Abbreviated Company Accounts - O P N CONSULTANCY LIMITED

Abbreviated Company Accounts - O P N CONSULTANCY LIMITED

O P N CONSULTANCY LIMITED - Company Information

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Registered Number 07483891

O P N CONSULTANCY LIMITED

Abbreviated Accounts

31 March 2016

O P N CONSULTANCY LIMITED Registered Number 07483891

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 66 466
66 466
Current assets
Debtors 13,646 64,319
Cash at bank and in hand 4,411 82,319
18,057 146,638
Creditors: amounts falling due within one year (1,260) (68,456)
Net current assets (liabilities) 16,797 78,182
Total assets less current liabilities 16,863 78,648
Total net assets (liabilities) 16,863 78,648
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 16,763 78,548
Shareholders' funds 16,863 78,648
  • 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 14 December 2016

And signed on their behalf by:
M D COX, Director

O P N CONSULTANCY LIMITED Registered Number 07483891

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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:

Office equipment – 20% straight line basis
Computer equipment - 33% straight line basis

Other accounting policies
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 expenses in the profit and loss account.

2Tangible fixed assets
£
Cost
At 1 April 2015 3,594
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 3,594
Depreciation
At 1 April 2015 3,128
Charge for the year 400
On disposals -
At 31 March 2016 3,528
Net book values
At 31 March 2016 66
At 31 March 2015 466
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: M D Cox
Description of the transaction: Director's current account
Balance at 1 April 2015: -
Advances or credits made: £ 300
Advances or credits repaid: -
Balance at 31 March 2016: £ 300