Micro-entity Accounts - OWENS GROUND MAINTENANCE LIMITED

OWENS GROUND MAINTENANCE LIMITED - Company Information

06427806 OWENS GROUND MAINTENANCE LIMITED 2017-04-30 false 2016-05-01 2017-04-30 true 06427806 2016-05-01 2017-04-30 06427806 2017-04-30 06427806 2016-04-30 06427806 uk-gaap-cd-bus:Director1 2016-05-01 2017-04-30 06427806 uk-gaap-cd-bus:Director2 2016-05-01 2017-04-30 06427806 uk-gaap-cd-bus:AllEntityOfficers 2016-05-01 2017-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-01 2017-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2017-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 iso4217:GBP shares

Registered Number 06427806

OWENS GROUND MAINTENANCE LIMITED

Micro-entity Accounts

30 April 2017

OWENS GROUND MAINTENANCE LIMITED Registered Number 06427806

Micro-entity Balance Sheet as at 30 April 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	15,239	12,019
		15,239	12,019
Current assets
Debtors		7,197	5,185
Cash at bank and in hand		107	5,164
		7,304	10,349
Creditors: amounts falling due within one year		(21,327)	(21,593)
Net current assets (liabilities)		(14,023)	(11,244)
Total assets less current liabilities		1,216	775
Total net assets (liabilities)		1,216	775
Capital and reserves
Called up share capital	2	10	10
Profit and loss account		1,206	765
Shareholders' funds		1,216	775

For the year ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 January 2018

And signed on their behalf by:
Owen Follis, Director

OWENS GROUND MAINTENANCE LIMITED Registered Number 06427806

Notes to the Micro-entity Accounts for the period ended 30 April 2017

1Tangible fixed assets

	£
Cost
At 1 May 2016	40,031
Additions	8,300
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2017	48,331
Depreciation
At 1 May 2016	28,012
Charge for the year	5,080
On disposals	-
At 30 April 2017	33,092
Net book values
At 30 April 2017	15,239
At 30 April 2016	12,019

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
1 Ordinary shares of £100 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
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 policy
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 assets depreciation policy
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:
Motor Vehicles 25% Reducing balance basis
Plant and Machinery 25% Reducing balance basis