Optimal Engineering Design Limited
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06535535
Optimal Engineering Design Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Optimal Engineering Design Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the
|
year ended
31
March
2015
and you consider that the company is exempt from an audit under the Companies
|
Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist
|
you to fulfil your statutory responsibilities
,
from the accounting records and information and explanations
|
supplied to us
.
|
Mensis Accountants
8 The Plain
Thornbury
Bristol
BS35 2AG
18 December 2015
1 of 4
Abbreviated Balance Sheet
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Optimal Engineering Design Limited
2015
2014
2
5,450
6,412
5,450
6,412
203,253
217,011
203,253
217,011
Creditors
:
amounts falling due within one year
|
(29,979)
(14,149)
187,032
189,104
Net current assets
Total assets less current liabilities
|
194,554
193,444
194,554
Net assets
193,444
6
3
6
194,548
193,438
194,554
193,444
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 20 December 2015
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Dr Hamid Reza Alagha Director
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Optimal Engineering Design Limited
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of
|
exchange ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at
|
the date of the transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been
|
approved by the shareholders prior to the balance sheet date
.
|
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:
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Plant and Machinery
Computer Equipment
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Optimal Engineering Design Limited
15,774
15,774
9,362
962
Charge for year
10,324
5,450
6,412
Allotted called up and fully paid
|
2015
2014
6
Class A shares of £
1
.
00
each
|
6
6
6
6
4 of 4