OHL Limited - Period Ending 2014-03-31

Registration number: 01787160

OHL Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

OHL Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

OHL Limited
(Registration number: 01787160)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			903,485			886,524
Current assets
Debtors					963,473			313,606
Cash at bank and in hand					22,898			190,244
					986,371			503,850
Creditors: Amounts falling due within one year					(1,736,873)			(1,245,553)
Net current liabilities					(750,502)			(741,703)
Net assets					152,983			144,821
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					88,678			88,678
Profit and loss account					64,205			56,043
Shareholders' funds					152,983			144,821

For the year ending 31 March 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 19 December 2014 and signed on its behalf by:

.........................................
CD Lane
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

OHL Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	Not depreciated
Office equipment	25% straight line basis
Fixtures and fittings	10% straight line basis
Motor vehicles	25% reducing balance basis
Plant and machinery	25% reducing balance basis

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

OHL Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,292,072			1,292,072
Additions		64,762			64,762
At 31 March 2014		1,356,834			1,356,834
Depreciation
At 1 April 2013		405,548			405,548
Charge for the year		47,801			47,801
At 31 March 2014		453,349			453,349
Net book value
At 31 March 2014		903,485			903,485
At 31 March 2013		886,524			886,524

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by the directors who own 99% of the called up share capital.

Page 3