Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02251071 Mr Paul Dawes Mrs Chantelle Dawes Mr Paul Dawes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02251071 2022-12-31 02251071 2023-12-31 02251071 2023-01-01 2023-12-31 02251071 frs-core:CurrentFinancialInstruments 2023-12-31 02251071 frs-core:Non-currentFinancialInstruments 2023-12-31 02251071 frs-core:ComputerEquipment 2023-12-31 02251071 frs-core:ComputerEquipment 2023-01-01 2023-12-31 02251071 frs-core:ComputerEquipment 2022-12-31 02251071 frs-core:FurnitureFittings 2023-12-31 02251071 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02251071 frs-core:FurnitureFittings 2022-12-31 02251071 frs-core:MotorVehicles 2023-12-31 02251071 frs-core:MotorVehicles 2023-01-01 2023-12-31 02251071 frs-core:MotorVehicles 2022-12-31 02251071 frs-core:WithinOneYear 2023-12-31 02251071 frs-core:ShareCapital 2023-12-31 02251071 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02251071 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02251071 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02251071 frs-bus:SmallEntities 2023-01-01 2023-12-31 02251071 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02251071 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02251071 frs-bus:Director1 2023-01-01 2023-12-31 02251071 frs-bus:Director2 2023-01-01 2023-12-31 02251071 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02251071 frs-countries:EnglandWales 2023-01-01 2023-12-31 02251071 2021-12-31 02251071 2022-12-31 02251071 2022-01-01 2022-12-31 02251071 frs-core:CurrentFinancialInstruments 2022-12-31 02251071 frs-core:Non-currentFinancialInstruments 2022-12-31 02251071 frs-core:BetweenOneFiveYears 2022-12-31 02251071 frs-core:WithinOneYear 2022-12-31 02251071 frs-core:ShareCapital 2022-12-31 02251071 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02251071
Optima Security Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Grey Cube Accounting Limited
Broad Oak Farm
Horden
Cranbrook
Kent
TN17 2NJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02251071
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,266 24,217
19,266 24,217
CURRENT ASSETS
Debtors 5 32,310 102,968
Cash at bank and in hand 85,385 95,609
117,695 198,577
Creditors: Amounts Falling Due Within One Year 6 (83,009 ) (128,479 )
NET CURRENT ASSETS (LIABILITIES) 34,686 70,098
TOTAL ASSETS LESS CURRENT LIABILITIES 53,952 94,315
Creditors: Amounts Falling Due After More Than One Year 7 (1,129 ) (4,777 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,661 ) (5,356 )
NET ASSETS 49,162 84,182
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 49,062 84,082
SHAREHOLDERS' FUNDS 49,162 84,182
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Dawes
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Optima Security Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02251071 . The registered office is 94/19 Popjak Road, Kent Science Park, Sittingbourne, Kent, ME9 8PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 15% Reducing balance basis
Computer Equipment 15% Reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 35,466 5,172 7,163 47,801
Additions - 236 666 902
As at 31 December 2023 35,466 5,408 7,829 48,703
Depreciation
As at 1 January 2023 14,618 3,207 5,759 23,584
Provided during the period 5,212 330 311 5,853
As at 31 December 2023 19,830 3,537 6,070 29,437
Net Book Value
As at 31 December 2023 15,636 1,871 1,759 19,266
As at 1 January 2023 20,848 1,965 1,404 24,217
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 32,310 102,968
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,973 3,178
Trade creditors 40,811 86,936
Corporation tax 25,388 25,531
VAT 9,636 10,400
Accruals and deferred income 1,389 1,323
Directors' loan accounts 1,812 1,111
83,009 128,479
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 3,973
Other taxes and social security 1,129 804
1,129 4,777
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,973 3,178
Later than one year and not later than five years - 3,973
3,973 7,151
3,973 7,151
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5