Officescape Business Products Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07667221 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015

for

Officescape Business Products Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

Mr A C Greening

Mr T Corrigan

REGISTERED OFFICE:

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

REGISTERED NUMBER:

07667221 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

2

106,960

29,622

CURRENT ASSETS

Stocks

12,804

18,456

Debtors

862,307

839,873

Cash at bank

82,420

21,132

957,531

879,461

CREDITORS

Amounts falling due within one year

925,450

786,205

NET CURRENT ASSETS

32,081

93,256

TOTAL ASSETS LESS CURRENT LIABILITIES

139,041

122,878

CREDITORS

Amounts falling due after more than one year

(49,137

)

-

PROVISIONS FOR LIABILITIES

(10,766

)

(5,924

)

NET ASSETS

79,138

116,954

CAPITAL AND RESERVES

Called up share capital

3

72

72

Retained earnings

79,066

116,882

SHAREHOLDERS' FUNDS

79,138

116,954

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 6 April 2016 and were signed on its behalf by:

Mr A C Greening - Director

Mr T Corrigan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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

At 1 January 2015

82,343

Additions

97,684

At 31 December 2015

180,027

DEPRECIATION

At 1 January 2015

52,721

Charge for year

20,346

At 31 December 2015

73,067

NET BOOK VALUE

At 31 December 2015

106,960

At 31 December 2014

29,622

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

200

Ordinary A Shares

.01

2

2

70

Ordinary B Shares

1

70

70

72

72

4.	ULTIMATE PARENT COMPANY

Upstream Demand Group Limited is regarded by the directors as being the company's ultimate parent company.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2015 and the

period ended 31 December 2014:

2015

2014

£

£

Mr A C Greening

Balance outstanding at start of year

104,356

115,255

Amounts advanced

13,328

61,914

Amounts repaid

(71,305

)

(72,813

)

Balance outstanding at end of year

46,379

104,356

Mr T Corrigan

Balance outstanding at start of year

54,689

49,276

Amounts advanced

10,903

42,783

Amounts repaid

(42,783

)

(37,370

)

Balance outstanding at end of year

22,809

54,689

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

6 April 2016