ONANDON LIMITED - Abbreviated accounts

Registered number

04181859

ONANDON LIMITED

Abbreviated Accounts

30 April 2015

ONANDON LIMITED
Registered number:		04181859
Abbreviated Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		14,906			18,881

Current assets
Stocks		335,370			364,070
Debtors		21,205			19,687
Cash at bank and in hand		172,661			166,302
		529,236			550,059

Creditors: amounts falling due within one year		(119,202)			(142,872)

Net current assets			410,034			407,187

Net assets			424,940			426,068

Capital and reserves
Called up share capital	3		4			4
Profit and loss account			424,936			426,064

Shareholders' funds			424,940			426,068

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.



C Wheeler
Director
Approved by the board on 19 January 2016

ONANDON LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 April 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 April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures, Fittings & Equipment			25% reducing balance
	Leasehold Costs			15 years

	Stocks
	Stock is valued at the lower of cost and net realisable 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.


2	Tangible fixed assets					£

	Cost
	At 1 May 2014					144,751
	Additions					471
	At 30 April 2015					145,222

	Depreciation
	At 1 May 2014					125,870
	Charge for the year					4,446
	At 30 April 2015					130,316

	Net book value
	At 30 April 2015					14,906
	At 30 April 2014					18,881


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		4		4		4