On Time Joinery Holdings Ltd - Period Ending 2016-07-31

Registration number: 07306137

On Time Joinery Holdings Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

On Time Joinery Holdings Ltd
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.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
On Time Joinery Holdings Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of On Time Joinery Holdings Ltd for the year ended 31 July 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of On Time Joinery Holdings Ltd, 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 On Time Joinery Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than On Time Joinery Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that On Time Joinery Holdings Ltd 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 On Time Joinery Holdings Ltd. You consider that On Time Joinery Holdings Ltd 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 On Time Joinery Holdings Ltd. 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.

......................................

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

21 April 2017

Page 1

On Time Joinery Holdings Ltd
(Registration number: 07306137)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Investments					1			1
Current assets
Debtors					221,644			662,660
Cash at bank and in hand					988,345			446,908
					1,209,989			1,109,568
Creditors: Amounts falling due within one year					(100,501)			(89,470)
Net current assets					1,109,488			1,020,098
Net assets					1,109,489			1,020,099
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					1,109,488			1,020,098
Shareholders' funds					1,109,489			1,020,099

For the year ending 31 July 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 21 April 2017

.........................................
Mr Martin Carroll
Director

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

On Time Joinery Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 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).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 August 2015		1			1
At 31 July 2016		1			1
Depreciation
At 31 July 2016		-			-
Net book value
At 31 July 2016		1			1
At 31 July 2015		1			1

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
On -Time Joinery Limited	United Kingdom	Ordinary	100%	Joinery

Page 3

On Time Joinery Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 4