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REGISTERED NUMBER: 02913510 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OPTIMUS ASSOCIATES LIMITED

OPTIMUS ASSOCIATES LIMITED (REGISTERED NUMBER: 02913510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMUS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Morrison





REGISTERED OFFICE: 23 Wilfred Close
Worcester
Worcestershire
WR3 8XQ





REGISTERED NUMBER: 02913510 (England and Wales)






OPTIMUS ASSOCIATES LIMITED (REGISTERED NUMBER: 02913510)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,492 1,017

CURRENT ASSETS
Debtors 5 3,557 3,635
Cash at bank and in hand 47,370 48,377
50,927 52,012
CREDITORS
Amounts falling due within one year 6 30,806 40,137
NET CURRENT ASSETS 20,121 11,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,613

12,892

PROVISIONS FOR LIABILITIES 284 193
NET ASSETS 21,329 12,699

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 20,429 11,799
21,329 12,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

OPTIMUS ASSOCIATES LIMITED (REGISTERED NUMBER: 02913510)

BALANCE SHEET - continued
31 MARCH 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 5 October 2024 and were signed by:





R Morrison - Director


OPTIMUS ASSOCIATES LIMITED (REGISTERED NUMBER: 02913510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Optimus Associates 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.

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.
Fixtures and fittings - 25% on cost
Computer equipment - straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

OPTIMUS ASSOCIATES LIMITED (REGISTERED NUMBER: 02913510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 28,029 4,483 32,512
Additions - 1,075 1,075
At 31 March 2024 28,029 5,558 33,587
DEPRECIATION
At 1 April 2023 28,029 3,466 31,495
Charge for year - 600 600
At 31 March 2024 28,029 4,066 32,095
NET BOOK VALUE
At 31 March 2024 - 1,492 1,492
At 31 March 2023 - 1,017 1,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,419 3,497
Prepayments 138 138
3,557 3,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,208 7,338
Tax 6,618 7,332
VAT 1,137 1,698
Other creditors 2,000 2,000
Directors' current accounts 14,818 20,344
Accruals and deferred income 1,025 1,425
30,806 40,137