| Ophiolite Management Services Ltd |
| Registered number: |
04364040 |
| Balance Sheet |
| as at 31 December 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
1,975 |
|
|
1,857 |
|
| Current assets |
| Debtors |
3 |
|
659,094 |
|
|
571,980 |
| Cash at bank and in hand |
|
|
114 |
|
|
3,180 |
|
|
|
659,208 |
|
|
575,160 |
|
| Creditors: amounts falling due within one year |
4 |
|
(168,913) |
|
|
(105,117) |
|
| Net current assets |
|
|
|
490,295 |
|
|
470,043 |
|
| Net assets |
|
|
|
492,270 |
|
|
471,900 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
8,434 |
|
|
8,434 |
| Share premium |
|
|
|
2,880,436 |
|
|
2,880,436 |
| Profit and loss account |
|
|
|
(2,396,600) |
|
|
(2,416,970) |
|
| Shareholder's funds |
|
|
|
492,270 |
|
|
471,900 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| 0 |
| Director |
| Approved by the board on 9 November 2017 |
|
| Ophiolite Management Services Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2016 |
1,857 |
|
Additions |
118 |
|
|
At 31 December 2016 |
1,975 |
|
|
| 3 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade debtors |
212,760 |
|
10,800 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
217,832 |
|
435,624 |
|
Other debtors |
228,502 |
|
125,556 |
|
|
|
|
|
|
659,094 |
|
571,980 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade creditors |
54,800 |
|
57,285 |
|
Taxation and social security costs |
16,024 |
|
12,943 |
|
Other creditors |
98,089 |
|
34,889 |
|
|
|
|
|
|
168,913 |
|
105,117 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Ophiolite Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
89 Whitchurch Gardens |
|
Edgware |
|
Middlesex |
|
HA8 6PG |
