07580406 1.4.13 30.3.14 30.3.14 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075804062013-03-31075804062014-03-30075804062013-04-012014-03-30075804062012-03-31075804062012-04-012013-03-31075804062013-03-3107580406ns12:England2013-04-012014-03-3007580406ns14:PoundSterling2013-04-012014-03-3007580406ns7:Director12013-04-012014-03-3007580406ns7:OrdinaryShareClass12013-04-012014-03-3007580406ns7:RegisteredOffice2013-04-012014-03-3007580406ns7:EntityAccountantsOrAuditors2013-04-012014-03-3007580406ns5:FixturesFittings2013-04-012014-03-3007580406ns5:ComputerEquipment2013-04-012014-03-3007580406ns7:OrdinaryShareClass12014-03-3007580406ns7:OrdinaryShareClass12013-03-31
REGISTERED NUMBER: 07580406 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2013 TO 30 MARCH 2014

FOR

O I B RECORDS LIMITED
O I B RECORDS LIMITED (REGISTERED NUMBER: 07580406)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 APRIL 2013 TO 30 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3
O I B RECORDS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2013 TO 30 MARCH 2014







DIRECTOR: A E Murray





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 07580406 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
O I B RECORDS LIMITED (REGISTERED NUMBER: 07580406)

ABBREVIATED BALANCE SHEET
30 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,321 2,591

CURRENT ASSETS
Debtors 729 1,149
Cash at bank 116,500 63,575
117,229 64,724
CREDITORS
Amounts falling due within one year 81,352 66,764
NET CURRENT ASSETS/(LIABILITIES) 35,877 (2,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,198

551

PROVISIONS FOR LIABILITIES 664 518
NET ASSETS 38,534 33

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 38,532 31
SHAREHOLDERS' FUNDS 38,534 33

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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 20 March 2015 and were signed by:





A E Murray - Director

O I B RECORDS LIMITED (REGISTERED NUMBER: 07580406)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 APRIL 2013 TO 30 MARCH 2014

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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to
consideration.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from
the inclusion of items of income and expenditure in taxation computations in periods different from those in
which they are included in financial statements. Deferred tax is not provided on timing differences arising from
the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities
are not discounted.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 3,838
Additions 2,930
At 30 March 2014 6,768
DEPRECIATION
At 1 April 2013 1,247
Charge for period 2,200
At 30 March 2014 3,447
NET BOOK VALUE
At 30 March 2014 3,321
At 31 March 2013 2,591

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, A E Murray increased his loan to the company. As at 31 March 2014, the company owed him
£38,229 (2013: £37,206). This balance represented the maximum amount outstanding during the period and the
loan is interest free and repayable on demand.

Also the company paid rent amounting to £346 (2013: £329) as a result of utilising office space within his home.
Finally, the company voted him dividends of £30,300.

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