Opal Investments (Kent) Limited - Period Ending 2014-10-31

Company registration number: 4255143

Opal Investments (Kent) Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 31 October 2014
 

  Chartered Accountants

Opal Investments (Kent) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Opal Investments (Kent) Limited
(Company registration number: 4255143)
Abbreviated Balance Sheet
31 October 2014

		Note			2014 £			2013 £
Current assets
Stocks					111,691			104,166
Debtors					-			30,000
Cash at bank and in hand					66,699			47,677
					178,390			181,843
Creditors: Amounts falling due within one year					(4,647)			(10,303)
Net assets					173,743			171,540
Capital and reserves
Called up share capital		2			1,000			1,000
Profit and loss account					172,743			170,540
Shareholders' funds					173,743			171,540

The notes on page 3 form an integral part of these financial statements.
 
  Page 1

Opal Investments (Kent) Limited
(Company registration number: 4255143)
Abbreviated Balance Sheet
31 October 2014......... continued

For the year ending 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 July 2015 and signed on its behalf by:

......................................... Mr D Munden Director

......................................... Mrs A Bignold Director

The notes on page 3 form an integral part of these financial statements.
 
  Page 2

Opal Investments (Kent) Limited
Notes to the Abbreviated Accounts
Year Ended 31 October 2014......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of Rent during the year.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		1,000			1,000			1,000			1,000

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