Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

OVAL JOINERY LTD - Company Information

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OVAL JOINERY LTD

Company Registration Number:
06556347 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

OVAL JOINERY LTD

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 5,723 7,153
Total fixed assets: 5,723 7,153
Current assets
Debtors: 11,069 19,807
Cash at bank and in hand: 2,863 6,927
Total current assets: 13,932 26,734
Creditors: amounts falling due within one year: ( 70,057 ) ( 68,672 )
Net current assets (liabilities): ( 56,125 ) ( 41,938 )
Total assets less current liabilities: ( 50,402 ) ( 34,785 )
Total net assets (liabilities): ( 50,402 ) ( 34,785 )

The notes form part of these financial statements

OVAL JOINERY LTD

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: ( 50,502 ) ( 34,885 )
Shareholders funds: ( 50,402 ) ( 34,785 )

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 19 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Orlando Rodrigues
Status: Director

The notes form part of these financial statements

OVAL JOINERY LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2015).

    Turnover policy

    Turnover represents net invoiced sales of services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Cost includes the purchase costs and all other costs necessary to bring it in present location and conditions. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 20% reducing balance.

    Other accounting policies

    Going concern: The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities amounting to £50,402 (2015: £34,785). The director has a reasonable expectation the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting.

OVAL JOINERY LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 11,461
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 11,461
    Depreciation
    01 April 2015: 4,308
    Charge for year: 1,430
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 5,738
    Net book value
    31 March 2016: 5,723
    31 March 2015: 7,153

OVAL JOINERY LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

OVAL JOINERY LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Transactions with directors

    Included in creditors at the balance sheet date, is an amount of £65,015 (2015: £62,091) owed to the director in relation to working capital provided to the company.