O.L. Engineering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04743396 (England and Wales)

O.L. ENGINEERING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N S Lambourn

S Dudley-Warde

SECRETARY:

N S Lambourn

REGISTERED OFFICE:

Barns A & B Bowley Farm Estate

Bowley Lane

South Mundham

Chichester

West Sussex

PO20 1NB

REGISTERED NUMBER:

04743396 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

2

233

310

CURRENT ASSETS

Debtors

32,013

16,155

Cash at bank

7,071

5,284

39,084

21,439

CREDITORS

Amounts falling due within one year

47,838

29,382

NET CURRENT LIABILITIES

(8,754

)

(7,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,521

)

(7,633

)

PROVISIONS FOR LIABILITIES

47

62

NET LIABILITIES

(8,568

)

(7,695

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(8,570

)

(7,697

)

SHAREHOLDERS' FUNDS

(8,568

)

(7,695

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 August 2015 and were signed on its behalf by:

N S Lambourn - Director

S Dudley-Warde - 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 sales of goods and services, 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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

3,100

DEPRECIATION

At 1 April 2014

2,790

Charge for year

77

At 31 March 2015

2,867

NET BOOK VALUE

At 31 March 2015

233

At 31 March 2014

310

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.