REGISTERED NUMBER: 06052560

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Onyx Accountants Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

153,118

149,001

Investments

3

2,704

2,704

155,822

151,705

CURRENT ASSETS

Debtors

286,482

174,959

Cash at bank and in hand

49,654

116,892

336,136

291,851

CREDITORS

Amounts falling due within one year

417,439

415,915

NET CURRENT LIABILITIES

(81,303

)

(124,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

74,519

27,641

CAPITAL AND RESERVES

Called up share capital

4

500

500

Retained earnings

74,019

27,141

SHAREHOLDERS' FUNDS

74,519

27,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 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 Board of Directors on 24 December 2016 and were signed on its behalf by:

Mr. P Bodhani - Director

Mr. P S Shoker - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Deferred tax

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

reversed at the balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

166,245

Additions

8,042

Disposals

(601

)

At 30 June 2016

173,686

DEPRECIATION

At 1 July 2015

17,244

Charge for year

3,864

Eliminated on disposal

(540

)

At 30 June 2016

20,568

NET BOOK VALUE

At 30 June 2016

153,118

At 30 June 2015

149,001

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.6.16

30.6.15

£

£

Stock investments

2,704

2,704

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

500

500