AUTUMN_OAK_LTD - Accounts

AUTUMN OAK LIMITED - Company Information

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Company Registration No. 07443274 (England and Wales)

AUTUMN OAK LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2016

AUTUMN OAK LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AUTUMN OAK LTD

ABBREVIATED BALANCE SHEET

AS AT

30 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,827

1,374

Current assets

Stocks

104,621

89,267

Debtors

93,070

564

Cash at bank and in hand

11,434

7,124

209,125

96,955

Creditors: amounts falling due within one year

(210,044)

(97,915)

Net current liabilities

(919)

(960)

Total assets less current liabilities

908

414

Capital and reserves

Called up share capital

101

201

Profit and loss account

807

213

Shareholders' funds

908

414

For the financial year ended 30 May 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 28 February 2017

Mr P Morris

Director

Company Registration No. 07443274

AUTUMN OAK LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MAY 2016

- 2 -

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:

Plant and machinery

25% reducing balance method

Computer equipment

Straight line over 3 years

1.4

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Cost

At 31 May 2015

3,229

Additions

1,581

At 30 May 2016

4,810

Depreciation

At 31 May 2015

1,855

Charge for the year

1,128

At 30 May 2016

2,983

Net book value

At 30 May 2016

1,827

At 30 May 2015

1,374

AUTUMN OAK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 MAY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

100 Ordinary A shares of £1 each

100

0 Ordinary B shares of £1 each

100

101

201