Abbreviated Company Accounts - O.R. BUILDING SERVICES LIMITED

O.R. BUILDING SERVICES LIMITED - Company Information

02748859 O.R. BUILDING SERVICES LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 02748859 2015-05-01 2016-04-30 02748859 2016-04-30 02748859 2015-04-30 02748859 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 02748859 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 02748859

O.R. BUILDING SERVICES LIMITED

Abbreviated Accounts

30 April 2016

O.R. BUILDING SERVICES LIMITED Registered Number 02748859

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	40,334	28,504
		40,334	28,504
Current assets
Stocks		374,011	93,683
Debtors		254,305	124,071
Cash at bank and in hand		168,211	100,032
		796,527	317,786
Creditors: amounts falling due within one year		(617,538)	(204,358)
Net current assets (liabilities)		178,989	113,428
Total assets less current liabilities		219,323	141,932
Total net assets (liabilities)		219,323	141,932
Capital and reserves
Called up share capital	3	99	99
Profit and loss account		219,224	141,833
Shareholders' funds		219,323	141,932

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 September 2016

And signed on their behalf by:
C Pinnick, Director

O.R. BUILDING SERVICES LIMITED Registered Number 02748859

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts, adjusted for changes in Work in Progress.

Tangible assets depreciation policy
Fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives in monthly instalments on the following bases:
Motor Vehicles - 25% reducing balance basis
Office Equipment - 25% reducing balance basis

Other accounting policies
Leasing and Hire Purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives, or in the case of assets held under hire purchase agreements over their useful economic life. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 May 2015	82,135
Additions	25,278
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	107,413
Depreciation
At 1 May 2015	53,631
Charge for the year	13,448
On disposals	-
At 30 April 2016	67,079
Net book values
At 30 April 2016	40,334
At 30 April 2015	28,504

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
99 Ordinary shares of £1 each	99	99