Optical Antenna Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05774230 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

OPTICAL ANTENNA SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Abraham

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

05774230 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

CURRENT ASSETS

Debtors

3

1,710

1,710

CREDITORS

Amounts falling due within one year

4

25,167

25,167

NET CURRENT LIABILITIES

(23,457

)

(23,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,457

)

(23,457

)

CREDITORS

Amounts falling due after more than one year

5

74,500

74,500

NET LIABILITIES

(97,957

)

(97,957

)

CAPITAL AND RESERVES

Called up share capital

1,320

1,320

Share premium

49,558

49,558

Capital redemption reserve

15

15

Retained earnings

(148,850

)

(148,850

)

SHAREHOLDERS' FUNDS

(97,957

)

(97,957

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 19 December 2019 and were signed by:

J S Abraham - Director

1.	STATUTORY INFORMATION

Optical Antenna Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, the validity of which is

dependent upon the ability of the company to meet it's obligations as they fall due. As at 31st March

2019 the company's total liabilities exceeded total assets by £97,957 (2018 - £97,957) and accordingly

the company is dependent on the continued financial support of it's director, Mr J Abraham, who is a

Debenture holder. The director believes this financial support will continue to be available for the

foreseeable future. The financial statements do not include any adjustments that would result in a

withdrawal of his support.

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 balance sheet date.

Deferred tax

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

the balance sheet 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

361

361

VAT

1,349

1,349

1,710

1,710

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

975

975

Other creditors

7,600

7,600

Directors' current accounts

15,592

15,592

Accrued expenses

1,000

1,000

25,167

25,167

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

74,500

74,500

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Debenture

74,500

74,500