Company Registration No. 05769418 (England and Wales)
O'MALLEY COST CONSULTANTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
O'MALLEY COST CONSULTANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
O'MALLEY COST CONSULTANTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,148
-
Current assets
Debtors
10,148
6,324
Cash at bank and in hand
70,232
25,657
80,380
31,981
Creditors: amounts falling due within one year
(34,722)
(15,895)
Net current assets
45,658
16,086
Total assets less current liabilities
46,806
16,086
Capital and reserves
Called up share capital
3
10
1
Profit and loss account
46,796
16,085
Shareholders' funds
46,806
16,086
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 January 2017
Mr N O'Malley
Director
Company Registration No. 05769418
O'MALLEY COST CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% Reducing Balance Method
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
-
Additions
1,398
At 30 April 2016
1,398
Depreciation
At 1 May 2015
-
Charge for the year
250
At 30 April 2016
250
Net book value
At 30 April 2016
1,148
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary Share of £1 each
10
1
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