Company Registration No. 07729498 (England and Wales)
ONGAR MILL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
ONGAR MILL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ONGAR MILL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
14,637
21,956
Tangible assets
2
74,390
48,813
89,027
70,769
Current assets
Debtors
3,671
10,102
Cash at bank and in hand
63,878
12,185
67,549
22,287
Creditors: amounts falling due within one year
(439,892)
(284,230)
Net current liabilities
(372,343)
(261,943)
Total assets less current liabilities
(283,316)
(191,174)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(283,416)
(191,274)
Shareholders' funds
(283,316)
(191,174)
For the financial year ended 31 August 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 12 April 2016
Mr R Gundle
Director
Company Registration No. 07729498
ONGAR MILL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
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 (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Land and buildings Leasehold
10% straight line
Plant and machinery
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014
36,594
52,731
89,325
Additions
-
32,238
32,238
At 31 August 2015
36,594
84,969
121,563
Depreciation
At 1 September 2014
14,638
3,918
18,556
Charge for the year
7,319
6,661
13,980
At 31 August 2015
21,957
10,579
32,536
Net book value
At 31 August 2015
14,637
74,390
89,027
At 31 August 2014
21,956
48,813
70,769
ONGAR MILL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2015-08-312014-09-01falsetruetruetruetruetruetmpD55B.html2016-04-25077294982014-09-012015-08-31077294982015-08-31077294982014-08-31077294982014-08-3107729498uk-bus:Director12014-09-012015-08-3107729498uk-gaap:LandBuildingsuk-gaap:LeasedTangibleFixedAssets2014-09-012015-08-3107729498uk-gaap:PlantMachinery2014-09-012015-08-3107729498uk-bus:OrdinaryShareClass12014-09-012015-08-3107729498uk-bus:OrdinaryShareClass12015-08-3107729498uk-bus:OrdinaryShareClass12014-08-31xbrli:purexbrli:sharesiso4217:GBP
