Abbreviated Company Accounts - OUT OF BAND SOLUTIONS LIMITED

COMMUNICATION DEVICES INTERNATIONAL LTD - Company Information

06479380 OUT OF BAND SOLUTIONS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06479380 2015-04-01 2016-03-31 06479380 2016-03-31 06479380 2015-03-31 06479380 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06479380 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 06479380

OUT OF BAND SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

OUT OF BAND SOLUTIONS LIMITED Registered Number 06479380

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	558	1,764
Investments	3	505	505
		1,063	2,269
Current assets
Stocks		26,516	18,905
Debtors		70,440	73,410
Cash at bank and in hand		12,140	23,700
		109,096	116,015
Creditors: amounts falling due within one year		(102,302)	(88,229)
Net current assets (liabilities)		6,794	27,786
Total assets less current liabilities		7,857	30,055
Provisions for liabilities		(112)	(353)
Total net assets (liabilities)		7,745	29,702
Capital and reserves
Called up share capital	4	605	605
Profit and loss account		7,140	29,097
Shareholders' funds		7,745	29,702

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 16 December 2016

And signed on their behalf by:
Mr David Theobold, Director

OUT OF BAND SOLUTIONS LIMITED Registered Number 06479380

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 net invoiced sales of good, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures and fixings -25% straight line
Computer Equipment -25% straight line

Other accounting policies
Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items.

Pension Costs
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss account in the period in which they are payable.

Foreign Currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Deferred Tax
Deferred tax is provided in full on timing differences that have originatedbut not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2015	15,973
Additions	367
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,340
Depreciation
At 1 April 2015	14,209
Charge for the year	1,573
On disposals	-
At 31 March 2016	15,782
Net book values
At 31 March 2016	558
At 31 March 2015	1,764

3Fixed assets Investments
Cost £
At 1 April 2015 505
At 31 March 2016 505

Net Book Value
At 1April 2015 505
At 31st March 2016 505

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
605 Ordinary shares of £1 each	605	605