Omnipresent Kinver Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 09120236 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 21 July 2014 to 31 July 2015

for

Omnipresent Kinver Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs L M Hartin

SECRETARY:

Mrs L M Hartin

REGISTERED OFFICE:

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

REGISTERED NUMBER:

09120236 (England and Wales)

ACCOUNTANTS:

Fredericksons

First Floor

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Intangible assets

2

28,000

Tangible assets

3

400

28,400

CURRENT ASSETS

Stocks

17,917

Debtors

183

Cash at bank and in hand

8,610

26,710

CREDITORS

Amounts falling due within one year

54,862

NET CURRENT LIABILITIES

(28,152

)

TOTAL ASSETS LESS CURRENT LIABILITIES

248

CAPITAL AND RESERVES

Called up share capital

4

60

Profit and loss account

188

SHAREHOLDERS' FUNDS

248

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

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

The director acknowledges her 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 28 September 2015 and were signed by:

Mrs L M Hartin - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

35,000

At 31 July 2015

35,000

AMORTISATION

Amortisation for period

7,000

At 31 July 2015

7,000

NET BOOK VALUE

At 31 July 2015

28,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

600

At 31 July 2015

600

DEPRECIATION

Charge for period

200

At 31 July 2015

200

NET BOOK VALUE

At 31 July 2015

400

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

60

Ordinary

£1

60

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £8,000 (net) to the director of the company.