Oaklands Information Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06134304 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Oaklands Information Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Barrow

REGISTERED OFFICE:

61 Robbery Bottom Lane

Welwyn

Hertfordshire

AL6 0UL

REGISTERED NUMBER:

06134304 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

2

1,161

556

CURRENT ASSETS

Debtors

25,800

26,693

Cash at bank

23,904

7,095

49,704

33,788

CREDITORS

Amounts falling due within one year

(28,371

)

(24,264

)

NET CURRENT ASSETS

21,333

9,524

TOTAL ASSETS LESS CURRENT LIABILITIES

22,494

10,080

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

22,394

9,980

SHAREHOLDERS' FUNDS

22,494

10,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 September 2016 and were signed by:

J Barrow - 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 services, 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.

Plant and machinery

-

25% on reducing balance

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 April 2015

1,121

Additions

992

At 31 March 2016

2,113

DEPRECIATION

At 1 April 2015

565

Charge for year

387

At 31 March 2016

952

NET BOOK VALUE

At 31 March 2016

1,161

At 31 March 2015

556

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary A Shares

£1

50

50

50

Ordinary B Shares

£1

50

50

100

100

4.	ULTIMATE CONTROLLING PARTY