Ollie Owl Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08083974

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

OLLIE OWL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S A Tillett

REGISTERED OFFICE:

Units 1&2 Field View

Baynards Green Business Park

Bicester

Oxfordshire

OX27 7SG

REGISTERED NUMBER:

08083974

ACCOUNTANTS:

Philip Deane Accountancy Limited

Units 1 & 2, Field View

Baynards Green Business Park

Baynards Green

Nr Bicester

Oxfordshire

OX27 7SG

FIXED ASSETS

Tangible assets

4

58,410

73,012

CURRENT ASSETS

Debtors

5

63,310

60,953

CREDITORS

Amounts falling due within one year

6

(61,137

)

(39,518

)

NET CURRENT ASSETS

2,173

21,435

TOTAL ASSETS LESS CURRENT LIABILITIES

60,583

94,447

CREDITORS

Amounts falling due after more than one year

7

(60,208

)

(94,306

)

NET ASSETS

375

141

CAPITAL AND RESERVES

Called up share capital

133

133

Retained earnings

242

8

SHAREHOLDERS' FUNDS

375

141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 May 2017 and were signed by:

Mrs S A Tillett - Director

1.	STATUTORY INFORMATION

Ollie Owl Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

111,836

DEPRECIATION

At 1 January 2016

38,824

Charge for year

14,602

At 31 December 2016

53,426

NET BOOK VALUE

At 31 December 2016

58,410

At 31 December 2015

73,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

13,029

10,709

Other debtors

50,281

50,244

63,310

60,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

6,145

7,301

Trade creditors

6,202

6,207

Taxation and social security

26,049

5,787

Other creditors

22,741

20,223

61,137

39,518

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

60,208

94,306