O32_DESIGN_CONSULTANTS_LI - Accounts

032 DESIGN CONSULTANTS LIMITED - Company Information

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Company Registration No. 07247717 (England and Wales)

O32 DESIGN CONSULTANTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

O32 DESIGN CONSULTANTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

O32 DESIGN CONSULTANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

349,125

437,710

Tangible assets

17,382

20,902

366,507

458,612

Current assets

Stocks

1,500

Debtors

445,919

124,520

Cash at bank and in hand

160,480

306,987

607,899

433,007

Creditors: amounts falling due within one year

(184,502)

(410,348)

Net current assets

423,397

22,659

Total assets less current liabilities

789,904

481,271

Provisions for liabilities

(2,290)

(1,539)

787,614

479,732

Capital and reserves

Called up share capital

Profit and loss account

787,612

479,730

Shareholders' funds

787,614

479,732

O32 DESIGN CONSULTANTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2014

- 2 -

For the financial period ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his 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 for issue on 28 August 2015

Mr S R Bailey

Director

Company Registration No. 07247717

O32 DESIGN CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 3 -

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).

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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Intangibles

Intangibles are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

The useful lives are estimated as follows:

Goodwill - 10 years

Patents and Trademarks - 10 years

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% Reducing balance

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period they are payable.

1.7

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.

O32 DESIGN CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2013

625,300

46,540

671,840

Additions

5,183

At 30 November 2014

625,300

51,723

677,023

Depreciation

At 1 July 2013

187,590

25,638

213,228

Charge for the period

88,585

8,703

97,288

At 30 November 2014

276,175

34,341

310,516

Net book value

At 30 November 2014

349,125

17,382

366,507

At 30 June 2013

437,710

20,902

458,612

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each