Open Source Intelligence Centre Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07195790 (England and Wales)

OPEN SOURCE INTELLIGENCE CENTRE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 APRIL 2013 TO 28 FEBRUARY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

S R Leece

J Rands

REGISTERED OFFICE:

Albury Mill

Mill Lane

Chilworth

Guildford

London

GU4 8RU

REGISTERED NUMBER:

07195790 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

FIXED ASSETS

Tangible assets

2

680

719

CURRENT ASSETS

Cash at bank

-

1,536

CREDITORS

Amounts falling due within one year

(2,977

)

(3,195

)

NET CURRENT LIABILITIES

(2,977

)

(1,659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,297

)

(940

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(2,298

)

(941

)

SHAREHOLDERS' FUNDS

(2,297

)

(940

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 28 November 2014 and were signed on its behalf by:

S R Leece - Director

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 April 2008) and on a going concern basis. In the

directors opinion this basis is appropriate given that they have agreed to continue to finance the company and to

meet its liabilities as they fall due.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date. Timing differences are differences between the

company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing

differences are expected to reverse, based on the tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,232

Additions

300

At 28 February 2014

1,532

DEPRECIATION

At 1 April 2013

513

Charge for period

339

At 28 February 2014

852

NET BOOK VALUE

At 28 February 2014

680

At 31 March 2013

719

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Open Source Intelligence Centre Limited for the period ended 28 February 2014 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Open Source Intelligence Centre Limited, as a body, in accordance

with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements

of Open Source Intelligence Centre Limited and state those matters that we have agreed to state to the Board of Directors

of Open Source Intelligence Centre Limited, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other

than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Open Source Intelligence Centre Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of

Open Source Intelligence Centre Limited. You consider that Open Source Intelligence Centre Limited is exempt from the

statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Open Source Intelligence

Centre 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 financial

statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights

against Bessler Hendrie for any purpose or in any context. Any party, other than the Directors which obtain access to this

report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

28 November 2014