Abbreviated Company Accounts - OVENSMART SERVICES LIMITED

STAMFORD PLUMBING LIMITED - Company Information

09613857 OVENSMART SERVICES LIMITED 2016-05-31 false 2015-05-29 2016-05-31 true 09613857 2015-05-29 2016-05-31 09613857 2016-05-31 09613857 uk-gaap-cd-bus:Director1 2015-05-29 2016-05-31 09613857 uk-gaap-cd-bus:Director2 2015-05-29 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-29 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 09613857

OVENSMART SERVICES LIMITED

Abbreviated Accounts

31 May 2016

OVENSMART SERVICES LIMITED Registered Number 09613857

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	2,000
Tangible assets	3	8,225
		10,225
Current assets
Debtors		1,531
Cash at bank and in hand		3,379
		4,910
Creditors: amounts falling due within one year		(11,239)
Net current assets (liabilities)		(6,329)
Total assets less current liabilities		3,896
Provisions for liabilities		(975)
Total net assets (liabilities)		2,921
Capital and reserves
Called up share capital	4	10
Profit and loss account		2,911
Shareholders' funds		2,921

For the year ending 31 May 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 27 February 2017

And signed on their behalf by:
A Dean, Director

OVENSMART SERVICES LIMITED Registered Number 09613857

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective January 2015).

Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (excepted as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:-
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
Additions	3,000
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	3,000
Amortisation
Charge for the year	1,000
On disposals	-
At 31 May 2016	1,000
Net book values
At 31 May 2016	2,000

3Tangible fixed assets

	£
Cost
Additions	10,625
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	10,625
Depreciation
Charge for the year	2,400
On disposals	-
At 31 May 2016	2,400
Net book values
At 31 May 2016	8,225

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

	2016 £
10 Ordinary shares of £1 each	10

During the year 10 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.