Osborne Vinyl Ltd - Period Ending 2016-06-30

Registration number: 07662644

Osborne Vinyl Ltd

Annual Report and Unaudited Accounts

for the Year Ended 30 June 2016
 

Osborne Vinyl Ltd
(Registration number: 07662644)
Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			13			13
Current assets
Debtors		3			11			11
Net assets					24			24
Capital and reserves
Called up share capital		4			1			1
Profit and loss account					23			23
Shareholders' funds					24			24

For the year ending 30 June 2016 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Approved and authorised for issue by the director on 14 October 2016

.........................................
Mr Andrew David Wormald
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Osborne Vinyl Ltd
Notes to the financial statements for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off their cost or valuation, less any estimated residual value, over their useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Tangible fixed assets

		Office equipment £			Total £
Cost or valuation
At 1 July 2015		1,180			1,180
Depreciation
At 1 July 2015		1,167			1,167
Net book value
At 30 June 2016		13			13
At 30 June 2015		13			13

3

Debtors

		2016 £			2015 £
Other debtors		11			11

Page 2

Osborne Vinyl Ltd
Notes to the financial statements for the Year Ended 30 June 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3