Abbreviated Company Accounts - STEVEN OATES LIMITED

STEVEN OATES LIMITED - Company Information

Registered Number 05086580

STEVEN OATES LIMITED

Abbreviated Accounts

31 March 2016

STEVEN OATES LIMITED Registered Number 05086580

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	14,814	22,711
		14,814	22,711
Current assets
Debtors		374,294	264,521
Cash at bank and in hand		65,918	191,488
		440,212	456,009
Creditors: amounts falling due within one year		(67,355)	(65,096)
Net current assets (liabilities)		372,857	390,913
Total assets less current liabilities		387,671	413,624
Creditors: amounts falling due after more than one year		(124,177)	(100,355)
Total net assets (liabilities)		263,494	313,269
Capital and reserves
Called up share capital		3	3
Profit and loss account		263,491	313,266
Shareholders' funds		263,494	313,269

For the year ending 31 March 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 4 November 2016

And signed on their behalf by:
Mr C Kyle, Director

STEVEN OATES LIMITED Registered Number 05086580

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation has been provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Motor Vehicles - 25% on written down value
Plant & Machinery - Over 4 years on a straight line basis

2Tangible fixed assets

	£
Cost
At 1 April 2015	222,249
Additions	15,674
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	237,923
Depreciation
At 1 April 2015	199,538
Charge for the year	23,571
On disposals	-
At 31 March 2016	223,109
Net book values
At 31 March 2016	14,814
At 31 March 2015	22,711