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Registration number: 14048508

Optima Wellness Limited

Unaudited Filleted Financial Statements

for the Period from 14 April 2022 to 30 April 2023

 

Optima Wellness Limited

Contents
for the Period from 14 April 2022 to 30 April 2023

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Optima Wellness Limited

Company Information
for the Period from 14 April 2022 to 30 April 2023

Directors

A Bozhani

D Li

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

14048508 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Optima Wellness Limited

(Registration number: 14048508)
Balance Sheet as at 30 April 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

17,489

Current assets

 

Debtors

5

14,023

Cash at bank and in hand

 

4,022

 

18,045

Creditors: Amounts falling due within one year

6

(76,777)

Net current liabilities

 

(58,732)

Total assets less current liabilities

 

(41,243)

Creditors: Amounts falling due after more than one year

6

(10,980)

Net liabilities

 

(52,223)

Capital and reserves

 

Called up share capital

100

Retained earnings

(52,323)

Shareholders' deficit

 

(52,223)

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 April 2024 and signed on its behalf by:
 

 

Optima Wellness Limited

(Registration number: 14048508)
Balance Sheet as at 30 April 2023

.........................................
A Bozhani
Director

 

Optima Wellness Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the Board on 8 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on the going concern basis on the understanding that the directors will continue to financially support the company for the foreseeable future.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% Straight line

 

Optima Wellness Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2022 to 30 April 2023

Furniture and fittings

33% Straight line

Plant and machinery

15% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Optima Wellness Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2022 to 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

20,377

20,377

At 30 April 2023

20,377

20,377

Depreciation

Charge for the period

2,888

2,888

At 30 April 2023

2,888

2,888

Carrying amount

At 30 April 2023

17,489

17,489

5

Debtors

Current

2023
£

Prepayments

2,417

Other debtors

11,606

 

14,023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

3,660

Accruals and deferred income

 

358

Other creditors

 

72,759

 

76,777

 

Optima Wellness Limited

Notes to the Unaudited Financial Statements for the Period from 14 April 2022 to 30 April 2023

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

10,980

7

Related party transactions

2023

At 14 April 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Advances and credits

-

100

(69,993)

(69,893)

 

Other transactions with directors

The balance due to the directors at the year end date was free of interest and deemed repayable on demand.