| One-Nor Limited |
| Registered number: |
09281491 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
1,838 |
|
| Current assets |
| Debtors |
|
|
25,574 |
| Cash at bank and in hand |
|
|
83,175 |
|
|
|
108,749 |
|
|
|
| Creditors: amounts falling due within one year |
|
|
(34,846) |
|
| Net current assets |
|
|
|
73,903 |
|
|
| Total assets less current liabilities |
|
|
|
75,741 |
|
|
|
| Provisions for liabilities |
|
|
|
(368) |
|
|
| Net assets |
|
|
|
75,373 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
| Profit and loss account |
|
|
|
75,273 |
|
| Shareholders' funds |
|
|
|
75,373 |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
| Alastair Bond |
| Director |
| Approved by the board on 24 February 2016 |
|
| One-Nor Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 30 November 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 January 2015). |
|
|
The director, having regard to the nature, size and complexity of the business, has assessed the financial risks affecting the company and it's operations for the 12 months from the approval of the financial statements and considers it appropriate to prepare the financial statements on a going concern basis. |
|
|
Turnover |
|
Turnover represents revenue earned under a variety of contracts to provide services net of VAT and discounts.
Revenue is recognised as earned, when, and to the extent that, the company has obtained the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration which represents amounts chargeable to clients, including expenses and disbursements but excluding VAT.
Revenue not billed to clients (work in progress) is included in debtors and payments on account in excess of the relevent amount of revenue is included in creditors. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer and office equipment |
25% straight line |
|
|
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 |
|
Additions |
2,451 |
|
At 30 November 2015 |
2,451 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
613 |
|
At 30 November 2015 |
613 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
1,838 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
| value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
