Abbreviated Company Accounts - ONTOLOGY LTD

Registered Number 04607597

ONTOLOGY LTD

Abbreviated Accounts

31 March 2015

ONTOLOGY LTD Registered Number 04607597

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,235	1,647
		1,235	1,647
Current assets
Cash at bank and in hand		18,022	6,351
		18,022	6,351
Creditors: amounts falling due within one year		(7,363)	(5,224)
Net current assets (liabilities)		10,659	1,127
Total assets less current liabilities		11,894	2,774
Total net assets (liabilities)		11,894	2,774
Capital and reserves
Called up share capital		2	2
Profit and loss account		11,892	2,772
Shareholders' funds		11,894	2,774

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 8 December 2015

And signed on their behalf by:
B W Turney, Director

ONTOLOGY LTD Registered Number 04607597

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of service, excluding value added tax.

2Tangible fixed assets

	£
Cost
At 1 April 2014	23,130
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	23,130
Depreciation
At 1 April 2014	21,483
Charge for the year	412
On disposals	-
At 31 March 2015	21,895
Net book values
At 31 March 2015	1,235
At 31 March 2014	1,647