Optillion Limited - Period Ending 2018-03-31

Registration number: 05350513

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Optillion Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Vanilla Accounting Limited
Chartered Accountants
Appleton House
25 Rectory Road
West Bridgford
Nottingham
NG2 6BE

Optillion Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	3

Optillion Limited

Company Information

Directors

Mr Paul P Bibby Dr Gavin Patrick G P Walker

Registered office

8 Church Street Ruddington Nottingham Notts. NG11 6HA

Accountants

Vanilla Accounting Limited Chartered Accountants Appleton House 25 Rectory Road West Bridgford Nottingham NG2 6BE

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Optillion Limited
for the Year Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Optillion Limited for the year ended 31 March 2018 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Optillion Limited, as a body, in accordance with the terms of our engagement letter dated 3 May 2010. Our work has been undertaken solely to prepare for your approval the accounts of Optillion Limited and state those matters that we have agreed to state to the Board of Directors of Optillion Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optillion Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Optillion Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Optillion Limited. You consider that Optillion Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Optillion Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Vanilla Accounting Limited
Chartered Accountants
Appleton House
25 Rectory Road
West Bridgford
Nottingham
NG2 6BE

18 July 2018

Page 2

Optillion Limited

(Registration number: 05350513)
Balance Sheet as at 31 March 2018

	2018 £	2017 £
Fixed assets	156	313
Current assets	27,738	16,697
Creditors: Amounts falling due within one year	(17,363)	(14,934)
Net current assets	10,375	1,763
Total assets less current liabilities	10,531	2,076
Accruals and deferred income	(463)	(463)
	10,068	1,613
Capital and reserves	10,068	1,613

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
England

These financial statements were authorised for issue by the Board on 18 July 2018.

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	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 3).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,000 (2017 - £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 (2017 - £6,000)

Page 3

Optillion Limited

(Registration number: 05350513)
Balance Sheet as at 31 March 2018

4	Related party transactions

Transactions with directors

2018	At 1 April 2017 £	Advances to directors £	Repayments by director £	At 31 March 2018 £
Mr Paul P Bibby
Advances/Credits	(5,000)	5,000	(5,000)	(5,000)
Dr Gavin Patrick G P Walker
Advances/Credits	(5,000)	5,000	(5,000)	(5,000)

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

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 2018 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 18 July 2018 and signed on its behalf by:
 

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

Mr Paul P Bibby
Director

Page 4