Optillion Limited - Period Ending 2017-03-31

Registration number: 05350513

Optillion Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Vanilla Accounting Limited
Chartered Accountants
Byron House
21 Rectory Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6BE

Optillion Limited

Contents

Balance Sheet	1 to 3
Notes to the Financial Statements	2

Optillion Limited

(Registration number: 05350513)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets		313	-
Current assets		16,697	19,471
Creditors: Amounts falling due within one year		(14,934)	(18,883)
Net current assets		1,763	588
Total assets less current liabilities		2,076	588
Accruals and deferred income		(463)	(463)
		1,613	125
Capital and reserves		1,613	125

The notes on page 2 form an integral part of these financial statements.

Page 1

Optillion Limited

(Registration number: 05350513)
Balance Sheet as at 31 March 2017

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
8 Church Street
Ruddington
Nottingham
Notts.
NG11 6HA

These financial statements were authorised for issue by the Board on 16 June 2017.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £6,000 (2016 - £6,000). During the year the company rented a property owned by Mr P Bibby and Mr G P Walker and paid an anuual rent of £6,000 (2016 - £6,000)

3	Related party transactions

Transactions with directors

2017	At 1 April 2016 £	Advances to directors £	Repayments by director £	At 31 March 2017 £
Mr P Bibby
Advances/Credits	(7,150)	7,150	(5,000)	(5,000)
Mr G P Walker
Advances/Credits	(7,150)	7,150	(5,000)	(5,000)

2016	Repayments by director £	At 31 March 2016 £
Mr P Bibby
Advances/Credits	(7,150)	(7,150)
Mr G P Walker
Advances/Credits	(7,150)	(7,150)

Page 2

Optillion Limited

(Registration number: 05350513)
Balance Sheet as at 31 March 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 16 June 2017 and signed on its behalf by:
 

.........................................

Mr P Bibby

Director

The notes on page 2 form an integral part of these financial statements.

Page 3