OPTIMAL COMPLIANCE CIC

Company limited by guarantee

Company Registration Number:
11718280 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

OPTIMAL COMPLIANCE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OPTIMAL COMPLIANCE CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Benjamin Crampin
Lucien Bartram
William Miles Mann


The director shown below has held office during the period of
1 January 2023 to 20 March 2023

David Hart


The directors shown below have held office during the period of
15 November 2023 to 31 December 2023

Edward Taylor
Thomas Elsbury


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 September 2024

And signed on behalf of the board by:
Name: Benjamin Crampin
Status: Director

OPTIMAL COMPLIANCE CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 13,211 7,430
Gross profit(or loss): 13,211 7,430
Administrative expenses: ( 13,211 ) ( 7,430 )
Operating profit(or loss): 0 0
Interest receivable and similar income: 2,705
Profit(or loss) before tax: 2,705 0
Tax: ( 514 )
Profit(or loss) for the financial year: 2,191 0

OPTIMAL COMPLIANCE CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 192,988 201,894
Total current assets: 192,988 201,894
Creditors: amounts falling due within one year: 3 ( 190,797 ) ( 201,894 )
Net current assets (liabilities): 2,191 0
Total assets less current liabilities: 2,191 0
Total net assets (liabilities): 2,191 0
Members' funds
Profit and loss account: 2,191 0
Total members' funds: 2,191 0

The notes form part of these financial statements

OPTIMAL COMPLIANCE CIC

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Benjamin Crampin
Status: Director

The notes form part of these financial statements

OPTIMAL COMPLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OPTIMAL COMPLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

OPTIMAL COMPLIANCE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 514
Accruals and deferred income 190,283 201,894
Total 190,797 201,894

COMMUNITY INTEREST ANNUAL REPORT

OPTIMAL COMPLIANCE CIC

Company Number: 11718280 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Optimal Compliance CIC has provided business support for small and medium-sized enterprises in the United Kingdom. Practical business support has been provided to eligible businesses in accountancy, tax, human resources, and law fields throughout the duration of this period.The community has benefitted from the actions of the CIC as it has had access to services that are not provided elsewhere.

Consultation with stakeholders

The company's stakeholders arc small and medium sized business owners and leaders. A consultation meeting has been held with stakeholders and their advisers, and actions taken by the company have been guided by feedback from stakeholders.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 September 2024

And signed on behalf of the board by:
Name: Benjamin Crampin
Status: Director