Company Registration No. 04092012 (England and Wales)
OPTICAL COMMUNICATION SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
OPTICAL COMMUNICATION SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
OPTICAL COMMUNICATION SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
245
325
Current assets
Stocks
8,554
10,402
Debtors
19,467
14,258
Cash at bank and in hand
111,154
116,471
139,175
141,131
Creditors: amounts falling due within one year
(105,166)
(107,848)
Net current assets
34,009
33,283
Total assets less current liabilities
34,254
33,608
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
34,252
33,606
Shareholders' funds
34,254
33,608
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 June 2017
M J Phillips
Director
Company Registration No. 04092012
OPTICAL COMMUNICATION SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.Turnover is recognised when the goods are physically delivered to the customer.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% on reducing balance
Computer equipment
33% on cost
1.5
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
13,628
Depreciation
At 1 October 2015
13,302
Charge for the year
81
At 30 September 2016
13,383
Net book value
At 30 September 2016
245
At 30 September 2015
325
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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