OPTIMISE FINANCE LIMITED

Company Registration Number:
05227617 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

OPTIMISE FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

OPTIMISE FINANCE LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 9,535 11,651
Total fixed assets: 9,535 11,651
Current assets
Debtors: 4 172,024 162,403
Cash at bank and in hand: 64,679 8,574
Total current assets: 236,703 170,977
Creditors: amounts falling due within one year: 5 (189,695) (127,530)
Net current assets (liabilities): 47,008 43,447
Total assets less current liabilities: 56,543 55,098
Creditors: amounts falling due after more than one year: 6 (425,023) (332,284)
Total net assets (liabilities): (368,480) (277,186)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (368,482) (277,188)
Shareholders funds: (368,480) (277,186)

The notes form part of these financial statements

OPTIMISE FINANCE LIMITED

Balance sheet statements

For the year ending 30 April 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 October 2024
and signed on behalf of the board by:

Name: S Sumner
Status: Director

The notes form part of these financial statements

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

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

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 8 6

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 102,447
Additions 2,384
At 30 April 2024 104,831
Depreciation
At 01 May 2023 90,796
Charge for year 4,500
At 30 April 2024 95,296
Net book value
At 30 April 2024 9,535
At 30 April 2023 11,651

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £5,000 Trade creditors £177,453 Taxes and social security £4,485 Other creditors £2,757 Total £189,695

OPTIMISE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £30,023 Other loans £395,000 Total £425,023