2023-04-01 2024-03-31 false Capium Accounts Production 1.1 11627191 bus:FullAccounts 2023-04-01 2024-03-31 11627191 bus:FRS102 2023-04-01 2024-03-31 11627191 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11627191 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11627191 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11627191 2023-04-01 2024-03-31 11627191 2024-03-31 11627191 bus:RegisteredOffice 2023-04-01 2024-03-31 11627191 core:WithinOneYear 2024-03-31 11627191 core:AfterOneYear 2024-03-31 11627191 bus:Director1 2023-04-01 2024-03-31 11627191 bus:Director1 2024-03-31 11627191 bus:Director1 2022-04-01 2023-03-31 11627191 bus:Director2 2023-04-01 2024-03-31 11627191 bus:Director2 2024-03-31 11627191 bus:Director2 2022-04-01 2023-03-31 11627191 bus:Director3 2023-04-01 2024-03-31 11627191 bus:Director3 2024-03-31 11627191 bus:Director3 2022-04-01 2023-03-31 11627191 bus:Director4 2023-04-01 2024-03-31 11627191 bus:Director4 2024-03-31 11627191 bus:Director4 2022-04-01 2023-03-31 11627191 2022-04-01 11627191 bus:CompanySecretary1 2023-04-01 2024-03-31 11627191 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 11627191 2022-04-01 2023-03-31 11627191 2023-03-31 11627191 core:WithinOneYear 2023-03-31 11627191 core:AfterOneYear 2023-03-31 11627191 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 11627191 core:FurnitureFittings 2023-04-01 2024-03-31 11627191 core:FurnitureFittings 2024-03-31 11627191 core:FurnitureFittings 2023-03-31 11627191 core:ComputerEquipment 2023-04-01 2024-03-31 11627191 core:ComputerEquipment 2024-03-31 11627191 core:ComputerEquipment 2023-03-31 11627191 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 11627191 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 11627191 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 11627191 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11627191 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 11627191 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 11627191 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 11627191 core:Non-currentFinancialInstruments 2024-03-31 11627191 core:Non-currentFinancialInstruments 2023-03-31 11627191 core:ShareCapital 2024-03-31 11627191 core:ShareCapital 2023-03-31 11627191 core:SharePremium 2024-03-31 11627191 core:SharePremium 2023-03-31 11627191 core:RetainedEarningsAccumulatedLosses 2024-03-31 11627191 core:RetainedEarningsAccumulatedLosses 2023-03-31 11627191 dpl:Item1 2023-04-01 11627191 dpl:Item1 2024-03-31 11627191 dpl:Item1 2022-04-01 11627191 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11627191
England and Wales

 

 

 

OPTIMAL CURRENCY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Charlotte Worthington
David Worthington
Robert Ingleby
Ian James Taylor
Registered Number 11627191
Registered Office Market House
Market Square
Aylesbury
HP20 1TN
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 8,675    11,132 
8,675    11,132 
Current assets      
Stocks 4 154,018    39,621 
Debtors 5 11,938    3,092 
Cash at bank and in hand 107,881    271,597 
273,837    314,310 
Creditors: amount falling due within one year 6 (80,738)   (77,056)
Net current assets 193,099    237,254 
 
Total assets less current liabilities 201,774    248,386 
Creditors: amount falling due after more than one year 7 (10,992)   (20,992)
Net assets 190,782    227,394 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Share premium account 8 164,000    164,000 
Profit and loss account 25,782    62,394 
Shareholder's funds 190,782    227,394 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 April 2024 and were signed on its behalf by:


-------------------------------
Charlotte Worthington
Director
2
General Information
Optimal Currency Limited is a private company, limited by shares, registered in England and Wales, registration number 11627191, registration address Market House, Market Square, Aylesbury, HP20 1TN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 33% Straight Line
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 6,960    16,577    23,537 
Additions 484    864    1,348 
Disposals    
At 31 March 2024 7,444    17,441    24,885 
Depreciation
At 01 April 2023 3,371    9,034    12,405 
Charge for year 943    2,862    3,805 
On disposals    
At 31 March 2024 4,314    11,896    16,210 
Net book values
Closing balance as at 31 March 2024 3,130    5,545    8,675 
Opening balance as at 01 April 2023 3,588    7,544    11,132 


4.

Stocks

2024
£
  2023
£
Work in Progress 154,018    39,621 
154,018    39,621 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 11,938    3,092 
11,938    3,092 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   11,320 
Bank Loans & Overdrafts 10,675    10,675 
Corporation Tax 17,736    14,823 
PAYE & Social Security 11,537    9,522 
Accrued Expenses 39,139    30,716 
Other Creditors 32   
Directors' Current Accounts 1,619   
80,738    77,056 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 10,992    20,992 
10,992    20,992 

8.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 164,000    164,000 
164,000    164,000 

3