Online Risk Solutions Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07822050 (England and Wales)

Online Risk Solutions Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N T A Wright

SECRETARY:

N T A Wright

REGISTERED OFFICE:

2 Oakberry Road Industrial Estate

Oakberry Road

Lutterworth

Leicestershire

LE17 4PP

REGISTERED NUMBER:

07822050 (England and Wales)

ACCOUNTANTS:

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

FIXED ASSETS

Tangible assets

2

3,928

7,856

CURRENT ASSETS

Debtors

4,346

621

Cash at bank

106,000

52,056

110,346

52,677

CREDITORS

Amounts falling due within one year

83,371

30,499

NET CURRENT ASSETS

26,975

22,178

TOTAL ASSETS LESS CURRENT LIABILITIES

30,903

30,034

CAPITAL AND RESERVES

Called up share capital

3

50,000

50,000

Profit and loss account

(19,097

)

(19,966

)

SHAREHOLDERS' FUNDS

30,903

30,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 July 2014 and were signed by:

N T A Wright - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

11,784

DEPRECIATION

At 1 April 2013

3,928

Charge for year

3,928

At 31 March 2014

7,856

NET BOOK VALUE

At 31 March 2014

3,928

At 31 March 2013

7,856

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50,000

Ordinary

1

50,000

50,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £75,000 which is payable to N T A Wright, the director of the

company. This amount is interest free and repayable on demand.