Oyinx Limited - Period Ending 2016-10-31
Oyinx Limited - Period Ending 2016-10-31
Registration number:
for the Year Ended
Oyinx Limited
Contents
|
|||
|
|||
|
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 Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oyinx Limited
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oyinx Limited for the year ended 31 October 2016 set out on pages 2-4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Oyinx Limited, 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 Oyinx Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oyinx Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oyinx Limited 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 Oyinx Limited. You consider that Oyinx Limited 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 Oyinx Limited. 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.
......................................
PKP & Company Limited
Chartered Certified Accountants
1 Forum House
Empire Way
Wembley
HA9 0AB
24 July 2017
Oyinx Limited
(Registration number: 06717353)
Abbreviated Balance Sheet at 31 October 2016
Note |
2016
|
2015
|
|||||||
Fixed assets |
|||||||||
Tangible fixed assets |
|
|
|||||||
Current assets |
|||||||||
Cash at bank and in hand |
|
|
|||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current assets/(liabilities) |
|
( |
|||||||
Net assets |
|
|
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
( |
|||||||
Shareholders' funds |
|
|
Approved by the Board on
.........................................
Mr Albert Alaba Ogunsanya
Director
2
Oyinx Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures, fittings & equipment |
|
Fixed assets |
Tangible assets
|
Total
|
|||||
Cost |
||||||
At 1 November 2015 |
8,389 |
8,389 |
||||
Additions |
365 |
365 |
||||
At 31 October 2016 |
8,754 |
8,754 |
||||
Depreciation |
||||||
At 1 November 2015 |
4,761 |
4,761 |
||||
Charge for the year |
1,286 |
1,286 |
||||
At 31 October 2016 |
6,047 |
6,047 |
||||
Net book value |
||||||
At 31 October 2016 |
|
|
||||
At 31 October 2015 |
|
|
Oyinx Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
Ordinary shares of £1 each |
1,000 |
1,000 |
1,000 |
1,000 |
||||||||