OZSCOTT LTD - Abbreviated accounts

Registered number

SC274095

OZSCOTT LTD

Abbreviated Accounts

31 October 2014

OZSCOTT LTD
Registered number:		SC274095
Abbreviated Balance Sheet
as at 31 October 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		18,906			18,906

Current assets
Cash at bank and in hand		3,882			14,137

Creditors: amounts falling due within one year		(1,712)			(2,260)

Net current assets			2,170			11,877

Total assets less current liabilities			21,076			30,783

Creditors: amounts falling due after more than one year			(1,324)			(11,034)



Net assets			19,752			19,749

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			19,652			19,649

Shareholder's funds			19,752			19,749

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Shabnam Bashir
Director
Approved by the board on 12 April 2015

OZSCOTT LTD
Notes to the Abbreviated Accounts
for the year ended 31 October 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures & Fittings			0
	0			0

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 November 2013					18,906
	At 31 October 2014					18,906

	Depreciation
	At 31 October 2014					-

	Net book value
	At 31 October 2014					18,906
	At 31 October 2013					18,906


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100