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REGISTERED NUMBER: 11230068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

OPTIMUM DRY ICE BLASTING LTD

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMUM DRY ICE BLASTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I Reynolds
Mrs A J Reynolds





REGISTERED OFFICE: Unit 10
Rovex Business Park
Hay Hall Road
Birmingham
B11 2AG





REGISTERED NUMBER: 11230068 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,254 45,935

CURRENT ASSETS
Debtors 5 78,171 15,953
Cash at bank 13,819 48,105
91,990 64,058
CREDITORS
Amounts falling due within one year 6 71,886 50,350
NET CURRENT ASSETS 20,104 13,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,358

59,643

CREDITORS
Amounts falling due after more than one
year

7

123,859

72,238
NET LIABILITIES (63,501 ) (12,595 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (63,503 ) (12,597 )
SHAREHOLDERS' FUNDS (63,501 ) (12,595 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:





I Reynolds - Director


OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Optimum Dry Ice Blasting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured by reference to invoices issued and work completed still to be invoiced, at the fair value of the consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.

Tangible fixed assets
The company capitalises all expenditure on tangible assets where the amount of expenditure exceeds £500.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance.
Office and computer equipment - 15% 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 for employees through N.E.S.T. Contributions payable to the 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 4 (2022 - 5 ) .

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 65,237 1,266 66,503
Additions 833 590 1,423
At 31 March 2023 66,070 1,856 67,926
DEPRECIATION
At 1 April 2022 19,963 605 20,568
Charge for year 6,916 188 7,104
At 31 March 2023 26,879 793 27,672
NET BOOK VALUE
At 31 March 2023 39,191 1,063 40,254
At 31 March 2022 45,274 661 45,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,272 12,288
Other debtors 1,899 3,665
78,171 15,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,690 9,646
Taxation and social security 60,622 39,130
Other creditors 1,574 1,574
71,886 50,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,077 34,837
Other creditors 89,782 37,401
123,859 72,238

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,299 5,299
Between one and five years 2,650 7,949
7,949 13,248

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. OTHER DISCLOSURES

At the balance sheet date, the company was in dispute with its bank regarding the legality of a Bounce Back Loan which had been amended to a different form of loan. The figures included within the accounts represent the costs and outstanding liability under the terms of the original Bounce Back Loan agreement.