Online Revolution Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08070421 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

ONLINE REVOLUTION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Ibbotson

REGISTERED OFFICE:

Ground Floor Flat

95 Sutton Road

Muswell Hill

London

N10 1HH

REGISTERED NUMBER:

08070421 (England and Wales)

ACCOUNTANTS:

EAGK LLP

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

2

928

-

CURRENT ASSETS

Debtors

1,744

-

Cash at bank and in hand

103

1,068

1,847

1,068

CREDITORS

Amounts falling due within one year

18,007

5,264

NET CURRENT LIABILITIES

(16,160

)

(4,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,232

)

(4,196

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(15,332

)

(4,296

)

SHAREHOLDERS' FUNDS

(15,232

)

(4,196

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2016 and were signed by:

Mr D Ibbotson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the director is satisfied that the

company will have adequate resources to meet its liabilities to third parties as they fall due. The director will

continue to finance the company when required.

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,238

At 31 May 2015

1,238

DEPRECIATION

Charge for year

310

At 31 May 2015

310

NET BOOK VALUE

At 31 May 2015

928

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100