Optimum Mechanical & Electrical Limited - Abbreviated accounts
Optimum Mechanical & Electrical Limited - Abbreviated accounts
| Registered number |
| Registered number: 08505446 | ||||||||
| Abbreviated Balance Sheet | ||||||||
| as at |
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| Notes | 2015 | 2014 | ||||||
| £ | £ | |||||||
| Fixed assets | ||||||||
| Tangible assets | 2 | |||||||
| Current assets | ||||||||
| Stocks | ||||||||
| Debtors | ||||||||
| Cash at bank and in hand | ||||||||
| Creditors: amounts falling due within one year | ( |
( |
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| Net current liabilities | ( |
( |
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| Total assets less current liabilities | ||||||||
| Creditors: amounts falling due after more than one year | ( |
( |
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| Provisions for liabilities | ( |
( |
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| Net assets | ||||||||
| Capital and reserves | ||||||||
| Called up share capital | 3 | |||||||
| Profit and loss account | ||||||||
| Shareholder's funds | ||||||||
| Mr M Oldroyde | ||||||||
| Director | ||||||||
| Approved by the board on |
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| Notes to the Abbreviated Accounts | |||||||||
| for the year ended |
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| 1 | Accounting policies | ||||||||
| Basis of preparation | |||||||||
| Turnover | |||||||||
| Depreciation | |||||||||
| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | |||||||||
| Fixtures and fittings | |||||||||
| Motor vehicles | |||||||||
| Computer equipment | 33% on cost | ||||||||
| Stocks | |||||||||
| Stock is valued at the lower of cost and net realisable value. | |||||||||
| Deferred taxation | |||||||||
| Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | |||||||||
| Leasing and hire purchase commitments | |||||||||
| Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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| 2 | Tangible fixed assets | £ | |||||||
| Cost | |||||||||
| At 1 May 2014 | |||||||||
| Additions | |||||||||
| At 30 April 2015 | |||||||||
| Depreciation | |||||||||
| At 1 May 2014 | |||||||||
| Charge for the year | |||||||||
| At 30 April 2015 | |||||||||
| Net book value | |||||||||
| At 30 April 2015 | |||||||||
| At 30 April 2014 | |||||||||
| 3 | Share capital | Nominal | 2015 | 2015 | 2014 | ||||
| value | Number | £ | £ | ||||||
| Allotted, called up and fully paid: | |||||||||
| £ |
- | ||||||||
| 4 | Loans to directors | ||||||||
| Description and conditions | B/fwd | Paid | Repaid | C/fwd | |||||
| £ | £ | £ | £ | ||||||
| ( |
( |
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| ( |
( |
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| Of the £83,295 repaid as shown above £51,000 comprised a voted dividend. The balance owed by the director of £4,141 is included within other debtors. The balance has no interest charged thereon. There are no conditions attached to advances to the director, however the director must ensure that any transactions between company and director are not detrimental to the company. |
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