Abbreviated Company Accounts - OPTIMUM TELEVISION LTD

OPTIMUM TELEVISION LTD - Company Information

05382748 OPTIMUM TELEVISION LTD 2015-03-31 false 2014-04-01 2015-03-31 true 05382748 2014-04-01 2015-03-31 05382748 2015-03-31 05382748 2014-03-31 05382748 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05382748 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05382748

OPTIMUM TELEVISION LTD

Abbreviated Accounts

31 March 2015

OPTIMUM TELEVISION LTD Registered Number 05382748

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,310	4,126
		3,310	4,126
Current assets
Stocks		8,776	25,625
Debtors		268,429	199,695
Cash at bank and in hand		33,915	33,952
		311,120	259,272
Creditors: amounts falling due within one year		(206,760)	(133,789)
Net current assets (liabilities)		104,360	125,483
Total assets less current liabilities		107,670	129,609
Creditors: amounts falling due after more than one year		(76,953)	(104,178)
Total net assets (liabilities)		30,717	25,431
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		30,715	25,429
Shareholders' funds		30,717	25,431

For the year ending 31 March 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 June 2015

And signed on their behalf by:
M Bhatnagar, Director

OPTIMUM TELEVISION LTD Registered Number 05382748

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office furniture and equipment 15% reducing balance
IT equipment 25% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2014	9,512
Additions	287
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	9,799
Depreciation
At 1 April 2014	5,386
Charge for the year	1,103
On disposals	-
At 31 March 2015	6,489
Net book values
At 31 March 2015	3,310
At 31 March 2014	4,126

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2