Ozone Interiors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05998453 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Ozone Interiors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C P Howes

B L Vincent

REGISTERED OFFICE:

Mortimer House

49 Church Street

Theale

Reading

Berkshire

REGISTERED NUMBER:

05998453 (England and Wales)

ACCOUNTANTS:

Kirkpatrick & Hopes Ltd

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

FIXED ASSETS

Tangible assets

2

3,757

5,840

CURRENT ASSETS

Debtors

70,100

117,635

Cash at bank

105,496

201,486

175,596

319,121

CREDITORS

Amounts falling due within one year

162,027

265,829

NET CURRENT ASSETS

13,569

53,292

TOTAL ASSETS LESS CURRENT LIABILITIES

17,326

59,132

PROVISIONS FOR LIABILITIES

738

1,151

NET ASSETS

16,588

57,981

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

16,586

57,979

SHAREHOLDERS' FUNDS

16,588

57,981

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 directors acknowledge their 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 Board of Directors on 2 December 2016 and were signed on its behalf by:

C P Howes - Director

B L Vincent - 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 sales of services, excluding value added tax. Income is recognised when the company

obtains the right to consideration.

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

-

20% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern justification

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

18,534

Additions

819

At 31 March 2016

19,353

DEPRECIATION

At 1 April 2015

12,694

Charge for year

2,902

At 31 March 2016

15,596

NET BOOK VALUE

At 31 March 2016

3,757

At 31 March 2015

5,840

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES