OBJECTIVEITSERVICES.COM_L - Accounts

OBJECTIVEITSERVICES.COM LTD - Company Information

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Company Registration No. 03983479 (England and Wales)

OBJECTIVEITSERVICES.COM LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

OBJECTIVEITSERVICES.COM LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OBJECTIVEITSERVICES.COM LTD

ABBREVIATED BALANCE SHEET - UNAUDITED

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,033

3,118

Current assets

Debtors

173,065

133,323

Cash at bank and in hand

173,078

133,346

Creditors: amounts falling due within one year

(40,966)

(37,648)

Net current assets

132,112

95,698

Total assets less current liabilities

134,145

98,816

Creditors: amounts falling due after more than one year

(16,732)

117,413

98,816

Capital and reserves

Called up share capital

Profit and loss account

117,411

98,814

Shareholders' funds

117,413

98,816

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 December 2015

M S A Lis Esq

Director

Company Registration No. 03983479

OBJECTIVEITSERVICES.COM LTD

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for the provision of IT services net of trade discounts. Turnover and profit before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Property improvements

2% per annum on the straight line method

Computer equipment

33 1/3% per annum on the straight line method and 25% per annum on the reducing balance method

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

24,355

Depreciation

At 1 April 2014

21,237

Charge for the year

1,085

At 31 March 2015

22,322

Net book value

At 31 March 2015

2,033

At 31 March 2014

3,118

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £7,685 (2014 - £780).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £16,732 (2014 - £0).

OBJECTIVEITSERVICES.COM LTD

NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 ordinary shares of £1 each

Related party relationships and transactions

Advances and credits to directors

The following advances and credits were made to/from the directors during the year:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

63,344

64,317

42,325

85,336

63,344

64,317

42,325

85,336

126,688

128,634

84,650

170,672

This is an interest free loan to the directors which is repayable on demand.