Abbreviated Company Accounts - OPTIMUM VEHICLES LIMITED

06484557 OPTIMUM VEHICLES LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 06484557 2013-03-01 2014-02-28 06484557 2014-02-28 06484557 2013-02-28 06484557 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 06484557 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 06484557

OPTIMUM VEHICLES LIMITED

Abbreviated Accounts

28 February 2014

OPTIMUM VEHICLES LIMITED Registered Number 06484557

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	21,845	8,642
		21,845	8,642
Current assets
Stocks		500,610	416,591
Debtors		158,241	1,297
Cash at bank and in hand		76,510	54,981
		735,361	472,869
Prepayments and accrued income		4,002	2,275
Creditors: amounts falling due within one year		(548,352)	(390,904)
Net current assets (liabilities)		191,011	84,240
Total assets less current liabilities		212,856	92,882
Accruals and deferred income		(12,074)	(12,514)
Total net assets (liabilities)		200,782	80,368
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		200,780	80,366
Shareholders' funds		200,782	80,368

For the year ending 28 February 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 November 2014

And signed on their behalf by:
P Atkinson, Director

OPTIMUM VEHICLES LIMITED Registered Number 06484557

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added taxation.

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

2Tangible fixed assets

	£
Cost
At 1 March 2013	14,662
Additions	25,600
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	40,262
Depreciation
At 1 March 2013	6,020
Charge for the year	12,397
On disposals	-
At 28 February 2014	18,417
Net book values
At 28 February 2014	21,845
At 28 February 2013	8,642

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2