Abbreviated Company Accounts - OPTIM TECHNOLOGIES LTD

OPTIM TECHNOLOGIES LTD - Company Information

06481537 OPTIM TECHNOLOGIES LTD 2014-01-31 false 2013-02-01 2014-01-31 true 06481537 2013-02-01 2014-01-31 06481537 2014-01-31 06481537 2013-01-31 06481537 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 06481537 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2014-01-31 uk-gaap-cd-bus:Director3 2013-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 06481537

OPTIM TECHNOLOGIES LTD

Abbreviated Accounts

31 January 2014

OPTIM TECHNOLOGIES LTD Registered Number 06481537

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Current assets
Debtors		1,056	1,056
Cash at bank and in hand		2,555	25,942
		3,611	26,998
Creditors: amounts falling due within one year		(27,437)	(31,828)
Net current assets (liabilities)		(23,826)	(4,830)
Total assets less current liabilities		(23,826)	(4,830)
Total net assets (liabilities)		(23,826)	(4,830)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(23,926)	(4,930)
Shareholders' funds		(23,826)	(4,830)

For the year ending 31 January 2014 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 25 September 2014

And signed on their behalf by:
VENKATA SRINIVAS REEDY KONALA, Director

OPTIM TECHNOLOGIES LTD Registered Number 06481537

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

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

Other accounting policies
Going Concern:

The company is supported by the parent company, Srindu Soft Ltd, which provides financial support to the company. Due to the current downturn in the global economy the income of the company has not been sufficient to cover the costs incurred. The directors believe that as the economy improves, the income received will be sufficient to cover the costs incurred and the company will be able to realise assets and discharge liabilities in normal course of business. Srindu Soft Ltd, the parent company, will continue to support Optim Technologies Ltd to meet its day to day trading requirements. Therefore on the above assumptions the directors believe that the financial statements should be prepared on going concern basis.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

3Transactions with directors

Name of director receiving advance or credit:	Mr Venkata Srinivas Konala
Description of the transaction:	Company Owed to Director
Balance at 1 February 2013:	£ 5,830
Advances or credits made:	-
Advances or credits repaid:	£ 3,729
Balance at 31 January 2014:	£ 2,101