Accounts filed on 31-08-2017


Registered number: 08163914






Onboardonline Limited


ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2017
























Prepared By:
Martin Nye Limited
Chartered Certified Accountants
186 High Street
Winslow
Buckinghamshire
MK18 3DQ


ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2017





DIRECTORS
Ms. S. Watson


REGISTERED OFFICE
186 High Street
Winslow
Buckinghamshire
MK18 3DQ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08163914



ACCOUNTANTS
Martin Nye Limited
Chartered Certified Accountants
186 High Street
Winslow
Buckinghamshire
MK18 3DQ


ACCOUNTS
FOR THEYEARENDED31 AUGUST 2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 August 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Intangible assets	2		982		1,178
Tangible assets	3		57,028		66,683

			58,010		67,861

CURRENT ASSETS
Debtors	4	7,611		7,002
Cash at bank and in hand		13,312		1,088
		20,923		8,090
CREDITORS: Amounts falling due within one year	5	17,247		42,335
NET CURRENT ASSETS / (LIABILITIES)			3,676		(34,245)
TOTAL ASSETS LESS CURRENT LIABILITIES			61,686		33,616


CREDITORS: Amounts falling due after more than one year	6		125,935		140,000

NET LIABILITIES			(64,249)		(106,384)

CAPITAL AND RESERVES

Called up share capital	8		315,789		300,000
Share premium account			34,211		-
Profit and loss account			(414,249)		(406,384)
SHAREHOLDERS' FUNDS			(64,249)		(106,384)

For the year ending 31 August 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22 May 2018 and signed on their behalf by



.............................
Ms. S. Watson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Transition To New Accounting Framework
These financial statements for the year ended 31st August 2017 are the first financial statements that comply with FRS102 S1a Small Entities. The date of transition is 1st September 2015. The transition to FRS 102 S1a Small Entities has not resulted in any amendments to the company's reserves as at 31st August 2016.




1c. Statutory Information
Onboardonline Limited is a private company, limited by shares registered in England and Wales, registration number 08163914. The registered office is 186 High Street, Winslow, Buckinghamshire, MK18 3DQ.
The presentation currency is £ Sterling.




1d. Going Concern
These financial statements have been prepared on the going concern basis. The company's ongoing activities are dependent on the continued support of the director who has undertaken to provide such support for the foreseeable future.




1e. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 25%, 15% and 10%




1f. Intangible Assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful lives.




1g. Deferred Taxation
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1h. Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included in the profit and loss account.




1i. Website Cost
Operating costs for the company's website are charged to the profit and loss account as incurred. Expenditure incurred on website design and content has been capitalised when recoverability can be foreseen with reasonable certainty and is depreciated over useful economic lives.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	3,066	5,969
VAT	2,348	390
Salaries and wages control	580	-
Other debtors	700	-
Prepayments	917	643
	7,611	7,002




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
Directors current account	8,915	5,247
Bank loans and overdrafts	-	1,455
Bank Loan	4,193	18,798
Trade creditors	1,598	14,815
Accruals	2,541	2,020
	17,247	42,335




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Bank loans (secured) >1yr	15,935	-
Other creditors	110,000	140,000
	125,935	140,000




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
3,157,890 Ordinary shares of £0.10 each	315789	300,000
	315,789	300,000

New shares issued during period:
157890 Ordinary shares of £0.10 each	15789
	15,789	-




9. RELATED PARTY TRANSACTIONS
The director has given a personal guarantee in respect of the company bank loan, as at 31st August 2017, the loan amounted to £20,128 (2016 - £18,798). As at 31st August 2017, the company owed Ms. Watson, £118,915 (2016 - £145,247) in her capacity as director, of which £110,000 (2016 - £140,000) has been treated as due within more than one year. This loan is interest free, the company has taken advantage of the small companies exemption, not to discount this loan. Ms. Watson was reimbursed £nil (2016 - £442) in respect of the business use of her personal motor vehicle.