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REGISTERED NUMBER: 14538547 (England and Wales)















Unaudited Financial Statements

for the Period 13 December 2022 to 31 December 2023

for

Optimal Manufacturing Ltd

Optimal Manufacturing Ltd (Registered number: 14538547)






Contents of the Financial Statements
for the Period 13 December 2022 to 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Optimal Manufacturing Ltd

Company Information
for the Period 13 December 2022 to 31 December 2023







DIRECTORS: W L Cooper
T A Slimm





REGISTERED OFFICE: 38 Hadlow Close
Redditch
B98 7FU





REGISTERED NUMBER: 14538547 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Optimal Manufacturing Ltd (Registered number: 14538547)

Abridged Statement of Financial Position
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 296,349

CURRENT ASSETS
Stocks 2,250
Debtors 77,133
Cash at bank 19,486
98,869
CREDITORS
Amounts falling due within one year 149,026
NET CURRENT LIABILITIES (50,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,192

CREDITORS
Amounts falling due after more than one
year

5

(241,251

)

PROVISIONS FOR LIABILITIES (2,335 )
NET ASSETS 2,606

CAPITAL AND RESERVES
Called up share capital 7 2
Retained earnings 2,604
SHAREHOLDERS' FUNDS 2,606

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Optimal Manufacturing Ltd (Registered number: 14538547)

Abridged Statement of Financial Position - continued
31 December 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 Income Statement and an abridged Statement of Financial Position for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2024 and were signed on its behalf by:





T A Slimm - Director


Optimal Manufacturing Ltd (Registered number: 14538547)

Notes to the Financial Statements
for the Period 13 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Optimal Manufacturing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Optimal Manufacturing Ltd (Registered number: 14538547)

Notes to the Financial Statements - continued
for the Period 13 December 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 400,538
Disposals (5,000 )
At 31 December 2023 395,538
DEPRECIATION
Charge for period 99,939
Eliminated on disposal (750 )
At 31 December 2023 99,189
NET BOOK VALUE
At 31 December 2023 296,349

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
£   
Repayable by instalments
Hire purchase 63,773

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 271,531

Hire purchase liabilities are secured upon the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

8. CONTROLLING PARTY

The controlling parties are the directors by virtue of their holding of the 100% issued share capital in the company.