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REGISTERED NUMBER: 07889618 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OPTIMUM PPS LIMITED

OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMUM PPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms Lee Ann Healy
Mr Steve Wilson





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 07889618 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,695 15,441

CURRENT ASSETS
Debtors 5 526,451 268,334
Cash at bank 680,207 1,035,395
1,206,658 1,303,729
CREDITORS
Amounts falling due within one year 6 334,422 438,085
NET CURRENT ASSETS 872,236 865,644
TOTAL ASSETS LESS CURRENT LIABILITIES 882,931 881,085

CREDITORS
Amounts falling due after more than
one year

7

(14,806

)

(24,947

)

PROVISIONS FOR LIABILITIES (2,674 ) (2,934 )
NET ASSETS 865,451 853,204

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 865,351 853,104
865,451 853,204

OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year 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.

The 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 Statement of Comprehensive Income has not been delivered.

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:





Mr Steve Wilson - Director


OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Optimum PPS Limited 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account in the period in which the related work is carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 January 2023 5,898 39,676 45,574
Additions - 498 498
At 31 December 2023 5,898 40,174 46,072
DEPRECIATION
At 1 January 2023 2,208 27,925 30,133
Charge for year 553 4,691 5,244
At 31 December 2023 2,761 32,616 35,377
NET BOOK VALUE
At 31 December 2023 3,137 7,558 10,695
At 31 December 2022 3,690 11,751 15,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 350,618 265,467
Other debtors 175,833 2,867
526,451 268,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,140 9,890
Trade creditors 66,390 112,667
Taxation and social security 249,146 201,411
Other creditors 8,746 114,117
334,422 438,085

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,806 24,947

OPTIMUM PPS LIMITED (REGISTERED NUMBER: 07889618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. OTHER FINANCIAL COMMITMENTS

At 31 December 2023 the company had annual commitments under non-cancellable operating leases of £20,892 due within one year and £36,562 due between 1-5 years ( 2022 £14,456 due within one year ).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms Lee Ann Healy
Balance outstanding at start of year (48,251 ) (524 )
Amounts advanced 246,012 10,293
Amounts repaid (43,168 ) (58,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 154,593 (48,251 )

Mr Steve Wilson
Balance outstanding at start of year (52,908 ) (413 )
Amounts advanced 136,035 27,456
Amounts repaid (82,259 ) (79,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 868 (52,908 )

The loan is unsecured and repayable on demand. Interest has been charged at a rate of 2% from 6 April 2021 and 2.25% from 6 April 2023 on any outstanding advances granted to the Director.