OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED - Company Information

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OPTIMUM VEHICLES LIMITED

Company Registration Number:
06484557 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2018

Period of accounts

Start date: 01 March 2017

End date: 28 February 2018

OPTIMUM VEHICLES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2018

Balance sheet
Notes

OPTIMUM VEHICLES LIMITED

Balance sheet

As at 28 February 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 181,561 113,144
Total fixed assets: 181,561 113,144
Current assets
Stocks: 1,453,998 1,474,956
Debtors:   118,000 34,038
Cash at bank and in hand: 20,000 152,537
Total current assets: 1,591,998 1,661,531
Creditors: amounts falling due within one year:   (1,355,878) (1,366,713)
Net current assets (liabilities): 236,120 294,818
Total assets less current liabilities: 417,681 407,962
Creditors: amounts falling due after more than one year:   (137,655) (135,648)
Total net assets (liabilities): 280,026 272,314
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 280,024 272,312
Shareholders funds: 280,026 272,314

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Balance sheet statements

For the year ending 28 February 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2018
and signed on behalf of the board by:

Name: P E Sanderson
Status: Director

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at 25% on a reducing balance basis in order to write off each asset over its estimated useful life.

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

2. Employees

2018 2017
Average number of employees during the period 25 23

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

3. Tangible Assets

Total
Cost £
At 01 March 2017 186,512
Additions 135,086
Disposals (17,000)
At 28 February 2018 304,598
Depreciation
At 01 March 2017 73,368
Charge for year 53,919
On disposals (4,250)
At 28 February 2018 123,037
Net book value
At 28 February 2018 181,561
At 28 February 2017 113,144