Orestone Services Limited - Abbreviated accounts 16.3

ORESTONE SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W J Dagworthy

I L Betts

SECRETARY:

Mrs G E Dagworthy

REGISTERED OFFICE:

22 Union Street

Newton Abbot

Devon

TQ12 2JS

REGISTERED NUMBER:

04005485 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

2

-

1,617

CURRENT ASSETS

Debtors

300

-

Cash at bank

2

389

302

389

CREDITORS

Amounts falling due within one year

300

1,415

NET CURRENT ASSETS/(LIABILITIES)

2

(1,026

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

591

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

-

589

SHAREHOLDERS' FUNDS

2

591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 March 2017 and were signed on its behalf by:

W J Dagworthy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

19,991

Disposals

(19,991

)

At 30 June 2016

-

DEPRECIATION

At 1 July 2015

18,374

Eliminated on disposal

(18,374

)

At 30 June 2016

-

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

1,617

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2