap:LeasedTangibleFixedAssets2013-09-012014-08-3107729498uk-gaap:PlantMachinery2013-09-012014-08-3107729498uk-bus:OrdinaryShareClass12013-09-012014-08-3107729498uk-bus:OrdinaryShareClass12014-08-3107729498uk-bus:OrdinaryShareClass12013-08-31xbrli:purexbrli:sharesiso4217:GBP
