Optiload Limited - Accounts to registrar - small 17.1.1
Optiload Limited - Accounts to registrar - small 17.1.1
REGISTERED NUMBER: |
OPTILOAD LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
OPTILOAD LIMITED (REGISTERED NUMBER: 06789356) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 JANUARY 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
OPTILOAD LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 JANUARY 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
OPTILOAD LIMITED (REGISTERED NUMBER: 06789356) |
BALANCE SHEET |
31 JANUARY 2017 |
2017 | 2016 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
OPTILOAD LIMITED (REGISTERED NUMBER: 06789356) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 JANUARY 2017 |
1. | STATUTORY INFORMATION |
Optiload Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This may not be appropriate because at 31 January 2017 the company's liabilities exceeded it's assets by |
£295,561 (2016: £285,696). The Director however believes, that due to the ongoing support of the company's |
shareholders that it is appropriate to prepare the financial statements on the going concern basis which |
assumes that the company will continue in operational existence for the foreseeable future. |
If the company were unable to continue in operational existence for the foreseeable future, adjustments would |
have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for |
further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and |
liabilities. |
These financial statements for the year ended 31 January 2017 are the first that the company has prepared |
under FRS 102. |
The company's financial statements are individual entity financial statements. |
The company's financial statements are presented in Sterling and all values are rounded to the nearest pound. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making |
due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted |
or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
OPTILOAD LIMITED (REGISTERED NUMBER: 06789356) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JANUARY 2017 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 February 2016 |
and 31 January 2017 |
DEPRECIATION |
At 1 February 2016 |
Charge for year |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
5. | STOCKS |
2017 | 2016 |
as restated |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
as restated |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
as restated |
£ | £ |
Trade creditors |
VAT | 1,119 | 1,442 |
Other creditors |
Directors' current accounts | 335,556 | 320,347 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | as restated |
£ | £ |
Ordinary | £1 | 100 | 100 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |