Ottersbrook Limited - Period Ending 2015-08-31

Registration number: 08462916

Ottersbrook Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Ottersbrook Limited
Contents

Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ottersbrook Limited
(Registration number: 08462916)
Abbreviated Balance Sheet at 31 August 2015

		Note			31 August 2015 £			31 August 2014 £
Fixed assets
Tangible fixed assets					1,494			432
Current assets
Stocks					5,581			11,088
Debtors					156,500			46,313
Cash at bank and in hand					14,691			59,521
					176,772			116,922
Creditors: Amounts falling due within one year					(34,738)			(36,092)
Net current assets					142,034			80,830
Net assets					143,528			81,262
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					143,428			81,162
Shareholders' funds					143,528			81,262

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 11 May 2016

M R Cargen  Director

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Ottersbrook Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 August 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of services privided to clients.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer and office equipment	20% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Ottersbrook Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 August 2015

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		540			540
Additions		1,463			1,463
At 31 August 2015		2,003			2,003
Depreciation
At 1 September 2014		108			108
Charge for the year		401			401
At 31 August 2015		509			509
Net book value
At 31 August 2015		1,494			1,494
At 31 August 2014		432			432

3	Share capital

Allotted, called up and fully paid shares

	31 August 2015						31 August 2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	Year ended 31 August 2015 Advance/ Credit £	Year ended 31 August 2015 Repaid £	26 March 2013 to 31 August 2014 Advance/ Credit £	26 March 2013 to 31 August 2014 Repaid £
M R Cargen
	157,685	50,932	70,207	25,531

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