Company Registration No. 08012821 (England and Wales)
ORAN ENGINEERING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ORAN ENGINEERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ORAN ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
200
Current assets
Cash at bank and in hand
109,178
131,875
Creditors: amounts falling due within one year
(72,932)
(53,120)
Net current assets
36,246
78,755
Total assets less current liabilities
36,246
78,955
Provisions for liabilities
(80)
(80)
36,166
78,875
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
36,165
78,874
Shareholders' funds
36,166
78,875
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 20 October 2016
Mr D Kelly
Director
Company Registration No. 08012821
ORAN ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
25% Straight Line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
800
Depreciation
At 1 April 2015
600
Charge for the year
200
At 31 March 2016
800
Net book value
At 31 March 2016
-
At 31 March 2015
200
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1
1
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