Optimicer Limited
Optimicer Limited
Registered number: 08757106
Financial Statements
For The Year Ended
31 March 2020
Jenson Solutions
Optimicer Limited
Financial Statements
For The Year Ended
31 March 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Optimicer Limited
Balance Sheet
As at
31 March 2020
Balance Sheet
Registered number:
08757106
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Share premium account |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (24,155) | (8,694) | |||
Page 1
Optimicer Limited
Balance Sheet (continued)
As at
31 March 2020
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Optimicer Limited
Notes to the Financial Statements
For The Year Ended
31 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 0 NIL (2019: )
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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4.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| VAT |
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| Called up share capital not paid |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loan and other financial assets are initially recognised at transaction price less any transaction costs and subsequently measure at amortised costs determined using hte effective interest method, less any impariment losses for bad and doubtful debts.
Page 3
Optimicer Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2020
5.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.
Related Party Transactions
Jenson Solutions Limited
During the year the company paid consulting fees of £12,336 (2019 £nil) to Jenson Solutions Limited, a company controlled by Mr P Jenkinson, a director of Optimicer Limited. At 31 March 2020 there was an amount owed of £28,874 (2019 £27,754).
WhiteSpace Ventures Limited
During the year Whitespace Ventures Limited, a company controlled by Mr P Jenkinson who is a director of Optimicer Limited, settled liabilities on behalf of the company of £3,815. At 31 March 2020 there was an amount due of £113,101 (2019 £116,916).
WhiteSpace Global Limited
During the year Whitespace Global Limited, a company controlled by Mr P Jenkinson who is a director of Optimicer Limited, received a payment on behalf of the company of £750. At 31 March 2020 there was an amount owed of £57,450 (2019 £58,200)
8.
Controlling Party
The company's controlling party is Mr Paul Jenkinson by virtue of his ownership of 58% of the issued share capital in the company.
9.
General Information
Optimicer Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08757106
. The registered office is Runway East London Bridge, 20 St Thomas Street, London, SE1 9RG.
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