Oliver Charles Antiques Limited,Ltd - Accounts

OLIVER CHARLES ANTIQUES LIMITED - Company Information

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Oliver Charles Antiques Limited

For the year ended 30 November 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04322225

Contents Page

Oliver Charles Antiques Limited

For the year ended 30 November 2015

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Oliver Charles Antiques Limited

Chartered Accountants' Report

For the year ended 30 November 2015

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Oliver Charles Antiques Limited for the year ended 30 November 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Oliver Charles Antiques Limited, as a body, in accordance

with the terms of our engagement letter dated 27 August 2010. Our work has been undertaken solely to prepare for

your approval the accounts of Oliver Charles Antiques Limited and state those matters that we have agreed to state

to the Board of Directors of Oliver Charles Antiques Limited, as a body, in this report in accordance with AAF 2/10

as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Oliver Charles Antiques Limited and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure that Oliver Charles Antiques Limited has kept adequate accounting records to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Oliver Charles

Antiques Limited. You consider that Oliver Charles Antiques Limited is exempt from the statutory audit requirement

for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oliver Charles Antiques Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

S F Brocklehurst & Co

Forest Lodge

Forest Road

Pyrford

Surrey

GU22 8NA

31 August 2016

Dated:

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Abbreviated Balance Sheet

Oliver Charles Antiques Limited

As at 30 November 2015

04322225

Registered Number :

2015

Notes

2014

Current assets

Stocks

149,942

152,722

149,942

Creditors: amounts falling due within one year

(145,004)

(150,000)

4,938

2,722

Net current assets

Total assets less current liabilities

2,722

4,938

Creditors: amounts falling due after more than one year

(50,000)

(55,000)

(52,278)

Net liabilities

(45,062)

Capital and reserves

Called up share capital

Profit and loss account

(52,280)

(45,064)

(52,278)

(45,062)

Shareholders funds

For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 31 August 2016

A Gardner Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Oliver Charles Antiques Limited

For the year ended 30 November 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

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

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer and Office Equipment

33.3% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

17,777

At 01 December 2014

At 30 November 2015

17,777

Depreciation

17,777

At 01 December 2014

17,777

At 30 November 2015

Net book values

At 30 November 2015

At 30 November 2014

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Notes to the Abbreviated Financial Statements

Oliver Charles Antiques Limited

For the year ended 30 November 2015

3 Share capital

Allotted called up and fully paid

2015

2014

2 Ordinary shares of £1.00 each

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