Ollie Owl Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08083974 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

OLLIE OWL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S A Tillett

REGISTERED OFFICE:

Units 1&2 Field View

Baynards Green Business Park

Bicester

Oxfordshire

OX27 7SG

REGISTERED NUMBER:

08083974 (England and Wales)

ACCOUNTANTS:

Philip Deane Accountancy Limited

Units 1 & 2, Field View

Baynards Green Business Park

Baynards Green

Nr Bicester

Oxfordshire

OX27 7SG

FIXED ASSETS

Tangible assets

2

73,012

82,286

CURRENT ASSETS

Debtors

60,953

18,941

CREDITORS

Amounts falling due within one year

(39,518

)

(51,398

)

NET CURRENT ASSETS/(LIABILITIES)

21,435

(32,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,447

49,829

CREDITORS

Amounts falling due after more than one year

(94,306

)

(90,673

)

NET ASSETS/(LIABILITIES)

141

(40,844

)

CAPITAL AND RESERVES

Called up share capital

3

133

133

Profit and loss account

8

(40,977

)

SHAREHOLDERS' FUNDS

141

(40,844

)

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

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

The director acknowledges her 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 25 April 2016 and were signed by:

Mrs S A Tillett - Director

1.	ACCOUNTING POLICIES

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 January

2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

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

At 1 January 2015

102,857

Additions

8,979

At 31 December 2015

111,836

DEPRECIATION

At 1 January 2015

20,571

Charge for year

18,253

At 31 December 2015

38,824

NET BOOK VALUE

At 31 December 2015

73,012

At 31 December 2014

82,286

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

133

Ordinary

£1

133

133