| Olney Cleaning Ltd |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Olney Cleaning Ltd for the period ended 31 October 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Olney Cleaning Ltd for the period ended 31 October 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| It is your duty to ensure that Olney Cleaning Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Olney Cleaning Ltd. You consider that Olney Cleaning Ltd is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of Olney Cleaning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| G C Forest & Co |
| Chartered Certified Accountants |
| 190 Billet Road |
| London |
| E17 5DX |
|
| 12 November 2015 |
|
| Olney Cleaning Ltd |
| Registered number: |
09289346 |
| Abbreviated Balance Sheet |
| as at 31 October 2015 |
|
| Notes |
|
|
2015 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
5,683 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,376 |
|
| Creditors: amounts falling due within one year |
|
|
(1,223) |
|
| Net current assets |
|
|
|
3,153 |
|
|
| Net assets |
|
|
|
8,836 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
| Profit and loss account |
|
|
|
8,736 |
|
| Shareholder's funds |
|
|
|
8,836 |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Dritan Ahmataj |
| Director |
| Approved by the board on 12 November 2015 |
|
| Olney Cleaning Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 31 October 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% on written down value |
|
Motor vehicles |
25% on written down value |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. No provision was found to be necessary for the period ended 31 October 2015. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
7,180 |
|
At 31 October 2015 |
7,180 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
1,497 |
|
At 31 October 2015 |
1,497 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
5,683 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
| value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
| 4 |
Controlling party |
|
|
The controlling party is Mr Dritan Ahmataj by virtue of his ownership of 100% of the issued |
|
ordinary share capital of the company. |
