Abbreviated Company Accounts - OPTIMUM TELEVISION LTD

OPTIMUM TELEVISION LTD - Company Information

05382748 OPTIMUM TELEVISION LTD 2016-03-31 false 2015-04-01 2016-03-31 true 05382748 2015-04-01 2016-03-31 05382748 2016-03-31 05382748 2015-03-31 05382748 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05382748 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05382748

OPTIMUM TELEVISION LTD

Abbreviated Accounts

31 March 2016

OPTIMUM TELEVISION LTD Registered Number 05382748

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,567	3,310
		4,567	3,310
Current assets
Stocks		9,331	8,776
Debtors		205,569	268,429
Cash at bank and in hand		9,415	33,915
		224,315	311,120
Creditors: amounts falling due within one year		(144,361)	(206,760)
Net current assets (liabilities)		79,954	104,360
Total assets less current liabilities		84,521	107,670
Creditors: amounts falling due after more than one year		(80,891)	(76,953)
Total net assets (liabilities)		3,630	30,717
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		3,628	30,715
Shareholders' funds		3,630	30,717

For the year ending 31 March 2016 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 September 2016

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 2016

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 2015	9,799
Additions	2,779
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	12,578
Depreciation
At 1 April 2015	6,489
Charge for the year	1,522
On disposals	-
At 31 March 2016	8,011
Net book values
At 31 March 2016	4,567
At 31 March 2015	3,310

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2