ONN Studio Limited - Abbreviated accounts 16.1

ONN Studio Limited - Abbreviated accounts 16.1

ONN STUDIO LIMITED - Company Information

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REGISTERED NUMBER: 09272876 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

ONN STUDIO LIMITED

ONN STUDIO LIMITED (REGISTERED NUMBER: 09272876)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ONN STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTORS: J Nussey
Miss A O'Neil





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 09272876 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX
Page 1
ONN STUDIO LIMITED (REGISTERED NUMBER: 09272876)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

Notes £    £   
FIXED ASSETS
Tangible assets 2 653

CURRENT ASSETS
Debtors 4,355
Cash at bank 51,669
56,024
CREDITORS
Amounts falling due within one year 24,071
NET CURRENT ASSETS 31,953
TOTAL ASSETS LESS CURRENT LIABILITIES 32,606

CAPITAL AND RESERVES
Called up share capital 3 2
Profit and loss account 32,604
SHAREHOLDERS' FUNDS 32,606

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

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

The directors acknowledge their 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 Board of Directors on 17 June 2016 and were signed
on its behalf by:





J Nussey - Director


The notes form part of these abbreviated accounts

Page 2
ONN STUDIO LIMITED (REGISTERED NUMBER: 09272876)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

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.

Plant and machinery etc - 33% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to
the company's pension scheme are charged to the profit and loss account in the period to
which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 974
At 31 October 2015 974
DEPRECIATION
Charge for year 321
At 31 October 2015 321
NET BOOK VALUE
At 31 October 2015 653

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary 1 2

Page 3