OBJECT_SPACE_PLACE_LIMITE - Accounts

OBJECT SPACE PLACE LIMITED - Company Information

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Company Registration No. 07853907 (England and Wales)

OBJECT SPACE PLACE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

OBJECT SPACE PLACE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OBJECT SPACE PLACE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

12,162

3,078

Current assets

Debtors

50,649

13,259

Cash at bank and in hand

98,473

39,737

149,122

52,996

Creditors: amounts falling due within one year

(81,777)

(18,225)

Net current assets

67,345

34,771

Total assets less current liabilities

79,507

37,849

Capital and reserves

Called up share capital

Profit and loss account

79,504

37,846

Shareholders' funds

79,507

37,849

For the financial year ended 30 November 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 and authorised for issue on 7 July 2015

Brendan Mullard

Mr David Chenery

Director

Company Registration No. 07853907

OBJECT SPACE PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

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).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

1.4

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

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:

Fixtures, fittings & equipment

25% - Straight line basis

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

OBJECT SPACE PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 December 2013

5,648

Additions

13,996

At 30 November 2014

19,644

Depreciation

At 1 December 2013

2,571

Charge for the year

4,911

At 30 November 2014

7,482

Net book value

At 30 November 2014

12,162

At 30 November 2013

3,078

Share capital

2014

2013

Allotted, called up and fully paid

3 Ordinary of £1 each

Ultimate parent company

The company has no ultimate controlling parties.