One Technical Limited - Period Ending 2016-12-31

Registration number: 08111424

One Technical Limited

Unaudited Abbreviated Accounts

for the Period from 1 July 2015 to 31 December 2016

 

One Technical Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

One Technical Limited
(Registration number: 08111424)
Abbreviated Balance Sheet at 31 December 2016

		Note			31 December 2016 £			30 June 2015 £
Fixed assets
Tangible fixed assets					2,139			750
Current assets
Debtors					-			141
Cash at bank and in hand					35,934			121
					35,934			262
Creditors: Amounts falling due within one year					(23,345)			(1,330)
Net current assets/(liabilities)					12,589			(1,068)
Net assets/(liabilities)					14,728			(318)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					14,628			(418)
Shareholders' funds/(deficit)					14,728			(318)

For the year ending 31 December 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 director acknowledges his 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 director on 28 March 2017

.........................................
Josh O'Neill
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

One Technical Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 31 December 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	33.33%
Computer Equipment	33.33%

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		1,778			1,778
Additions		2,083			2,083
At 31 December 2016		3,861			3,861
Depreciation
At 1 July 2015		1,028			1,028
Charge for the period		694			694
At 31 December 2016		1,722			1,722
Net book value
At 31 December 2016		2,139			2,139
At 30 June 2015		750			750

Page 2

One Technical Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 31 December 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2016						30 June 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3