IRIS Accounts Production v24.2.0.383 04912021 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049120212022-12-31049120212023-12-31049120212023-01-012023-12-31049120212021-12-31049120212022-01-012022-12-31049120212022-12-3104912021ns15:EnglandWales2023-01-012023-12-3104912021ns14:PoundSterling2023-01-012023-12-3104912021ns10:Director12023-01-012023-12-3104912021ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104912021ns10:SmallEntities2023-01-012023-12-3104912021ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104912021ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104912021ns10:FullAccounts2023-01-012023-12-310491202112023-01-012023-12-3104912021ns10:OrdinaryShareClass22023-01-012023-12-3104912021ns10:OrdinaryShareClass32023-01-012023-12-3104912021ns10:Director22023-01-012023-12-3104912021ns10:CompanySecretary12023-01-012023-12-3104912021ns10:RegisteredOffice2023-01-012023-12-3104912021ns5:CurrentFinancialInstruments2023-12-3104912021ns5:CurrentFinancialInstruments2022-12-3104912021ns5:ShareCapital2023-12-3104912021ns5:ShareCapital2022-12-3104912021ns5:RetainedEarningsAccumulatedLosses2023-12-3104912021ns5:RetainedEarningsAccumulatedLosses2022-12-3104912021ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104912021ns5:FurnitureFittings2023-01-012023-12-3104912021ns5:ComputerEquipment2023-01-012023-12-3104912021ns5:NetGoodwill2022-12-3104912021ns5:NetGoodwill2023-12-3104912021ns5:NetGoodwill2022-12-3104912021ns5:FurnitureFittings2022-12-3104912021ns5:ComputerEquipment2022-12-3104912021ns5:FurnitureFittings2023-12-3104912021ns5:ComputerEquipment2023-12-3104912021ns5:FurnitureFittings2022-12-3104912021ns5:ComputerEquipment2022-12-3104912021ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104912021ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104912021ns10:OrdinaryShareClass22023-12-3104912021ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 04912021 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Optimal Profit Limited

Optimal Profit Limited (Registered number: 04912021)






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


Optimal Profit Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D W McKee
G D McKee





SECRETARY: D W McKee





REGISTERED OFFICE: 1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 04912021 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Optimal Profit Limited (Registered number: 04912021)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 5,300 5,399
5,300 5,399

CURRENT ASSETS
Debtors 7 17,731 6,157
Cash at bank 34,676 41,357
52,407 47,514
CREDITORS
Amounts falling due within one year 8 33,135 27,285
NET CURRENT ASSETS 19,272 20,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,572

25,628

PROVISIONS FOR LIABILITIES 1,007 1,026
NET ASSETS 23,565 24,602

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 23,562 24,599
SHAREHOLDERS' FUNDS 23,565 24,602

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.

Optimal Profit Limited (Registered number: 04912021)

Balance Sheet - 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.

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 20 September 2024 and were signed on its behalf by:





G D McKee - Director


Optimal Profit Limited (Registered number: 04912021)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Optimal Profit 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 (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced fees for services provided and net invoiced sales of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 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.

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.

Optimal Profit Limited (Registered number: 04912021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 5,000
AMORTISATION
At 1 January 2023
and 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,271 11,140 13,411
Additions 1,124 2,425 3,549
Disposals - (4,247 ) (4,247 )
At 31 December 2023 3,395 9,318 12,713
DEPRECIATION
At 1 January 2023 1,390 6,622 8,012
Charge for year 470 1,747 2,217
Eliminated on disposal - (2,816 ) (2,816 )
At 31 December 2023 1,860 5,553 7,413
NET BOOK VALUE
At 31 December 2023 1,535 3,765 5,300
At 31 December 2022 881 4,518 5,399

Optimal Profit Limited (Registered number: 04912021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,355 5,853
Prepayments and accrued income 376 304
17,731 6,157

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,065 2,179
Tax 601 506
Social security and other taxes 3,901 3,274
Other creditors 87 -
Directors' current accounts 23,173 20,063
Accruals and deferred income 1,308 1,263
33,135 27,285

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary A shares £1 2 2
1 Ordinary B shares £1 1 1
3 3

10. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and bear interest at 5% with no specific repayment terms.