OFCOM_LTD - Accounts

OFCOM LTD - Company Information

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Company Registration No. 07753885 (England and Wales)

OFCOM LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013

OFCOM LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

OFCOM LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,789

5,853

Current assets

Debtors

61,320

12,805

Cash at bank and in hand

1,099

9,041

62,419

21,846

Creditors: amounts falling due within one year

(59,577)

(27,662)

Net current assets/(liabilities)

2,842

(5,816)

Total assets less current liabilities

7,631

Provisions for liabilities

(958)

(8)

6,673

Capital and reserves

Called up share capital

100

Profit and loss account

6,573

Shareholders' funds

6,673

For the financial year ended 31 August 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 26 September 2014

Mr M I Ali

Director

Company Registration No. 07753885

OFCOM LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013

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 April 2008).

1.2

Turnover

Turnover represents amounts rent receivable.

1.3

Tangible fixed assets and depreciation

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

33% reducing balance

Fixtures, fittings and equipment

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 September 2012

7,965

Additions

640

At 31 August 2013

8,605

Depreciation

At 1 September 2012

2,112

Charge for the year

1,704

At 31 August 2013

3,816

Net book value

At 31 August 2013

4,789

At 31 August 2012

5,853

OFCOM LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2013

- 4 -

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the year, 96 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to increase the working capital.