OFF3R_LTD - Accounts

OFF3R LTD - Company Information

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Company Registration No. 09663453 (England and Wales)

OFF3R LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

OFF3R LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OFF3R LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OFF3R LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

3,477

Current assets

Debtors

25,895

Cash at bank and in hand

140,377

166,272

Creditors: amounts falling due within one year

(20,420)

Net current assets

145,852

Total assets less current liabilities

149,329

Capital and reserves

Called up share capital

364

Share premium account

390,993

Profit and loss account

(242,028)

Shareholders' funds

149,329

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 November 2016

Mr J D Mackonochie

Director

Company Registration No. 09663453

OFF3R LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment - 33% Straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 9 September 2015

Additions

3,751

At 30 June 2016

3,751

Depreciation

At 9 September 2015 & at 30 June 2016

274

Net book value

At 30 June 2016

3,477

Share capital

2016

Allotted, called up and fully paid

36,400 Ordinary of 1p each

364

OFF3R LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Ultimate parent company

The ultimate controlling party is Quintessentially Ventures Ltd who own 36% of the Company.