Officespan Limited Company Accounts

OFFICESPAN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03569147

Officespan Limited

Filleted Unaudited Financial Statements

31 March 2017

Officespan Limited

Financial Statements

Year ended 31 March 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Officespan Limited

Officers and Professional Advisers

The board of directors	M.J.H Tait
	M. Fleming

Company secretary	M.J.H. Tait

Registered office	Hadrian House
	Front Street
	Chester-le-Street
	Co. Durham
	DH3 3DB

Accountants	Straughans Limited
	Chartered Accountants
	Hadrian House
	Front Street
	Chester le Street
	County Durham
	DH3 3DB

Officespan Limited

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	7,820	8,776
Cash at bank and in hand		3	3
		-------	-------
		7,823	8,779

Creditors: amounts falling due within one year	5	7,820		8,776
		-------		-------
Net current assets			3	3
			----	----
Total assets less current liabilities			3	3
			----	----
Net assets			3	3
			----	----

Capital and reserves

Called up share capital	3	3
	----	----
Members funds	3	3
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 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 financial statements were approved by the board of directors and authorised for issue on 7 September 2017 , and are signed on behalf of the board by:

M.J.H Tait
Director

Company registration number: 03569147

Officespan Limited

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hadrian House, Front Street, Chester-le-Street, Co. Durham, DH3 3DB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2017	2016
	£	£
Other debtors	7,820	8,776
	-------	-------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Other creditors	7,820	8,776
	-------	-------

6. Related party transactions

The directors are also directors in Straughans Limited, Chartered Accountants who are the sub-tenants of the property leased by the company.

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.