Abbreviated Company Accounts - OPTIRISK SYSTEMS LIMITED

OPTIRISK SYSTEMS LIMITED - Company Information

01022339 OPTIRISK SYSTEMS LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 01022339 2015-03-01 2016-02-28 01022339 2016-02-28 01022339 2015-02-28 01022339 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 01022339 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 01022339

OPTIRISK SYSTEMS LIMITED

Abbreviated Accounts

28 February 2016

OPTIRISK SYSTEMS LIMITED Registered Number 01022339

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,201,491	1,201,491
		1,201,491	1,201,491
Current assets
Debtors		40,025	105,025
Cash at bank and in hand		43,857	56,057
		83,882	161,082
Creditors: amounts falling due within one year		(863,637)	(856,537)
Net current assets (liabilities)		(779,755)	(695,455)
Total assets less current liabilities		421,736	506,036
Creditors: amounts falling due after more than one year		(527,087)	(527,087)
Provisions for liabilities		(23,747)	(23,747)
Total net assets (liabilities)		(129,098)	(44,798)
Capital and reserves
Called up share capital	3	200	200
Share premium account		100	100
Revaluation reserve		412,861	412,861
Profit and loss account		(542,259)	(457,959)
Shareholders' funds		(129,098)	(44,798)

For the year ending 28 February 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 30 November 2016

And signed on their behalf by:
Professor G Mitra, Director
Dr C Lucas, Director

OPTIRISK SYSTEMS LIMITED Registered Number 01022339

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

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold Property 2% on cost, Plant & Machinery 20% of Net Realizable Value, Fixtures & Fittings 15% of Net Realizable Value, Computer Equipment 25% of Net Realizable Value.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 March 2015	1,366,044
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	1,366,044
Depreciation
At 1 March 2015	164,553
Charge for the year	-
On disposals	-
At 28 February 2016	164,553
Net book values
At 28 February 2016	1,201,491
At 28 February 2015	1,201,491

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

	2016 £	2015 £
200 Ordinary shares of £1 each	200	200