Optimum Marine Ltd - Abbreviated accounts

Registered number

08903412

Optimum Marine Ltd

Unaudited Abbreviated Accounts

28 February 2015

Optimum Marine Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Optimum Marine Ltd for the period ended 28 February 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Optimum Marine Ltd for the period ended 28 February 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Accountably Ltd
Chartered Accountants
First Floor, Unit 12
Compass Point, Ensign Way
Southampton
Hampshire
SO31 4RF

20 November 2015

Optimum Marine Ltd
Registered number:		08903412
Abbreviated Balance Sheet
as at 28 February 2015

Notes			2015
£
Fixed assets
Tangible assets	2		2,775

Current assets
Debtors		32,521
Cash at bank and in hand		20,712
		53,233

Creditors: amounts falling due within one year		(54,481)

Net current liabilities			(1,248)

Total assets less current liabilities			1,527


Provisions for liabilities			(555)


Net assets			972

Capital and reserves
Called up share capital	3		10
Profit and loss account			962

Shareholder's funds			972

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S Jones
Director
Approved by the board on 20 November 2015

Optimum Marine Ltd
Notes to the Abbreviated Accounts
for the period ended 28 February 2015

1	Accounting policies

	Basis of preparation
	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
	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.

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

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	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.


2	Tangible fixed assets					£

	Cost
	Additions					3,700
	At 28 February 2015					3,700

	Depreciation
	Charge for the period					925
	At 28 February 2015					925

	Net book value
	At 28 February 2015					2,775


3	Share capital	Nominal		2015		2015
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		10

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		1		10