Optimum Commercial Solutions Limited,Ltd - AccountsLtd - Accounts

Optimum Commercial Solutions Limited,Ltd - AccountsLtd - Accounts

OPTIMUM COMMERCIAL SOLUTIONS LTD - Company Information

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2017-04-01 09518480 2018-03-31 09518480 2017-04-01 2018-03-31 09518480 2017-03-31 09518480 2016-04-01 2017-03-31 09518480 uk-core:WithinOneYear 2017-03-31 09518480 uk-core:WithinOneYear 2018-03-31 09518480 uk-core:ShareCapital 2018-03-31 09518480 uk-core:ShareCapital 2017-03-31 09518480 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 09518480 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 09518480 uk-bus:Director1 2017-04-01 2018-03-31 09518480 uk-core:ToolsEquipment 2017-04-01 2018-03-31 09518480 uk-core:FurnitureFittings 2017-04-01 2018-03-31 09518480 uk-core:ToolsEquipment 2017-03-31 09518480 uk-core:FurnitureFittings 2017-03-31 09518480 uk-core:FurnitureFittings 2018-03-31 09518480 uk-core:ToolsEquipment 2018-03-31 iso4217:GBP 09518480 uk-bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 09518480 uk-bus:FRS102 2017-04-01 2018-03-31 09518480 uk-bus:FullAccounts 2017-04-01 2018-03-31 09518480 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
Optimum Commercial Solutions Limited
Registered Number:09518480
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
Optimum Commercial Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
Optimum Commercial Solutions Limited
Statement of Financial Position
Registered Number :
09518480
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
3,634
4,183
2
3,634
4,183
Current assets
4,279
Cash and cash equivalents
227
227
4,279
Trade and other payables: amounts falling due within one
year
(3,263)
(10,694)
3
1,016
(10,467)
Net current liabilities
Total assets less current liabilities
(6,833)
5,199
(1,284)
(1,284)
Provisions for liabilities
(8,117)
Net assets/liabilities
3,915
Capital and reserves
Called up share capital
100
100
Retained earnings
(8,217)
3,815
(8,117)
3,915
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P D Spooner Director
These financial statements were approved and authorised for issue by the Board on 14 December 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2018
Optimum Commercial Solutions Limited
Notes to the Financial Statements
Statutory Information
Optimum Commercial Solutions Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 09518480.
Registered address:
496 Fulwood Road
Sheffield
S10 3QD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover reflects the fair value of goods and services supplied to each customer based on the extent to which the company has fulfilled its obligations under the sales contract. Turnover excludes VAT.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2017
6,128
1,597
4,531
1,010
1,010
-
Additions
At 31 March 2018
4,531
2,607
7,138
Provision for depreciation and impairment
At 01 April 2017
1,945
721
1,224
Charge for year
1,559
652
907
At 31 March 2018
3,504
1,373
2,131
At 31 March 2018
Net book value
2,400
1,234
3,634
At 31 March 2017
3,307
876
4,183
2 of 3
5
For the year ended 31 March 2018
Optimum Commercial Solutions Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
1,035
918
Other creditors
9,659
2,345
10,694
3,263
3 of 3