Oxfordshire Narrowboats Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02164219 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Oxfordshire Narrowboats Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R C White

S W A Sandy

REGISTERED OFFICE:

Oxford Lodge

Bletchingdon Road

Kirtlington

Kidlington

Oxfordshire

OX5 3HF

REGISTERED NUMBER:

02164219 (England and Wales)

ACCOUNTANTS:

Munday Long & Co Limited

Chartered Certified Accountants

Alton House

66/68 High Street

Northwood

Middlesex

HA6 1BL

FIXED ASSETS

Tangible assets

2

91,400

57,034

CURRENT ASSETS

Debtors

28,884

59,487

Cash at bank

36,273

7,752

65,157

67,239

CREDITORS

Amounts falling due within one year

51,335

33,496

NET CURRENT ASSETS

13,822

33,743

TOTAL ASSETS LESS CURRENT LIABILITIES

105,222

90,777

PROVISIONS FOR LIABILITIES

18,280

11,407

NET ASSETS

86,942

79,370

CAPITAL AND RESERVES

Called up share capital

3

500

500

Capital redemption reserve

500

500

Profit and loss account

85,942

78,370

SHAREHOLDERS' FUNDS

86,942

79,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 17 September 2015 and were signed on its behalf by:

R C White - 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 goods, 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

-

10% on cost

Computer equipment

-

Straight line over 3 years

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 January 2014

242,574

Additions

67,000

Disposals

(48,000

)

At 31 December 2014

261,574

DEPRECIATION

At 1 January 2014

185,540

Charge for year

18,234

Eliminated on disposal

(33,600

)

At 31 December 2014

170,174

NET BOOK VALUE

At 31 December 2014

91,400

At 31 December 2013

57,034

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

500

Ordinary

£1

500

500