Abbreviated Company Accounts - OPTIMUM TAX SOLUTIONS LIMITED

OPTIMUM TAX SOLUTIONS LIMITED - Company Information

Registered Number 05082876

OPTIMUM TAX SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

OPTIMUM TAX SOLUTIONS LIMITED Registered Number 05082876

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,264	5,576
Investments	3	28	28
		5,292	5,604
Current assets
Debtors		63,016	53,419
Investments		34,474	11,505
Cash at bank and in hand		3,002	2,486
		100,492	67,410
Creditors: amounts falling due within one year		(99,911)	(16,581)
Net current assets (liabilities)		581	50,829
Total assets less current liabilities		5,873	56,433
Creditors: amounts falling due after more than one year		-	(3,316)
Total net assets (liabilities)		5,873	53,117
Capital and reserves
Called up share capital		100	100
Profit and loss account		5,773	53,017
Shareholders' funds		5,873	53,117

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 December 2016

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 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 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
2016 2015
Stocks £34,236 £11,458
Debtors £794 £900
Bank £233 £46
Creditors (£789) (£899)
Total £34,474 £11,505

2Tangible fixed assets

	£
Cost
At 1 April 2015	15,082
Additions	997
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,079
Depreciation
At 1 April 2015	9,506
Charge for the year	1,309
On disposals	-
At 31 March 2016	10,815
Net book values
At 31 March 2016	5,264
At 31 March 2015	5,576

3Fixed assets Investments
Fixed Asset Investment