Open Network Management Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02992228 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2014

FOR

OPEN NETWORK MANAGEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Wright

SECRETARY:

REGISTERED OFFICE:

38 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

REGISTERED NUMBER:

02992228 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

Accountants

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

2

2,754

3,671

CURRENT ASSETS

Debtors

10,252

-

Cash at bank

75,098

76,327

85,350

76,327

CREDITORS

Amounts falling due within one year

48,576

44,065

NET CURRENT ASSETS

36,774

32,262

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,528

35,933

PROVISIONS FOR LIABILITIES

551

734

NET ASSETS

38,977

35,199

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

38,975

35,197

SHAREHOLDERS' FUNDS

38,977

35,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26th August 2015 and were signed by:

P Wright - 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 invoiced sales of 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.

Computer equipment

-

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 1st December 2013

and 30th November 2014

5,776

DEPRECIATION

At 1st December 2013

2,105

Charge for year

917

At 30th November 2014

3,022

NET BOOK VALUE

At 30th November 2014

2,754

At 30th November 2013

3,671

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

ORDINARY

£1

2

Open Network Management Ltd - Limited company - abbreviated - 11.6

Open Network Management Ltd - Limited company - abbreviated - 11.6