IRIS Accounts Production v24.3.0.553 05359556 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053595562023-02-28053595562024-02-29053595562023-03-012024-02-29053595562022-02-28053595562022-03-012023-02-28053595562023-02-2805359556ns15:EnglandWales2023-03-012024-02-2905359556ns14:PoundSterling2023-03-012024-02-2905359556ns10:Director12023-03-012024-02-2905359556ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905359556ns10:SmallEntities2023-03-012024-02-2905359556ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2905359556ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905359556ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905359556ns10:AbridgedAccounts2023-03-012024-02-2905359556ns10:CompanySecretary12023-03-012024-02-2905359556ns10:RegisteredOffice2023-03-012024-02-2905359556ns5:CurrentFinancialInstruments2024-02-2905359556ns5:CurrentFinancialInstruments2023-02-2805359556ns5:ShareCapital2024-02-2905359556ns5:ShareCapital2023-02-2805359556ns5:RetainedEarningsAccumulatedLosses2024-02-2905359556ns5:RetainedEarningsAccumulatedLosses2023-02-2805359556ns5:PlantMachinery2023-03-012024-02-2905359556ns5:FurnitureFittings2023-03-012024-02-2905359556ns5:ComputerEquipment2023-03-012024-02-29
REGISTERED NUMBER: 05359556 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED

OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED (REGISTERED NUMBER: 05359556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: N G Bowden





SECRETARY: E A Bowden





REGISTERED OFFICE: 5 Spring Bank
New Mills
High Peak
SK22 4AS





REGISTERED NUMBER: 05359556 (England and Wales)





ACCOUNTANTS: A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL

OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED (REGISTERED NUMBER: 05359556)

ABRIDGED BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,550 1,722
1,550 1,722

CURRENT ASSETS
Debtors 38,563 39,847
Cash at bank 28,877 15,965
67,440 55,812
CREDITORS
Amounts falling due within one year 22,144 17,104
NET CURRENT ASSETS 45,296 38,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,846

40,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,746 40,330
SHAREHOLDERS' FUNDS 46,846 40,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 PRODUCT DESIGN AND MARKETING
LIMITED (REGISTERED NUMBER: 05359556)

ABRIDGED BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





N G Bowden - Director


OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED (REGISTERED NUMBER: 05359556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Optimum Product Design and Marketing 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 represents net income from services provided, excluding value added tax.

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
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2023 - 2 ) .

OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED (REGISTERED NUMBER: 05359556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 6,098
DEPRECIATION
At 1 March 2023 4,376
Charge for year 172
At 29 February 2024 4,548
NET BOOK VALUE
At 29 February 2024 1,550
At 28 February 2023 1,722

5. RELATED PARTY DISCLOSURES

The ultimate controlling party is N G Bowden.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OPTIMUM PRODUCT DESIGN AND MARKETING
LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Optimum Product Design and Marketing Limited for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Optimum Product Design and Marketing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optimum Product Design and Marketing Limited and state those matters that we have agreed to state to the director of Optimum Product Design and Marketing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optimum Product Design and Marketing Limited and its director for our work or for this report.

It is your duty to ensure that Optimum Product Design and Marketing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optimum Product Design and Marketing Limited. You consider that Optimum Product Design and Marketing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Optimum Product Design and Marketing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL


19 November 2024