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REGISTERED NUMBER: 06975772 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

K S Optimus Ltd

K S Optimus Ltd (Registered number: 06975772)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K S Optimus Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs K A Staniszewska
Mr M Staniszewski





REGISTERED OFFICE: 1A West Cross
Caen Street
Braunton
Devon
EX33 1AQ





REGISTERED NUMBER: 06975772 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

K S Optimus Ltd (Registered number: 06975772)

Abridged Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 48,899 53,344
Tangible assets 6 32,783 83,565
81,682 136,909

CURRENT ASSETS
Stocks 300 300
Debtors 83,807 59,818
Cash at bank and in hand 145,983 24,985
230,090 85,103
CREDITORS
Amounts falling due within one year 113,781 66,394
NET CURRENT ASSETS 116,309 18,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,991

155,618

CREDITORS
Amounts falling due after more than one
year

(19,062

)

(70,464

)

PROVISIONS FOR LIABILITIES (6,959 ) (20,397 )
NET ASSETS 171,970 64,757

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 171,870 64,657
SHAREHOLDERS' FUNDS 171,970 64,757

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 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.

K S Optimus Ltd (Registered number: 06975772)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





Mrs K A Staniszewska - Director


K S Optimus Ltd (Registered number: 06975772)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

K S Optimus 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line
Equipment, fixtures & fittings - 20% straight line
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Government grants
Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Government grants in respect of revenue items are credited to the profit and loss account when they are receivable.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

K S Optimus Ltd (Registered number: 06975772)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

K S Optimus Ltd (Registered number: 06975772)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 88,904
AMORTISATION
At 1 August 2022 35,560
Amortisation for year 4,445
At 31 July 2023 40,005
NET BOOK VALUE

At 31 July 2023 48,899
At 31 July 2022 53,344

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 203,886
Additions 17,005
Disposals (66,404 )
At 31 July 2023 154,487
DEPRECIATION
At 1 August 2022 120,321
Charge for year 18,061
Eliminated on disposal (16,678 )
At 31 July 2023 121,704
NET BOOK VALUE
At 31 July 2023 32,783
At 31 July 2022 83,565


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 52,649

The hire purchase contracts are secured over the assets to which they relate.

K S Optimus Ltd (Registered number: 06975772)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. CALLED UP SHARE CAPITAL

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mrs K A Staniszewska
Balance outstanding at start of year 36,468 47,556
Amounts advanced 28,432 12,631
Amounts repaid (11,485 ) (23,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,415 36,468

The maximum overdrawn balance during the year was £53,415.

Interest was charged on the loan at the official interest rate.