Oomph Agency Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05478785 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

OOMPH AGENCY SERVICES LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

S J Priestnall

SECRETARY:

S J Priestnall

REGISTERED OFFICE:

10 Black Jack Street

Cirencester

Gloucestershire

GL7 2AA

REGISTERED NUMBER:

05478785 (England and Wales)

ACCOUNTANTS:

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Oomph Agency Services Limited for the year ended 31 December 2017 which comprise the

Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Oomph Agency Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oomph Agency Services Limited and state those matters that we have agreed to state to the director of Oomph Agency Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Oomph Agency Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oomph Agency Services Limited. You consider that Oomph Agency Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oomph Agency Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

28 September 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,262

3,092

2,262

3,092

CURRENT ASSETS

Debtors

6

61,034

63,308

CREDITORS

Amounts falling due within one year

7

202,678

286,571

NET CURRENT LIABILITIES

(141,644

)

(223,263

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(139,382

)

(220,171

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(139,482

)

(220,271

)

SHAREHOLDERS' FUNDS

(139,382

)

(220,171

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 28 September 2018 and were signed by:

S J Priestnall - Director

1.	STATUTORY INFORMATION

Oomph Agency Services Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

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

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office furniture

-

20% on cost

Computer equipment

-

33% on 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in existence for the foreseeable future. The validity of this assumption depends on the continued

financial support of the director who intends to support the company for the foreseeable future. The financial

statements do not include any adjustments that would be necessary if this support was withdrawn.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2017

and 31 December 2017

25,008

AMORTISATION

At 1 January 2017

and 31 December 2017

25,008

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	TANGIBLE FIXED ASSETS

Office

Computer

furniture

equipment

Totals

£

£

£

COST

At 1 January 2017

10,151

10,462

20,613

Additions

-

1,547

1,547

At 31 December 2017

10,151

12,009

22,160

DEPRECIATION

At 1 January 2017

7,672

9,849

17,521

Charge for year

1,547

830

2,377

At 31 December 2017

9,219

10,679

19,898

NET BOOK VALUE

At 31 December 2017

932

1,330

2,262

At 31 December 2016

2,479

613

3,092

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

28,313

45,618

Amounts owed by connected companies

81

8,625

Other debtors

513

9,065

28,907

63,308

Amounts falling due after more than one year:

Other debtors

32,127

-

Aggregate amounts

61,034

63,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

22,416

22,877

Trade creditors

35,237

55,510

Amounts owed to connected companies

506

-

Taxation and social security

58,678

57,562

Other creditors

85,841

150,622

202,678

286,571

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Invoice discounting

29,099

30,877