Onboardvision Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07066866 (England and Wales)

ONBOARDVISION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D N Troiano

Mrs C M Troiano

REGISTERED OFFICE:

26/28 Headlands

Kettering

Northamptonshire

NN15 7HP

REGISTERED NUMBER:

07066866 (England and Wales)

ACCOUNTANTS:

Haines Watts Northamptonshire Limited

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

FIXED ASSETS

Tangible assets

2

12,740

16,294

CURRENT ASSETS

Stocks

1,556

1,275

Debtors

2,938

-

Cash at bank

12,382

18,370

16,876

19,645

CREDITORS

Amounts falling due within one year

25,968

27,574

NET CURRENT LIABILITIES

(9,092

)

(7,929

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,648

8,365

PROVISIONS FOR LIABILITIES

2,548

3,259

NET ASSETS

1,100

5,106

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,099

5,105

SHAREHOLDERS' FUNDS

1,100

5,106

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 13 December 2016 and were signed on its behalf
by:

D N Troiano - 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 invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

55,233

Additions

693

At 31 March 2016

55,926

DEPRECIATION

At 1 April 2015

38,939

Charge for year

4,247

At 31 March 2016

43,186

NET BOOK VALUE

At 31 March 2016

12,740

At 31 March 2015

16,294

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1