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Company Registration No. 10306534 (England and Wales)
Optimain Ltd Unaudited accounts for the year ended 31 August 2023
Optimain Ltd Unaudited accounts Contents
Page
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Optimain Ltd Company Information for the year ended 31 August 2023
Directors
Daniel Shorten Rohaise Shorten
Company Number
10306534 (England and Wales)
Registered Office
1 Low Water Frome Somerset BA11 3AR
Accountants
The Counting House (Frome) Ltd 7 Springfield Norton St Philip Nr Bath Somerset BA2 7NR
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Optimain Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
223 
4,269 
Current assets
Cash at bank and in hand
236 
3,726 
Creditors: amounts falling due within one year
(9,483)
(11,795)
Net current liabilities
(9,247)
(8,069)
Net liabilities
(9,024)
(3,800)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,026)
(3,802)
Shareholders' funds
(9,024)
(3,800)
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
Daniel Shorten Director Company Registration No. 10306534
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Optimain Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Optimain Ltd is a private company, limited by shares, registered in England and Wales, registration number 10306534. The registered office is 1 Low Water, Frome, Somerset, BA11 3AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
19,900 
1,344 
21,244 
At 31 August 2023
19,900 
1,344 
21,244 
Depreciation
At 1 September 2022
16,123 
852 
16,975 
Charge for the year
3,777 
269 
4,046 
At 31 August 2023
19,900 
1,121 
21,021 
Net book value
At 31 August 2023
- 
223 
223 
At 31 August 2022
3,777 
492 
4,269 
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Optimain Ltd Notes to the Accounts for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,397 
Taxes and social security
- 
403 
Other creditors
- 
2,575 
Loans from directors
9,483 
7,420 
9,483 
11,795 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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