100% Open Limited - Abbreviated accounts 16.1

100% Open Limited - Abbreviated accounts 16.1


07024145 1.10.14 30.9.15 30.9.15 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure070241452014-09-30070241452015-09-30070241452014-10-012015-09-30070241452013-09-30070241452013-10-012014-09-30070241452014-09-3007024145ns12:England2014-10-012015-09-3007024145ns14:PoundSterling2014-10-012015-09-3007024145ns7:Director12014-10-012015-09-3007024145ns7:Director22014-10-012015-09-3007024145ns7:OrdinaryShareClass12014-10-012015-09-3007024145ns7:RegisteredOffice2014-10-012015-09-3007024145ns7:EntityAccountantsOrAuditors2014-10-012015-09-3007024145ns5:PlantMachinery2014-10-012015-09-3007024145ns7:OrdinaryShareClass12015-09-3007024145ns7:OrdinaryShareClass12014-09-30
REGISTERED NUMBER: 07024145 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

100% Open Limited

100% Open Limited (Registered number: 07024145)

Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

100% Open Limited

Company Information
for the Year Ended 30 September 2015







DIRECTORS: D Simoes-Brown
R Harwood





REGISTERED OFFICE: Room T135/136
Third Floor, New Wing
Somerset House, Strand
London
WC2R 1LA





REGISTERED NUMBER: 07024145 (England and Wales)





ACCOUNTANTS: Elan & Co LLP
Unit 3 Cedar Court
1 Royal Oak Yard
London
London
SE1 3GA

100% Open Limited (Registered number: 07024145)

Abbreviated Balance Sheet
30 September 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,941 13,691

CURRENT ASSETS
Stocks 100,000 124,871
Debtors 169,213 461,340
Cash at bank and in hand 169,327 67,207
438,540 653,418
CREDITORS
Amounts falling due within one year 198,350 237,372
NET CURRENT ASSETS 240,190 416,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,131

429,737

ACCRUALS AND DEFERRED INCOME - 150,117
NET ASSETS 248,131 279,620

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 248,031 279,520
SHAREHOLDERS' FUNDS 248,131 279,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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.

100% Open Limited (Registered number: 07024145)

Abbreviated Balance Sheet - continued
30 September 2015


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 11 May 2016 and were signed on its behalf by:




R Harwood - Director



D Simoes-Brown - Director


100% Open Limited (Registered number: 07024145)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015


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 January 2015).

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.

Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 the profit and loss account on a straight line basis over the period of the
lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 28,233
Additions 1,745
At 30 September 2015 29,978
DEPRECIATION
At 1 October 2014 14,542
Charge for year 7,495
At 30 September 2015 22,037
NET BOOK VALUE
At 30 September 2015 7,941
At 30 September 2014 13,691

100% Open Limited (Registered number: 07024145)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
100 Ordinary shares 1 100 100