Registered number
07814926
Optimus Telecom Services Limited
Filleted Accounts
31 October 2021
Optimus Telecom Services Limited
Registered number: 07814926
Balance Sheet
as at 31 October 2021
Notes 2021 2020
£ £
Current assets
Debtors 3 61,490 130,000
Cash at bank and in hand 1,472 585
62,962 130,585
Creditors: amounts falling due within one year 4 (54,538) (120,719)
Net current assets 8,424 9,866
Net assets 8,424 9,866
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,423 9,865
Shareholder's funds 8,424 9,866
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N R Cramphorn
Director
Approved by the board on 20 July 2022
Optimus Telecom Services Limited
Notes to the Accounts
for the year ended 31 October 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2021 2020
£ £
Trade debtors 840 -
Other debtors 60,650 130,000
61,490 130,000
4 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 54,538 120,719
5 Controlling party
The company is under the control of the Director, Mr N R Cramphorn, by virtue of his shareholding.
6 Other information
Optimus Telecom Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
72 Wilson Street
London
EC2A 2DH
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