Optima Financial Services Limited - Accounts to registrar (filleted) - small 17.3

Optima Financial Services Limited - Accounts to registrar (filleted) - small 17.3

OPTIMA FINANCIAL SERVICES LTD. - Company Information

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REGISTERED NUMBER: SC202196 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2017

for

OPTIMA FINANCIAL SERVICES LIMITED
OPTIMA FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC202196)

Contents of the Financial Statements
for the Year Ended 30 June 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMA FINANCIAL SERVICES LIMITED

Company Information
for the Year Ended 30 June 2017







DIRECTORS: D N M Craik
A J Harvie





SECRETARY: D N M Craik





REGISTERED OFFICE: 2 Bon Accord Square
Aberdeen
Aberdeenshire
AB11 6DJ





REGISTERED NUMBER: SC202196 (Scotland)





1
OPTIMA FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC202196)

Balance Sheet
30 June 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,398 16,884

CURRENT ASSETS
Debtors 5 389,372 352,189
Cash at bank and in hand 308,821 296,214
698,193 648,403
CREDITORS
Amounts falling due within one year 6 177,717 143,752
NET CURRENT ASSETS 520,476 504,651
TOTAL ASSETS LESS CURRENT
LIABILITIES
533,874
521,535

PROVISIONS FOR LIABILITIES 2,057 37,215
NET ASSETS 531,817 484,320

CAPITAL AND RESERVES
Called up share capital 22,718 22,718
Share premium 21,976 21,976
Retained earnings 487,123 439,626
531,817 484,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

2
OPTIMA FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC202196)

Balance Sheet - continued
30 June 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 February 2018 and were signed on its behalf by:





D N M Craik - Director


The notes form part of these financial statements

3
OPTIMA FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC202196)

Notes to the Financial Statements
for the Year Ended 30 June 2017


1. STATUTORY INFORMATION

Optima Financial Services Limited is a private company, limited by shares , registered in Scotland. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4
OPTIMA FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC202196)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016 97,071
Additions 785
At 30 June 2017 97,856
DEPRECIATION
At 1 July 2016 80,187
Charge for year 4,271
At 30 June 2017 84,458
NET BOOK VALUE
At 30 June 2017 13,398
At 30 June 2016 16,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 81,735 76,575
Other debtors 307,637 275,614
389,372 352,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 60,326 40,776
Taxation and social security 93,258 77,477
Other creditors 24,133 25,499
177,717 143,752

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

5