Oval Global Solutions Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: SC462535 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Oval Global Solutions Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Kenneth William James Morrison

Axiano Company Directors Limited

REGISTERED OFFICE:

41 Duke Street

Edinburgh

EH6 8HH

REGISTERED NUMBER:

SC462535 (Scotland)

CURRENT ASSETS

Debtors

306

283

Cash at bank and in hand

183

100

489

383

CREDITORS

Amounts falling due within one year

238

217

NET CURRENT ASSETS

251

166

TOTAL ASSETS LESS CURRENT LIABILITIES

251

166

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

151

66

SHAREHOLDERS' FUNDS

251

166

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 21 March 2016 and were signed on its behalf by:

Kenneth William James Morrison - 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 services, excluding value added tax.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

100

Ordinary

£1

100

100