Offcider Limited - Period Ending 2016-05-31

Registration number: 9053002

Offcider Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Offcider Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Offcider Limited
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Offcider Limited for the year ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Offcider Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Offcider Limited and state those matters that we have agreed to state to them, as a body in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Offcider Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Offcider Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Offcider Limited. You consider that Offcider Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Offcider Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

Page 1

Offcider Limited
(Registration number: 9053002)
Abbreviated Balance Sheet at 31 May 2016

		Note			31 May 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets					413,949			388,115
Current assets
Cash at bank and in hand					9,839			5,388
Creditors: Amounts falling due within one year		3			(132,591)			(129,799)
Net current liabilities					(122,752)			(124,411)
Total assets less current liabilities					291,197			263,704
Creditors: Amounts falling due after more than one year		3			(250,017)			(262,970)
Net assets					41,180			734
Capital and reserves
Called up share capital		4			1			1
Profit and loss account					41,179			733
Shareholders' funds					41,180			734

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 27 February 2017

Mr Justin Werb
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Offcider Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		388,115			388,115
Additions		25,834			25,834
At 31 May 2016		413,949			413,949
Depreciation
At 31 May 2016		-			-
Net book value
At 31 May 2016		413,949			413,949
At 31 May 2015		388,115			388,115

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		31 May 2016 £			31 May 2015 £
After more than five years by instalments		250,017			262,970
		250,017			262,970

Page 3

Offcider Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	31 May 2016						31 May 2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4