Origin Product Design Limited - Abbreviated accounts 16.3

Origin Product Design Limited - Abbreviated accounts 16.3

ORIGIN PRODUCT DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 04579482 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMBER 2016

FOR

ORIGIN PRODUCT DESIGN LIMITED

ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH NOVEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ORIGIN PRODUCT DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2016







DIRECTOR: A J Pearson





SECRETARY:





REGISTERED OFFICE: 32a East Street
St. Ives
Cambs
PE27 5PD





REGISTERED NUMBER: 04579482 (England and Wales)





ACCOUNTANTS: Tacconi Green and Co
Accountants
32a East Street
St. Ives
Cambs
PE27 5PD
Page 1
ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)

ABBREVIATED BALANCE SHEET
30TH NOVEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,417 2,417
Tangible assets 3 46,815 34,420
Investments 4 20,000 20,000
68,232 56,837

CURRENT ASSETS
Debtors 186,449 180,113
Cash at bank - 21,049
186,449 201,162
CREDITORS
Amounts falling due within one year 88,102 190,565
NET CURRENT ASSETS 98,347 10,597
TOTAL ASSETS LESS CURRENT
LIABILITIES
166,579
67,434

CREDITORS
Amounts falling due after more than one
year
13,965
-
NET ASSETS 152,614 67,434

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 152,514 67,334
SHAREHOLDERS' FUNDS 152,614 67,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)

ABBREVIATED BALANCE SHEET - continued
30TH NOVEMBER 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3rd August 2017 and were signed by:





A J Pearson - Director


The notes form part of these abbreviated accounts

Page 3
ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH NOVEMBER 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of fifteen years.

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

Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st December 2015
and 30th November 2016 15,000
AMORTISATION
At 1st December 2015 12,583
Amortisation for year 1,000
At 30th November 2016 13,583
NET BOOK VALUE

At 30th November 2016 1,417
At 30th November 2015 2,417

Page 4 continued...
ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st December 2015 251,697
Additions 20,575
At 30th November 2016 272,272
DEPRECIATION
At 1st December 2015 217,277
Charge for year 8,180
At 30th November 2016 225,457
NET BOOK VALUE
At 30th November 2016 46,815
At 30th November 2015 34,420

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st December 2015
and 30th November 2016 20,000
NET BOOK VALUE
At 30th November 2016 20,000
At 30th November 2015 20,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2016 and
30th November 2015:

2016 2015
£    £   
A J Pearson
Balance outstanding at start of year 118,283 30,599
Amounts advanced - 87,684
Amounts repaid (63,402 ) -
Balance outstanding at end of year 54,881 118,283

Page 5 continued...
ORIGIN PRODUCT DESIGN LIMITED (REGISTERED NUMBER: 04579482)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2016

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year dividends of £8,500 were paid to Mr A J Pearson, a director and sole shareholder of the
company.

During the year the company paid £15,875 in respect of consultancy fees under normal commercial terms to
Origin Product Design, a business operated and owned by Mr A J Pearson.

Page 6