Company Registration No. 08116196 (England and Wales)
ONE POINT SUPPLIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
ONE POINT SUPPLIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ONE POINT SUPPLIES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
22,580
6,726
Current assets
Stocks
89,000
74,474
Debtors
93,132
35,717
Cash at bank and in hand
1,037
1,909
183,169
112,100
Creditors: amounts falling due within one year
(116,877)
(68,804)
Net current assets
66,292
43,296
Total assets less current liabilities
88,872
50,022
Creditors: amounts falling due after more than one year
(15,903)
-
72,969
50,022
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
72,968
50,021
Shareholder's funds
72,969
50,022
For the financial year ended 30 June 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 member has 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 20 March 2017
Mr Dipum Patel
Director
Company Registration No. 08116196
ONE POINT SUPPLIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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
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 (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
Computer equipment
25% Reducing balance
Motor vehicle
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
12,366
Additions
23,381
At 30 June 2016
35,747
Depreciation
At 1 July 2015
5,640
Charge for the year
7,527
At 30 June 2016
13,167
Net book value
At 30 June 2016
22,580
At 30 June 2015
6,726
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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