OPTIMISED ENVIRONMENTS (MANCHESTER) LTD - Limited company accounts 20.1
OPTIMISED ENVIRONMENTS (MANCHESTER) LTD - Limited company accounts 20.1
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 July 2020 |
| for |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2020 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD |
| Company Information |
| for the Year Ended 31 July 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hudson House |
| 8 Albany Street |
| Edinburgh |
| EH1 3QB |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Report of the Directors |
| for the Year Ended 31 July 2020 |
| The directors present their report with the financial statements of the company for the year ended 31 July 2020. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 August 2019 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Income Statement |
| for the Year Ended 31 July 2020 |
| 31.7.20 | 31.7.19 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 5,164 | 34,824 |
| Other operating income |
| OPERATING PROFIT and |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Statement of Financial Position |
| 31 July 2020 |
| 31.7.20 | 31.7.19 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2020 |
| 1. | STATUTORY INFORMATION |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DIVIDENDS |
| 31.7.20 | 31.7.19 |
| £ | £ |
| shares of each |
| Final |
| OPTIMISED ENVIRONMENTS (MANCHESTER) LTD (Registered number: SC557371) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.20 | 31.7.19 |
| £ | £ |
| Trade debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.20 | 31.7.19 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.20 | 31.7.19 |
| £ | £ |
| Other creditors |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2019 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 July 2020 |
| 9. | OTHER FINANCIAL COMMITMENTS |
| At 31 July 2020 the company had an annual property rental and service charge commitment of £68,442 under a lease which expires in 2025. |