| O'REILLY CONSULTING LIMITED |
| Registered number: |
03034995 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
450,114 |
|
|
451,208 |
|
| Current assets |
| Debtors |
|
|
2,592 |
|
|
32,736 |
| Cash at bank and in hand |
|
|
143,053 |
|
|
105,814 |
|
|
|
145,645 |
|
|
138,550 |
|
| Creditors: amounts falling due within one year |
|
|
(18,171) |
|
|
(11,094) |
|
| Net current assets |
|
|
|
127,474 |
|
|
127,456 |
|
| Net assets |
|
|
|
577,588 |
|
|
578,664 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
115 |
|
|
115 |
| Profit and loss account |
|
|
|
577,473 |
|
|
578,549 |
|
| Shareholders' funds |
|
|
|
577,588 |
|
|
578,664 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| CHARLES O'REILLY |
| Director |
| Approved by the board on 12 October 2016 |
|
| O'REILLY CONSULTING LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
|
Investment properties |
|
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
525,959 |
|
At 31 March 2016 |
525,959 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
74,751 |
|
Charge for the year |
1,094 |
|
At 31 March 2016 |
75,845 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
450,114 |
|
At 31 March 2015 |
451,208 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
115 |
|
115 |
|
115 |
|
|
|
|
|
|
|
|
|
