One Team Logic Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09075059 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

One Team Logic Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M P Baker

M D Glanville

D Morton

G Thomas

REGISTERED OFFICE:

Unit 2

Talbot Green Business Park

Talbot Green

Rhondda Cynon Taff

CF72 9FG

REGISTERED NUMBER:

09075059 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Tangible assets

2

1,965

CURRENT ASSETS

Debtors

17,391

Cash at bank

3,796

21,187

CREDITORS

Amounts falling due within one year

19,300

NET CURRENT ASSETS

1,887

TOTAL ASSETS LESS CURRENT LIABILITIES

3,852

CAPITAL AND RESERVES

Called up share capital

3

1,026

Share premium

9,974

Profit and loss account

(7,148

)

SHAREHOLDERS' FUNDS

3,852

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 June 2016 and were signed on its behalf by:

D Morton - Director

M P Baker - Director

M D Glanville - Director

G Thomas - 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 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.

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,620

At 31 December 2015

2,620

DEPRECIATION

Charge for year

655

At 31 December 2015

655

NET BOOK VALUE

At 31 December 2015

1,965

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,026

Ordinary Shares

1

1,026

1,026 Ordinary Shares were issued in the year at a nominal value of £1 each.