Company Registration No. 10306534 (England and Wales)
Optimain Ltd
Unaudited accounts
for the year ended 31 August 2023
Optimain Ltd
Unaudited accounts
Contents
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
Optimain Ltd
Statement of financial position
as at 31 August 2023
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)
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
Optimain Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 August 2023
-
223
223
At 31 August 2022
3,777
492
4,269
Optimain Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
403
Loans from directors
9,483
7,420
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).