Opal Communications Limited - Period Ending 2014-03-31

Registration number: 03168076

Opal Communications Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Opal Communications Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 03168076

Opal Communications Limited
Balance Sheet as at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,591			4,875
Current assets
Debtors					5,047			1,709
Creditors: Amounts falling due within one year		3			(55,514)			(33,233)
Net current liabilities					(50,467)			(31,524)
Total assets less current liabilities					(47,876)			(26,649)
Provisions for liabilities					(110)			(110)
Net liabilities					(47,986)			(26,759)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(48,086)			(26,859)
Shareholders' deficit					(47,986)			(26,759)

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 23 December 2014 and signed on its behalf by:

P J Keyte
Director

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

Opal Communications 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).

Turnover

Turnover relates to the provision of communication systems and maintenance services, is recognised on an accruals basis and is exclusive of Value Added Tax.

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
Motor vehicles	25% reducing balance method
Improvements to property	25% straight line method

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		8,000			8,000
Additions		1,625			1,625
Disposals		(6,000)			(6,000)
At 31 March 2014		3,625			3,625
Depreciation
At 1 April 2013		3,125			3,125
Charge for the year		534			534
Eliminated on disposals		(2,625)			(2,625)
At 31 March 2014		1,034			1,034
Net book value
At 31 March 2014		2,591			2,591
At 31 March 2013		4,875			4,875

Page 2

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

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		11,434			10,903

4	Share capital

Allotted, called up and fully paid shares

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

Page 3