Abbreviated Company Accounts - OCITO LIMITED

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Registered Number 04873240

OCITO LIMITED

Abbreviated Accounts

30 September 2016

OCITO LIMITED Registered Number 04873240

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	303
		-	303
Current assets
Debtors		3,853	5,324
Cash at bank and in hand		404,529	302,908
		408,382	308,232
Creditors: amounts falling due within one year		(103,569)	(91,531)
Net current assets (liabilities)		304,813	216,701
Total assets less current liabilities		304,813	217,004
Total net assets (liabilities)		304,813	217,004
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		304,713	216,904
Shareholders' funds		304,813	217,004

For the year ending 30 September 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 28 June 2017

And signed on their behalf by:
Sir Antony Beevor, Director

OCITO LIMITED Registered Number 04873240

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of royalties receivable during the year, exclusive of Value Added Tax. Revenue is recognised once royalties are recevied by the Company or their agents.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 33% straight line

2Tangible fixed assets

	£
Cost
At 1 October 2015	3,793
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	3,793
Depreciation
At 1 October 2015	3,490
Charge for the year	303
On disposals	-
At 30 September 2016	3,793
Net book values
At 30 September 2016	0
At 30 September 2015	303

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
40 A Ordinary shares of £1 each	40	40
40 B Ordinary shares of £1 each	40	40
10 C Ordinary shares of £1 each	10	10
10 D Ordinary shares of £1 each	10	10