POWER_OLEDS_LIMITED - Accounts

POWER OLEDS LIMITED - Company Information

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Company Registration No. 07875074 (England and Wales)

POWER OLEDS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

POWER OLEDS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

POWER OLEDS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

13,831

113

Cash at bank and in hand

19,692

568

33,523

681

Creditors: amounts falling due within one year

(62,909)

(3,415)

Total assets less current liabilities

(29,386)

(2,734)

Capital and reserves

Called up share capital

122

110

Share premium account

259,878

199,890

Profit and loss account

(289,386)

(202,734)

Shareholders' funds

(29,386)

(2,734)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 November 2016

Mr T Dempsey

Director

Company Registration No. 07875074

POWER OLEDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Share capital

2016

2015

Allotted, called up and fully paid

1,220,000 Ordinary of 0.01p each

122

110

During the year 120,000 ordinary shares of £0.001 each were allotted and fully paid at par for cash consideration to provide additional working capital.