Abbreviated Company Accounts - OPEN 24 SEVEN LIMITED

Abbreviated Company Accounts - OPEN 24 SEVEN LIMITED

OPEN 24 SEVEN LIMITED - Company Information

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Registered Number 06307658

OPEN 24 SEVEN LIMITED

Abbreviated Accounts

30 June 2016

OPEN 24 SEVEN LIMITED Registered Number 06307658

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 845,027 605,398
845,027 605,398
Current assets
Stocks 297,868 348,376
Debtors 113,294 29,055
Cash at bank and in hand 24,607 7,548
435,769 384,979
Creditors: amounts falling due within one year 3 (514,267) (591,141)
Net current assets (liabilities) (78,498) (206,162)
Total assets less current liabilities 766,529 399,236
Creditors: amounts falling due after more than one year 3 (652,651) (267,644)
Provisions for liabilities (19,973) (19,973)
Total net assets (liabilities) 93,905 111,619
Capital and reserves
Called up share capital 100 100
Profit and loss account 93,805 111,519
Shareholders' funds 93,905 111,619
  • For the year ending 30 June 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.

Approved by the Board on 31 March 2017

And signed on their behalf by:
L Adams, Director

OPEN 24 SEVEN LIMITED Registered Number 06307658

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 July 2015 656,203
Additions 293,259
Disposals (48,177)
Revaluations -
Transfers -
At 30 June 2016 901,285
Depreciation
At 1 July 2015 50,805
Charge for the year 15,117
On disposals (9,664)
At 30 June 2016 56,258
Net book values
At 30 June 2016 845,027
At 30 June 2015 605,398
3Creditors
2016
£		 2015
£
Secured Debts 835,875 309,311