Outsourced Artwork Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07437035 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

OUTSOURCED ARTWORK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

J D Gorrod

REGISTERED OFFICE:

18 Church Street

Ashton Under Lyne

Lancashire

OL6 6XE

REGISTERED NUMBER:

07437035 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

FIXED ASSETS

Intangible assets

2

-

2,000

Tangible assets

3

937

1,155

937

3,155

CURRENT ASSETS

Debtors

9,000

4,868

Cash at bank

5,472

10,861

14,472

15,729

CREDITORS

Amounts falling due within one year

6,701

7,523

NET CURRENT ASSETS

7,771

8,206

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,708

11,361

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

8,608

11,261

SHAREHOLDERS' FUNDS

8,708

11,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 May 2016 and were signed by:

J D Gorrod - 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 the net invoiced value of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 15% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

10,000

AMORTISATION

At 1 December 2014

8,000

Amortisation for year

2,000

At 30 November 2015

10,000

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

2,145

DEPRECIATION

At 1 December 2014

990

Charge for year

218

At 30 November 2015

1,208

NET BOOK VALUE

At 30 November 2015

937

At 30 November 2014

1,155

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	ULTIMATE CONTROLLING PARTY

The controlling party is J D Gorrod.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2015 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

9 May 2016