OPTIMAL COMMERCIAL LTD

OPTIMAL COMMERCIAL LTD

OPTIMAL COMMERCIAL LTD - Company Information

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Company Registration No. 08939385 (England and Wales)
OPTIMAL COMMERCIAL LTD Unaudited accounts for the year ended 31 March 2017
OPTIMAL COMMERCIAL LTD Unaudited accounts Contents
Page
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OPTIMAL COMMERCIAL LTD Company Information for the year ended 31 March 2017
Director
Gregory Sinclair
Company Number
08939385 (England and Wales)
Registered Office
16 NORTHWOLD ROAD LONDON N16 7HR
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OPTIMAL COMMERCIAL LTD Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Current assets
Debtors
4
747 
- 
Cash at bank and in hand
177 
(937)
924 
(937)
Creditors: amounts falling due within one year
5
(43,957)
(31,681)
Net current liabilities
(43,033)
(32,618)
Net liabilities
(43,033)
(32,618)
Capital and reserves
Called up share capital
6
11 
10 
Profit and loss account
(43,044)
(32,628)
Shareholders' funds
(43,033)
(32,618)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 December 2017.
Gregory Sinclair Director Company Registration No. 08939385
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OPTIMAL COMMERCIAL LTD Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
OPTIMAL COMMERCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 08939385. The registered office is 16 NORTHWOLD ROAD, LONDON, N16 7HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Adjustments to Prior Year
After the accounts for 2016 were filed, it was discovered that the Director had paid £42,585 into the bank account throughout the accounting period and this was not reported in the accounts filed. Comparative figures have been restated to reflect the event which existed during the reporting period.
4
Debtors
2017 
2016 
£ 
£ 
Other debtors
747 
- 
5
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
- 
4,271 
Other creditors
827 
- 
Loans from directors
43,130 
27,410 
43,957 
31,681 
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OPTIMAL COMMERCIAL LTD Notes to the Accounts for the year ended 31 March 2017
6
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
11 Ordinary shares of £1 each
11 
10 
Shares issued during the period:
1 Ordinary shares of £1 each
1 
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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