Optima Performance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09012244 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Optima Performance Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Nyadzayo

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

09012244 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

45,908

5,380

CURRENT ASSETS

Debtors

5

2,624

4,186

Cash at bank

30

1,702

2,654

5,888

CREDITORS

Amounts falling due within one year

6

13,354

10,334

NET CURRENT LIABILITIES

(10,700

)

(4,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,208

934

CREDITORS

Amounts falling due after more than one year

7

35,356

-

NET (LIABILITIES)/ASSETS

(148

)

934

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(158

)

924

(148

)

934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 16 March 2021 and were signed by:

Mr M Nyadzayo - Director

1.	STATUTORY INFORMATION

Optima Performance 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2019

5,177

-

3,545

8,722

Additions

-

55,350

-

55,350

At 31 March 2020

5,177

55,350

3,545

64,072

DEPRECIATION

At 1 April 2019

1,567

-

1,775

3,342

Charge for year

542

13,838

442

14,822

At 31 March 2020

2,109

13,838

2,217

18,164

NET BOOK VALUE

At 31 March 2020

3,068

41,512

1,328

45,908

At 31 March 2019

3,610

-

1,770

5,380

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

55,350

At 31 March 2020

55,350

DEPRECIATION

Charge for year

13,838

At 31 March 2020

13,838

NET BOOK VALUE

At 31 March 2020

41,512

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

2,764

Other debtors

2,624

1,422

2,624

4,186

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

10,348

-

Taxation and social security

-

5,836

Other creditors

3,006

4,498

13,354

10,334

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

35,356

-

8.	RELATED PARTY DISCLOSURES

The Director Mr M Nyadzayo is considered to be the key management personnel.

Mr M Nyadzayo was paid a salary of £6,073 (2019-£5,000) during the year.