Registered Number 09079020

OPTIMIST ARONA INTERNATIONAL LTD.

Abbreviated Accounts

30 June 2015

OPTIMIST ARONA INTERNATIONAL LTD. Registered Number 09079020

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015
£
Current assets
Debtors 653
Cash at bank and in hand 320
973
Creditors: amounts falling due within one year (551)
Net current assets (liabilities) 422
Total assets less current liabilities 422
Total net assets (liabilities) 422
Capital and reserves
Called up share capital 1,000
Profit and loss account (578)
Shareholders' funds 422
  • For the year ending 30 June 2015 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 7 March 2016

And signed on their behalf by:
CUPER EWA, Director

OPTIMIST ARONA INTERNATIONAL LTD. Registered Number 09079020

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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
The turnover shown in the profit and loss accounts represents revenue recognized by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at the rate of 25% pa, on Computer Equipment and 25% on Other Assets, on a straight line basis, calculated to write off the cost of each asset over its expected useful life.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stock and work-in-progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow and accounting purposes that have originated, but not reversed at the Balance Sheet date.