Abbreviated Company Accounts - OLIVER KINGSLEY LIMITED

OLIVER KINGSLEY LIMITED - Company Information

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Registered Number 08884833

OLIVER KINGSLEY LIMITED

Abbreviated Accounts

31 March 2015

OLIVER KINGSLEY LIMITED Registered Number 08884833

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015
		£
Current assets
Debtors		2,074
Cash at bank and in hand		12,550
		14,624
Creditors: amounts falling due within one year		(5,116)
Net current assets (liabilities)		9,508
Total assets less current liabilities		9,508
Total net assets (liabilities)		9,508
Capital and reserves
Called up share capital	2	2
Profit and loss account		9,506
Shareholders' funds		9,508

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 November 2015

And signed on their behalf by:
Mr S O Raby, Director

OLIVER KINGSLEY LIMITED Registered Number 08884833

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Other accounting policies
Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
2 Ordinary shares of £1 each	2

During the year the company issued two £1 Ordinary shares at par for cash.

3Transactions with directors

Name of director receiving advance or credit:	Mr S O Raby
Description of the transaction:	Advances
Balance at 10 February 2014:	-
Advances or credits made:	£ 3,459
Advances or credits repaid:	£ 1,385
Balance at 31 March 2015:	£ 2,074

During the year the company made advances totalling £3,459 to Mr S O Raby, and at the year-end the company was owed £2,074 by him in respect of these.