Open Automation Consultants Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08090793 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

OPEN AUTOMATION CONSULTANTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Toon

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

08090793 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

4

1,816

1,213

CURRENT ASSETS

Debtors

5

2,273

2,047

Cash at bank

124,446

98,319

126,719

100,366

CREDITORS

Amounts falling due within one year

6

24,057

25,122

NET CURRENT ASSETS

102,662

75,244

TOTAL ASSETS LESS CURRENT LIABILITIES

104,478

76,457

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,378

76,357

SHAREHOLDERS' FUNDS

104,478

76,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13th July 2018 and were signed by:

K Toon - Director

1.	STATUTORY INFORMATION

Open Automation Consultants Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2017

2,869

Additions

1,209

At 31st May 2018

4,078

DEPRECIATION

At 1st June 2017

1,656

Charge for year

606

At 31st May 2018

2,262

NET BOOK VALUE

At 31st May 2018

1,816

At 31st May 2017

1,213

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

2,273

2,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

239

292

Taxation and social security

22,060

23,301

Other creditors

1,758

1,529

24,057

25,122

7.	ULTIMATE CONTROLLING PARTY

The controlling party is K Toon.