Abbreviated Company Accounts - OPTIMUM TAX SOLUTIONS LIMITED

OPTIMUM TAX SOLUTIONS LIMITED - Company Information

05082876 OPTIMUM TAX SOLUTIONS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05082876 2014-04-01 2015-03-31 05082876 2015-03-31 05082876 2014-03-31 05082876 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05082876 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 iso4217:GBP shares

Registered Number 05082876

OPTIMUM TAX SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2015

OPTIMUM TAX SOLUTIONS LIMITED Registered Number 05082876

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,576	4,902
Investments	3	28	30
		5,604	4,932
Current assets
Debtors		53,419	58,150
Investments		11,505	-
Cash at bank and in hand		2,486	6,574
		67,410	64,724
Creditors: amounts falling due within one year		(16,581)	(14,775)
Net current assets (liabilities)		50,829	49,949
Total assets less current liabilities		56,433	54,881
Creditors: amounts falling due after more than one year		(3,316)	(3,316)
Total net assets (liabilities)		53,117	51,565
Capital and reserves
Called up share capital		100	100
Profit and loss account		53,017	51,465
Shareholders' funds		53,117	51,565

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 22 December 2015

And signed on their behalf by:
Mrs K Westall, Director

OPTIMUM TAX SOLUTIONS LIMITED Registered Number 05082876

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 equipment and fixtures and fittings 20% reducing balance
Motor vehicles 25% straight line

Other accounting policies
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

Investments - Partnership net current assets
Stocks 11,458
Debtors 900
Bank 46
Less Creditors (899)
Total 11,505

2Tangible fixed assets

	£
Cost
At 1 April 2014	13,014
Additions	2,068
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	15,082
Depreciation
At 1 April 2014	8,112
Charge for the year	1,394
On disposals	-
At 31 March 2015	9,506
Net book values
At 31 March 2015	5,576
At 31 March 2014	4,902

3Fixed assets Investments
Investment

4Transactions with directors

Name of director receiving advance or credit:	Mr M Westall
Description of the transaction:	Directors Loan Account
Balance at 1 April 2014:	£ 22,518
Advances or credits made:	£ 164,275
Advances or credits repaid:	£ 145,029
Balance at 31 March 2015:	£ 41,764

This loan was paid back within 9 months after the end of the financial year end date.