OBJECT_SPACE_PLACE_LIMITE - Accounts

OBJECT SPACE PLACE LIMITED - Company Information

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Company Registration No. 07853907 (England and Wales)

OBJECT SPACE PLACE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

OBJECT SPACE PLACE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OBJECT SPACE PLACE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,780

5,774

Current assets

Debtors

71,810

58,366

Cash at bank and in hand

78,033

140,824

149,843

199,190

Creditors: amounts falling due within one year

(79,323)

(142,559)

Net current assets

70,520

56,631

Total assets less current liabilities

73,300

62,405

Capital and reserves

Called up share capital

Profit and loss account

73,297

62,402

Shareholders' funds

73,300

62,405

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 31 August 2017

Brendan Mullard

David Chenery

Director

Company Registration No. 07853907

OBJECT SPACE PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

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).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

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:

Fixtures, fittings & equipment

25% - Straight line basis

Fixed assets

Tangible assets

Cost

At 1 December 2015 & at 30 November 2016

15,651

Depreciation

At 1 December 2015

9,877

Charge for the year

2,994

At 30 November 2016

12,871

Net book value

At 30 November 2016

2,780

At 30 November 2015

5,774

OBJECT SPACE PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary share 'A' of £1 each

1 Ordinary share 'B' of £1 each

0 Ordinary share 'C' of £1 each

Ultimate parent company

The company has no ultimate controlling parties.