OSYS_TECHNOLOGY_LIMITED - Accounts

OSYS TECHNOLOGY LIMITED - Company Information

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Company Registration No. 03208858 (England and Wales)

OSYS TECHNOLOGY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

OSYS TECHNOLOGY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OSYS TECHNOLOGY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

150

607

Current assets

Stocks

37,744

Debtors

1,253

835

Cash at bank and in hand

106,110

210,752

107,363

249,331

Creditors: amounts falling due within one year

(63,579)

(199,211)

Net current assets

43,784

50,120

Total assets less current liabilities

43,934

50,727

Capital and reserves

Called up share capital

600

Profit and loss account

43,334

50,127

Shareholders' funds

43,934

50,727

For the financial year ended 30 June 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 7 December 2015

K Jenkins

M Morey

Director

Company Registration No. 03208858

OSYS TECHNOLOGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover does not include any income from markets outside the UK.

1.4

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:

Plant and machinery

at 25% on reducing balance.

Computer equipment

at 25% on reducing balance

Fixtures, fittings & equipment

at 25% on reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Income under maintenance contracts

Income under maintenance contracts is recognised evenly over the period of the respective contracts. Deferred income under such contracts is included in creditors.

OSYS TECHNOLOGY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

20,931

Disposals

(730)

At 30 June 2015

20,201

Depreciation

At 1 July 2014

20,324

On disposals

(320)

Charge for the year

At 30 June 2015

20,051

Net book value

At 30 June 2015

150

At 30 June 2014

607

Share capital

2015

2014

Allotted, called up and fully paid

600 Ordinary of £1 each

600