Registered Number 07623558

O SIGNS LIMITED

Abbreviated Accounts

31 May 2013

O SIGNS LIMITED Registered Number 07623558

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 3,435 4,875
Tangible assets 3 56,030 29,995
Investments - -
59,465 34,870
Current assets
Stocks 40,478 22,000
Debtors 384,164 247,080
Investments - -
Cash at bank and in hand 38,074 34,504
462,716 303,584
Prepayments and accrued income - -
Creditors: amounts falling due within one year (458,751) (323,382)
Net current assets (liabilities) 3,965 (19,798)
Total assets less current liabilities 63,430 15,072
Creditors: amounts falling due after more than one year (19,299) 0
Provisions for liabilities (11,206) (5,999)
Accruals and deferred income 0 0
Total net assets (liabilities) 32,925 9,073
Capital and reserves
Called up share capital 4 2 2
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 32,923 9,071
Shareholders' funds 32,925 9,073
  • For the year ending 31 May 2013 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 21 November 2013

And signed on their behalf by:
R A Eade, Director

O SIGNS LIMITED Registered Number 07623558

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2 Intangible fixed assets
£
Cost
At 1 June 2012 6,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2013 6,000
Amortisation
At 1 June 2012 1,125
Charge for the year 1,440
On disposals 0
At 31 May 2013 2,565
Net book values
At 31 May 2013 3,435
At 31 May 2012 4,875
3 Tangible fixed assets
£
Cost
At 1 June 2012 36,302
Additions 34,645
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2013 70,947
Depreciation
At 1 June 2012 6,307
Charge for the year 8,610
On disposals 0
At 31 May 2013 14,917
Net book values
At 31 May 2013 56,030
At 31 May 2012 29,995
4 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
2 Ordinary shares of £1 each 2 2

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