Abbreviated Company Accounts - ORION OILFIELD SERVICES LIMITED

ORION OILFIELD SERVICES LIMITED - Company Information

08294325 ORION OILFIELD SERVICES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08294325 2015-04-01 2016-03-31 08294325 2016-03-31 08294325 2015-03-31 08294325 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08294325 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08294325

ORION OILFIELD SERVICES LIMITED

Abbreviated Accounts

31 March 2016

ORION OILFIELD SERVICES LIMITED Registered Number 08294325

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	16,444	20,555
		16,444	20,555
Current assets
Debtors		397	417
Cash at bank and in hand		4	193
		401	610
Creditors: amounts falling due within one year		(1,000)	(1,000)
Net current assets (liabilities)		(599)	(390)
Total assets less current liabilities		15,845	20,165
Creditors: amounts falling due after more than one year		(88,025)	(61,590)
Total net assets (liabilities)		(72,180)	(41,425)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(72,182)	(41,427)
Shareholders' funds		(72,180)	(41,425)

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 22 December 2016

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

ORION OILFIELD SERVICES LIMITED Registered Number 08294325

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 January 2015.

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

Tangible assets depreciation policy
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 reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	31,238
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	31,238
Depreciation
At 1 April 2015	10,683
Charge for the year	4,111
On disposals	-
At 31 March 2016	14,794
Net book values
At 31 March 2016	16,444
At 31 March 2015	20,555

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2