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REGISTERED NUMBER: 11943606 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Optimum Carpentry Solutions Ltd

Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Optimum Carpentry Solutions Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Gardiner





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 11943606 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,336 34,744

CURRENT ASSETS
Debtors 5 70,020 19,617
Cash at bank - 8,706
70,020 28,323
CREDITORS
Amounts falling due within one year 6 50,849 17,442
NET CURRENT ASSETS 19,171 10,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,507

45,625

CREDITORS
Amounts falling due after more than one
year

7

(10,491

)

(21,991

)

PROVISIONS FOR LIABILITIES (3,891 ) (2,706 )
NET ASSETS 40,125 20,928

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 40,119 20,922
SHAREHOLDERS' FUNDS 40,125 20,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Statement of Financial Position - continued
30 April 2024


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 director and authorised for issue on 14 October 2024 and were signed by:





S Gardiner - Director


Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Optimum Carpentry Solutions Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2023 - 2 ) .

Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 May 2023 54,676 2,305 56,981
Additions 13,180 2,412 15,592
Disposals (713 ) (100 ) (813 )
At 30 April 2024 67,143 4,617 71,760
Depreciation
At 1 May 2023 20,942 1,295 22,237
Charge for year 13,429 1,276 14,705
Eliminated on disposal (485 ) (33 ) (518 )
At 30 April 2024 33,886 2,538 36,424
Net book value
At 30 April 2024 33,257 2,079 35,336
At 30 April 2023 33,734 1,010 34,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 38,512 -
Other debtors 31,508 19,617
70,020 19,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 2,477 5,000
Trade creditors 995 1,754
Taxation and social security 14,306 6,077
Other creditors 33,071 4,611
50,849 17,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 10,491 21,991

Optimum Carpentry Solutions Ltd (Registered number: 11943606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 3,200 2,880
Between one and five years 7,200 9,360
10,400 12,240

9. RELATED PARTY DISCLOSURES

S Gardiner
Director

Included in other creditors on 30th April 2024 was £19,898 (2023 - £3,225) owed to the above director. No interest is being charged on this loan and there are no set repayment terms.