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COMPANY REGISTRATION NUMBER: 11544342
OPTIMUS HOLDINGS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2022
OPTIMUS HOLDINGS LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
OPTIMUS HOLDINGS LTD
OFFICERS AND PROFESSIONAL ADVISERS
Director
Mr M Clay
Registered office
20 Wenlock Road
London
England
N1 7GU
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
OPTIMUS HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
31 December 2022
2022
2021
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
113,337
115,807
Cash at bank and in hand
51
39,000
---------
---------
113,388
154,807
CREDITORS: amounts falling due within one year
5
( 177,086)
( 178,844)
---------
---------
NET CURRENT LIABILITIES
( 63,698)
( 24,037)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 63,698)
( 24,037)
--------
--------
NET LIABILITIES
( 63,698)
( 24,037)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 63,798)
( 24,137)
--------
--------
SHAREHOLDERS DEFICIT
( 63,698)
( 24,037)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 April 2024 , and are signed on behalf of the board by:
Mr M Clay
Director
Company registration number: 11544342
OPTIMUS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Wenlock Road, London, N1 7GU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Debtors
2022
2021
£
£
Trade debtors
113,337
113,337
Other debtors
2,470
---------
---------
113,337
115,807
---------
---------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
2,497
Other creditors
177,086
176,347
---------
---------
177,086
178,844
---------
---------