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REGISTERED NUMBER: 12182598 (England and Wales)


Optimum Courier Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 August 2023






Optimum Courier Ltd (Registered number: 12182598)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Optimum Courier Ltd

Company Information
for the year ended 31 August 2023







DIRECTOR: Mr I Tenu





REGISTERED OFFICE: 8 Wolfson House
Atkinson Close
London
SW20 0FR





REGISTERED NUMBER: 12182598 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Optimum Courier Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Optimum Courier Ltd for the year ended 31 August 2023 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Optimum Courier Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optimum Courier Ltd and state those matters that we have agreed to state to the director of Optimum Courier Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optimum Courier Ltd and its director for our work or for this report.

It is your duty to ensure that Optimum Courier Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optimum Courier Ltd. You consider that Optimum Courier Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Optimum Courier Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


19 January 2024

Optimum Courier Ltd (Registered number: 12182598)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,777 64,362

CURRENT ASSETS
Debtors 5 42,526 36,177
Cash at bank and in hand 55,532 36,336
98,058 72,513
CREDITORS
Amounts falling due within one year 6 48,850 53,855
NET CURRENT ASSETS 49,208 18,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,985

83,020

CREDITORS
Amounts falling due after more than one
year

7

(10,705

)

(20,833

)

PROVISIONS FOR LIABILITIES 8 (9,942 ) -
NET ASSETS 81,338 62,187

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 81,337 62,186
SHAREHOLDERS' FUNDS 81,338 62,187

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Courier Ltd (Registered number: 12182598)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings for the year ended 31 August 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 director and authorised for issue on 19 January 2024 and were signed by:





Mr I Tenu - Director


Optimum Courier Ltd (Registered number: 12182598)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Optimum Courier 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. 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.

Turnover is recognised when the company obtains the right to consideration and is derived from the ordinary activities of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 18% on reducing balance
Computer equipment - 18% 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.


Optimum Courier Ltd (Registered number: 12182598)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 84,685 734 85,419
DEPRECIATION
At 1 September 2022 20,925 132 21,057
Charge for year 11,477 108 11,585
At 31 August 2023 32,402 240 32,642
NET BOOK VALUE
At 31 August 2023 52,283 494 52,777
At 31 August 2022 63,760 602 64,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,228 36,177
Other debtors 5,298 -
42,526 36,177

Optimum Courier Ltd (Registered number: 12182598)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,462 431
Taxation and social security 27,171 28,424
Other creditors 16,217 25,000
48,850 53,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,705 20,833

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,942 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 9,942
Balance at 31 August 2023 9,942

9. CALLED UP SHARE CAPITAL

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

Optimum Courier Ltd (Registered number: 12182598)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

10. RESERVES
Retained
earnings
£   

At 1 September 2022 62,186
Profit for the year 40,151
Dividends (21,000 )
At 31 August 2023 81,337

11. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to key management personnel of £- (2022:Nil)- at balance sheet date. No interest was charged on this balance and no set repayment terms are in place.