Oracle Developments Limited - Limited company - abbreviated

REGISTERED NUMBER: 03761894 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 May 2013 to 31 March 2014

for

Oracle Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C J Roberts

Mrs P A Roberts

SECRETARY:

Mrs P A Roberts

REGISTERED OFFICE:

Brook Cottage

Stoke Road

Paignton

Devon

TQ4 7PA

REGISTERED NUMBER:

03761894 (England and Wales)

ACCOUNTANTS:

Mark Ward Chartered Certified Accountants

First Floor, CEF Building

Broomhill Way

Torquay

Devon

TQ2 7QN

CURRENT ASSETS

Stocks

2,980,948

Cash at bank and in hand

102

2,981,050

CREDITORS

Amounts falling due within one year

74,027

58,500

NET CURRENT ASSETS

2,907,023

2,922,550

TOTAL ASSETS LESS CURRENT LIABILITIES

2,907,023

2,922,550

CREDITORS

Amounts falling due after more than one
year

2

2,860,728

2,888,350

NET ASSETS

46,295

34,200

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

46,195

34,100

SHAREHOLDERS' FUNDS

46,295

34,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 12 October 2014 and were signed on its behalf
by:

C J Roberts - 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 April 2008).

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14

30.4.13

£

Repayable by instalments

1,600,400

1,609,400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

30.4.13

value:

£

100

Ordinary 'A'

£1

100

Oracle Developments Limited - Limited company - abbreviated - 11.6

Oracle Developments Limited - Limited company - abbreviated - 11.6