Orangezone London Ltd - Abbreviated accounts

ORANGEZONE LONDON LTD - Company Information

Registered number

09070497

Orangezone London Ltd

Unaudited Abbreviated Accounts

30 June 2016

Orangezone London Ltd
Registered number:		09070497
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		23,113			-
Tangible assets	3		383			-
			23,496			-

Current assets
Debtors		7,107			4,527
Cash at bank and in hand		7,810			3,907
		14,917			8,434

Creditors: amounts falling due within one year		(12,555)			(11,817)

Net current assets/(liabilities)			2,362			(3,383)

Net assets/(liabilities)			25,858			(3,383)

Capital and reserves
Called up share capital	4		4			2
Profit and loss account			25,854			(3,385)

Shareholders' funds			25,858			(3,383)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Paul Norman
Director
Approved by the board on 21 December 2016

Orangezone London Ltd
Notes to the Abbreviated Accounts
for the year ended 30 June 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and it's operations for the 12 months from the approval of the financial statements and considers it appropriate to prepare the financial statements on a going concern basis.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of services provided to customers net of VAT. In respect of contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced regognised by reference to the stage of completion.

	Research and development
	Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures, fittings and equipment			20% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Intangible fixed assets					£

	Cost
	Additions					28,891
	At 30 June 2016					28,891

	Amortisation
	Provided during the year					5,778
	At 30 June 2016					5,778

	Net book value
	At 30 June 2016					23,113


3	Tangible fixed assets					£

	Cost
	Additions					396
	At 30 June 2016					396

	Depreciation
	Charge for the year					13
	At 30 June 2016					13

	Net book value
	At 30 June 2016					383


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		4		4		2

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		2		2