REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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OPTIMUM INTERNATIONAL 2000 LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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OPTIMUM INTERNATIONAL 2000 LIMITED |
OPTIMUM INTERNATIONAL 2000 LIMITED (REGISTERED NUMBER: 03199751) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
OPTIMUM INTERNATIONAL 2000 LIMITED (REGISTERED NUMBER: 03199751) |
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ABBREVIATED BALANCE SHEET |
30 APRIL 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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165,161 | 181,847 |
OPTIMUM INTERNATIONAL 2000 LIMITED (REGISTERED NUMBER: 03199751) |
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ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2016 |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
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The financial statements were approved by the Board of Directors on
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OPTIMUM INTERNATIONAL 2000 LIMITED (REGISTERED NUMBER: 03199751) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company meets its day to day working capital requirements through a combined invoice finance facility with credit protection. The |
facility has a six month notice period. |
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash flows. The |
directors have undertaken to continue to financially support the company to the maximum of £1,100,000 for a period of 12 months |
from the date of their approval of these accounts. The directors have agreed not to pursue repayment of this amount until the |
company has sufficient funds to do so. |
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting |
Standard for Smaller Entities (effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange |
differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
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Revenue recognition |
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the |
supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which represents amounts |
chargeable to customers. |
OPTIMUM INTERNATIONAL 2000 LIMITED (REGISTERED NUMBER: 03199751) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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Ordinary B | £1 |
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Ordinary C | £1 |
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5,200 | 5,200 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits from directors subsisted during the years ended 30 April 2016 and 30 April 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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The above loans are unsecured and interest free. |
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Included in creditors falling due after more than one year are deferred loans due to Mr J S Ogden and Mrs S C J Ogden of £550,000 |
(2013: £550,000) each. |