Optimal Business Support Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06998950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

OPTIMAL BUSINESS SUPPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Barton

SECRETARY:

REGISTERED OFFICE:

Kingsnorth House

1, Blenheim Way

Kingstanding

Birmingham

B44 8LS

REGISTERED NUMBER:

06998950 (England and Wales)

ACCOUNTANTS:

Boden Piper Limited

Kingsnorth House

Blenheim Way

Birmingham

West Midlands

B44 8LS

CURRENT ASSETS

Debtors

3

2,806

158

Cash at bank

5,883

242

8,689

400

CREDITORS

Amounts falling due within one year

4

7,711

7,251

NET CURRENT ASSETS/(LIABILITIES)

978

(6,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

978

(6,851

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

6

977

(6,852

)

SHAREHOLDERS' FUNDS

978

(6,851

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 May 2017 and were signed by:

R Barton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2015

and 31 August 2016

2,709

DEPRECIATION

At 1 September 2015

and 31 August 2016

2,709

NET BOOK VALUE

At 31 August 2016

-

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,806

-

Other debtors

-

158

2,806

158

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

1,723

-

Other creditors

5,988

7,251

7,711

7,251

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary Shares

1

1

1

6.

RESERVES

Profit

and loss

account

£

At 1 September 2015

(6,852

)

Profit for the year

7,829

At 31 August 2016

977

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

2016

2015

£

£

R Barton

Balance outstanding at start of year

(7,251

)

(4,256

)

Amounts advanced

-

(2,995

)

Amounts repaid

1,763

-

Balance outstanding at end of year

(5,488

)

(7,251

)

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Barton.