Abbreviated Company Accounts - OBHRAI & SON LIMITED

OBHRAI & SON LIMITED - Company Information

Registered Number 02796866

OBHRAI & SON LIMITED

Abbreviated Accounts

31 March 2014

OBHRAI & SON LIMITED Registered Number 02796866

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,621	2,161
		1,621	2,161
Current assets
Stocks		1,784	5,625
Debtors		11	4,245
Cash at bank and in hand		4,207	-
		6,002	9,870
Creditors: amounts falling due within one year		(2,604)	(8,310)
Net current assets (liabilities)		3,398	1,560
Total assets less current liabilities		5,019	3,721
Total net assets (liabilities)		5,019	3,721
Capital and reserves
Called up share capital		100	100
Profit and loss account		4,919	3,621
Shareholders' funds		5,019	3,721

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 30 December 2014

And signed on their behalf by:
Mrs S K Obhrai, Director

OBHRAI & SON LIMITED Registered Number 02796866

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment-25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	61,829
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	61,829
Depreciation
At 1 April 2013	59,668
Charge for the year	540
On disposals	-
At 31 March 2014	60,208
Net book values
At 31 March 2014	1,621
At 31 March 2013	2,161