Registered number
06051224
Oole Solutions Limited
Abbreviated Accounts
31 March 2013
Oole Solutions Limited
Registered number: 06051224
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,192 1,093
Current assets
Stocks - 4,500
Debtors 29,228 12,904
Cash at bank and in hand 1 164
29,229 17,568
Creditors: amounts falling due within one year (30,068) (17,644)
Net current liabilities (839) (76)
Total assets less current liabilities 353 1,017
Provisions for liabilities (238) (219)
Net assets 115 798
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 15 698
Shareholders' funds 115 798
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
M Allen
Director
Approved by the board on 23 December 2013
Oole Solutions Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2013
1 Accounting policies
Basis of preparation
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
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% written down basis
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 April 2012 2,793
Additions 397
At 31 March 2013 3,190
Depreciation
At 1 April 2012 1,700
Charge for the year 298
At 31 March 2013 1,998
Net book value
At 31 March 2013 1,192
At 31 March 2012 1,093
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Allen
Directors current account 12,904 2,533 - 15,437
12,904 2,533 - 15,437
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