Company Registration No. 01323644 (England and Wales)
OASIS PRODUCTS VENDING SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
OASIS PRODUCTS VENDING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
OASIS PRODUCTS VENDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
514,210
517,356
Current assets
Stocks
74,883
67,578
Debtors
157,392
164,769
Cash at bank and in hand
229,720
178,308
461,995
410,655
Creditors: amounts falling due within one year
(193,807)
(135,586)
Net current assets
268,188
275,069
Total assets less current liabilities
782,398
792,425
Creditors: amounts falling due after more than one year
(326,725)
(376,607)
Provisions for liabilities
(1,724)
(2,353)
453,949
413,465
Capital and reserves
Called up share capital
3
1,200
1,200
Other reserves
1,800
1,800
Profit and loss account
450,949
410,465
Shareholders' funds
453,949
413,465
OASIS PRODUCTS VENDING SERVICES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 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 10 May 2016
G R Rose
Director
Company Registration No. 01323644
OASIS PRODUCTS VENDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
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 January 2015).
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
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties professionally valued on an existing use open market value basis. Other 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:
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
535,519
Additions
99
At 31 December 2015
535,618
Depreciation
At 1 January 2015
18,163
Charge for the year
3,245
At 31 December 2015
21,408
Net book value
At 31 December 2015
514,210
At 31 December 2014
517,356
OASIS PRODUCTS VENDING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,200 Ordinary of £1 each
1,200
1,200
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