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Company Registration No. 12186929 (England and Wales)
Optimal Surveying Solutions Limited Unaudited accounts for the year ended 31 December 2023
Optimal Surveying Solutions Limited Unaudited accounts Contents
Page
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Optimal Surveying Solutions Limited Company Information for the year ended 31 December 2023
Directors
S M Laird B Laird
Company Number
12186929 (England and Wales)
Registered Office
70 Evergreen Drive Hull East Riding Of Yorkshire HU6 7YD England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Optimal Surveying Solutions Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,391 
10,033 
Current assets
Cash at bank and in hand
7,311 
32,452 
Creditors: amounts falling due within one year
(7,319)
(23,225)
Net current (liabilities)/assets
(8)
9,227 
Total assets less current liabilities
8,383 
19,260 
Provisions for liabilities
Deferred tax
(1,906)
(1,906)
Net assets
6,477 
17,354 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,475 
17,352 
Shareholders' funds
6,477 
17,354 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
S M Laird Director Company Registration No. 12186929
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Optimal Surveying Solutions Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Optimal Surveying Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12186929. The registered office is 70 Evergreen Drive, Hull, East Riding Of Yorkshire, HU6 7YD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% wdv
Fixtures & fittings
20% cost
Computer equipment
20% cost
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Optimal Surveying Solutions Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
7,330 
6,998 
14,328 
Additions
- 
1,504 
1,504 
At 31 December 2023
7,330 
8,502 
15,832 
Depreciation
At 1 January 2023
740 
3,555 
4,295 
Charge for the year
1,446 
1,700 
3,146 
At 31 December 2023
2,186 
5,255 
7,441 
Net book value
At 31 December 2023
5,144 
3,247 
8,391 
At 31 December 2022
6,590 
3,443 
10,033 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,425 
3,905 
Taxes and social security
1,251 
7,300 
Loans from directors
2,643 
12,020 
7,319 
23,225 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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