REGISTERED NUMBER: 06052560

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Onyx Accountants Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. P S Shoker

Mr. P Bodhani

REGISTERED OFFICE:

Onyx House

12 Phoenix Business Park

Avenue Close

Birmingham

West Midlands

B7 4NU

REGISTERED NUMBER:

06052560

ACCOUNTANTS:

Onyx Accountants Ltd

Chartered Certified Accountants

Onyx House

12 Phoenix Business Park

Avenue Road, Aston

Birmingham

West Midlands

B7 4NU

FIXED ASSETS

Tangible assets

4

154,075

153,118

Investments

5

108,953

2,704

263,028

155,822

CURRENT ASSETS

Debtors

241,582

286,482

Cash at bank and in hand

106,252

49,654

347,834

336,136

CREDITORS

Amounts falling due within one year

512,127

417,439

NET CURRENT LIABILITIES

(164,293

)

(81,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

98,735

74,519

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

98,235

74,019

SHAREHOLDERS' FUNDS

98,735

74,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 February 2018 and were signed on its behalf by:

Mr. P Bodhani - Director

Mr. P S Shoker - Director

1.	STATUTORY INFORMATION

Onyx Accountants Ltd is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Onyx Accountants Ltd as an individual

company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

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

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

173,686

Additions

4,877

At 30 June 2017

178,563

DEPRECIATION

At 1 July 2016

20,568

Charge for year

3,920

At 30 June 2017

24,488

NET BOOK VALUE

At 30 June 2017

154,075

At 30 June 2016

153,118

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

105,850

At 30 June 2017

105,850

NET BOOK VALUE

At 30 June 2017

105,850

Investments (neither listed nor unlisted) were as follows:

30.6.17

30.6.16

£

£

Stock investments

3,103

2,704