Abbreviated Company Accounts - OLD LONDON ART COMPANY LTD

OLD LONDON ART COMPANY LTD - Company Information

06859125 OLD LONDON ART COMPANY LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06859125 2015-04-01 2016-03-31 06859125 2016-03-31 06859125 2015-03-31 06859125 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06859125 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06859125

OLD LONDON ART COMPANY LTD

Abbreviated Accounts

31 March 2016

OLD LONDON ART COMPANY LTD Registered Number 06859125

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		100	100
Fixed assets
Tangible assets	2	33,000	44,000
		33,000	44,000
Current assets
Cash at bank and in hand		145,564	120,564
		145,564	120,564
Creditors: amounts falling due within one year		(136,450)	(132,950)
Net current assets (liabilities)		9,114	(12,386)
Total assets less current liabilities		42,214	31,714
Accruals and deferred income		(1,000)	(1,000)
Total net assets (liabilities)		41,214	30,714
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		41,114	30,614
Shareholders' funds		41,214	30,714

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2016

And signed on their behalf by:
Divyn Singh, Director

OLD LONDON ART COMPANY LTD Registered Number 06859125

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows :

Leasehold properties - Straight line over the life of the lease

2Tangible fixed assets

	£
Cost
At 1 April 2015	110,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	110,000
Depreciation
At 1 April 2015	66,000
Charge for the year	11,000
On disposals	-
At 31 March 2016	77,000
Net book values
At 31 March 2016	33,000
At 31 March 2015	44,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100