OAST_DEVELOPMENTS_LIMITED - Accounts

OAST DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 05813793 (England and Wales)

OAST DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

OAST DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OAST DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,732

Current assets

Debtors

100

Cash at bank and in hand

7,672

922

7,772

1,022

Creditors: amounts falling due within one year

(86,375)

(85,214)

Net current liabilities

(78,603)

(84,192)

Total assets less current liabilities

(65,871)

(84,192)

Creditors: amounts falling due after more than one year

(10,137)

(76,008)

(84,192)

Capital and reserves

Called up share capital

100

Profit and loss account

(76,108)

(84,292)

Shareholders' funds

(76,008)

(84,192)

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

Director's 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 director acknowledges his 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 26 February 2016

R S Kinderman

Director

Company Registration No. 05813793

OAST DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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).

The financial statements have been prepared on a going concern basis as the directors and shareholders have provided confirmation that they will continue to provide financial assistance to the company for at least a period of fifteen months from the date the balance sheet is authorised.

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 (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable from work carried out in the construction industry during the year, net of vat.

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:

Motor vehicles

20% straight line

Fixed assets

Tangible assets

Cost

At 1 June 2014

Additions

13,890

At 31 May 2015

13,890

Depreciation

At 1 June 2014

Charge for the year

1,158

At 31 May 2015

1,158

Net book value

At 31 May 2015

12,732

OAST DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100