Abbreviated Company Accounts - OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED - Company Information

06484557 OPTIMUM VEHICLES LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 06484557 2014-03-01 2015-02-28 06484557 2015-02-28 06484557 2014-02-28 06484557 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 06484557 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 06484557

OPTIMUM VEHICLES LIMITED

Abbreviated Accounts

28 February 2015

OPTIMUM VEHICLES LIMITED Registered Number 06484557

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,335	21,845
		18,335	21,845
Current assets
Stocks		368,606	500,610
Debtors		264,011	105,853
Cash at bank and in hand		176,901	121,398
		809,518	727,861
Prepayments and accrued income		3,444	4,002
Creditors: amounts falling due within one year		(567,510)	(609,152)
Net current assets (liabilities)		245,452	122,711
Total assets less current liabilities		263,787	144,556
Creditors: amounts falling due after more than one year		(2,467)	-
Accruals and deferred income		(30,265)	(4,574)
Total net assets (liabilities)		231,055	139,982
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		231,053	139,980
Shareholders' funds		231,055	139,982

For the year ending 28 February 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 10 April 2015

And signed on their behalf by:
Paul Sanderson, Director

OPTIMUM VEHICLES LIMITED Registered Number 06484557

Notes to the Abbreviated Accounts for the period ended 28 February 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 April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at 25% on a reducing balance basis in order to write off each asset over its estimated useful life.

2Tangible fixed assets

	£
Cost
At 1 March 2014	40,262
Additions	11,874
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	52,136
Depreciation
At 1 March 2014	18,417
Charge for the year	15,384
On disposals	-
At 28 February 2015	33,801
Net book values
At 28 February 2015	18,335
At 28 February 2014	21,845

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

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