Ourtec Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09398565 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 21 January 2015 to 30 November 2015

for

Ourtec Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Ashenden

M Dalby

REGISTERED OFFICE:

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

REGISTERED NUMBER:

09398565 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

FIXED ASSETS

Tangible assets

2

1,050

CURRENT ASSETS

Stocks

500

Cash at bank

2,108

2,608

CREDITORS

Amounts falling due within one year

(6,072

)

NET CURRENT LIABILITIES

(3,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,414

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(2,514

)

SHAREHOLDERS' FUNDS

(2,414

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 18 August 2016 and were signed on its behalf by:

C Ashenden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

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.

Motor vehicles

-

25% pa on written down value

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,400

At 30 November 2015

1,400

DEPRECIATION

Charge for period

350

At 30 November 2015

350

NET BOOK VALUE

At 30 November 2015

1,050

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2015:

£

C Ashenden

Balance outstanding at start of period

-

Amounts advanced

6,619

Amounts repaid

(11,625

)

Balance outstanding at end of period

(5,006

)

The director has provided the company a loan, this loan is unsecured, interest free and repayable upon demand.