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REGISTERED NUMBER: 06314615 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

OPTIMUM MANAGEMENT SOLUTIONS LTD

OPTIMUM MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


OPTIMUM MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,418 1,881

CURRENT ASSETS
Debtors 5 - 500
Cash at bank 27,285 57,829
27,285 58,329
CREDITORS
Amounts falling due within one year 6 26,420 40,799
NET CURRENT ASSETS 865 17,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,283

19,411

CREDITORS
Amounts falling due after more than one
year

7

(9,416

)

(15,931

)

PROVISIONS FOR LIABILITIES (305 ) (432 )
NET (LIABILITIES)/ASSETS (7,438 ) 3,048

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (7,538 ) 2,948
SHAREHOLDERS' FUNDS (7,438 ) 3,048

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





P J Duffy - Director


OPTIMUM MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

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


1. STATUTORY INFORMATION

Optimum Management Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06314615

Registered office: 368 Forest Road
London
E17 5JF

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements have been prepared on the going concern basis which the Director believes
to be appropriate. The company continues with the support of its director and shareholders.

OPTIMUM MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 5,514
DEPRECIATION
At 1 August 2022 3,633
Charge for year 463
At 31 July 2023 4,096
NET BOOK VALUE
At 31 July 2023 1,418
At 31 July 2022 1,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 3,014 -
Taxation and social security 6,506 8,912
Other creditors 16,900 31,887
26,420 40,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 9,416 15,931

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,876

OPTIMUM MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 06314615)

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


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,014 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,014 3,014

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,402 9,041

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,876

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


20232022
£   £   
Amounts owed by/(to) P J Duffy (Director)(15,865)(30,892)

The controlling party is P J Duffy.