OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED - Company Information

Print Friendly Version

OPTIMUM VEHICLES LIMITED

Company Registration Number:
06484557 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

OPTIMUM VEHICLES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2022

Balance sheet
Notes

OPTIMUM VEHICLES LIMITED

Balance sheet

As at 28 February 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 596 596
Tangible assets: 4 110,617 136,402
Total fixed assets: 111,213 136,998
Current assets
Stocks: 4,009,090 3,304,305
Debtors:   543,450 333,960
Cash at bank and in hand: 4,183 37,416
Total current assets: 4,556,723 3,675,681
Creditors: amounts falling due within one year:   (4,090,227) (3,314,315)
Net current assets (liabilities): 466,496 361,366
Total assets less current liabilities: 577,709 498,364
Creditors: amounts falling due after more than one year:   (207,937) (279,545)
Total net assets (liabilities): 369,772 218,819
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 369,770 218,817
Shareholders funds: 369,772 218,819

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Balance sheet statements

For the year ending 28 February 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 July 2022
and signed on behalf of the board by:

Name: Paul Sanderson
Status: Director

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation is provided at 20% on a reducing balance basis in order to write off each asset over its estimated useful life.

Intangible fixed assets and amortisation policy

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.

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

2. Employees

2022 2021
Average number of employees during the period 22 22

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

3. Intangible Assets

Total
Cost £
At 01 March 2021 596
At 28 February 2022 596
Amortisation
At 01 March 2021 0
Charge for year 0
At 28 February 2022 0
Net book value
At 28 February 2022 596
At 28 February 2021 596

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Tangible Assets

Total
Cost £
At 01 March 2021 254,447
Additions 10,030
At 28 February 2022 264,477
Depreciation
At 01 March 2021 118,045
Charge for year 35,815
At 28 February 2022 153,860
Net book value
At 28 February 2022 110,617
At 28 February 2021 136,402