Company Registration No. SC346607 (Scotland)
Optimal Financial Solutions Ltd
Abbreviated accounts
for the year ended 31 December 2017
Optimal Financial Solutions Ltd
Abbreviated accounts
Contents
Optimal Financial Solutions Ltd
Company Information
for the year ended 31 December 2017
Directors
T J Price
Lesley A Price
Company Number
SC346607 (Scotland)
Registered Office
64 Edgehead Road
Edgehead
Pathhead
Midlothian
EH37 5RJ
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Optimal Financial Solutions Ltd
Statement of financial position
as at 31 December 2017
Tangible assets
3,630
2,964
Cash at bank and in hand
427
26,733
Creditors: amounts falling due within one year
(92,568)
(125,122)
Net current liabilities
(64,792)
(78,382)
Net liabilities
(61,162)
(75,418)
Called up share capital
1,800
1,800
Profit and loss account
(62,962)
(77,218)
Shareholders' funds
(61,162)
(75,418)
For the year ending 31 December 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 directors acknowledge their 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 13 September 2018.
T J Price
Director
Company Registration No. SC346607
Optimal Financial Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2017
Optimal Financial Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC346607. The registered office is 64 Edgehead Road, Edgehead, Pathhead, Midlothian, EH37 5RJ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Other debtors
27,349
20,007
Optimal Financial Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2017
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
143
109
Taxes and social security
11,062
(4,289)
Loans from directors
79,250
125,000
7
Average number of employees
During the year the average number of employees was 3 (2016: 3).
