Optimum Financial Solutions Limited - Limited company - abbreviated - 11.0.0

OPTIMUM FINANCIAL SOLUTIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr I J Jenkins

REGISTERED OFFICE:

Heritage House

9b Hoghton Street

Southport

Merseyside

PR9 0TE

REGISTERED NUMBER:

03905337 (England and Wales)

ACCOUNTANTS:

Philip T Jones & Partners Ltd

Heritage House

9B Hoghton Street

Southport

Merseyside

PR9 0TE

CURRENT ASSETS

Debtors

593

10,142

Cash at bank

168

196

761

10,338

CREDITORS

Amounts falling due within one year

1,872

17,528

NET CURRENT LIABILITIES

(1,111

)

(7,190

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,111

)

(7,190

)

CAPITAL AND RESERVES

Called up share capital

2

19,600

19,600

Profit and loss account

(20,711

)

(26,790

)

SHAREHOLDERS' FUNDS

(1,111

)

(7,190

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2014 and were signed by:

Mr I J Jenkins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, which assumes the company will

continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continued availability of financial resources.

The director considers in preparing the financial statements that he has taken into account all information that

could reasonably be expected to be available. On this basis, he considers, that it is appropriate to prepare the

financial statements on the going concern basis.

The financial statements do not include any adjustments that would result in the company being unable to

continue trading.

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 April 2008).

Turnover

Turnover represents commissions due.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

19,600

Ordinary

1

19,600

19,600

3.	ULTIMATE CONTROLLING PARTY

The company is under the control of the director.