Osmond Reporting Limited - Period Ending 2016-03-31

Registration number: 07980649

Osmond Reporting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Osmond Reporting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Osmond Reporting Limited
(Registration number: 07980649)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,532			2,043
Current assets
Debtors					5,615			4,180
Cash at bank and in hand					11,334			21,418
					16,949			25,598
Creditors: Amounts falling due within one year					(11,875)			(8,866)
Net current assets					5,074			16,732
Total assets less current liabilities					6,606			18,775
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					6,604			18,773
Shareholders' funds					6,606			18,775

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 22 November 2016 and signed on its behalf by:

.........................................
Mrs WA Osmond
Director

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

Osmond Reporting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the provision of transcription services.

Depreciation

Depreciation is 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:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

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	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		3,899			3,899
At 31 March 2016		3,899			3,899
Depreciation
At 1 April 2015		1,856			1,856
Charge for the year		511			511
At 31 March 2016		2,367			2,367
Net book value
At 31 March 2016		1,532			1,532
At 31 March 2015		2,043			2,043

Page 2

Osmond Reporting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by W A Osmond who owns 100% of the called up share capital.

Page 3