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REGISTERED NUMBER: SC202196 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

OPTIMA FINANCIAL SERVICES LTD

OPTIMA FINANCIAL SERVICES LTD (REGISTERED NUMBER: SC202196)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMA FINANCIAL SERVICES LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D N M Craik
A J Harvie





REGISTERED OFFICE: 2 Bon Accord Square
Aberdeen
AB11 6DJ





REGISTERED NUMBER: SC202196 (Scotland)






OPTIMA FINANCIAL SERVICES LTD (REGISTERED NUMBER: SC202196)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,019 3,099

CURRENT ASSETS
Debtors 5 315,937 307,138
Cash at bank and in hand 100,532 94,358
416,469 401,496
CREDITORS
Amounts falling due within one year 6 258,659 225,579
NET CURRENT ASSETS 157,810 175,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,829

179,016

PROVISIONS FOR LIABILITIES 456 312
NET ASSETS 160,373 178,704

CAPITAL AND RESERVES
Called up share capital 22,718 22,718
Share premium 21,976 21,976
Retained earnings 115,679 134,010
160,373 178,704

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

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

The directors acknowledge their 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.

OPTIMA FINANCIAL SERVICES LTD (REGISTERED NUMBER: SC202196)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





D N M Craik - Director


OPTIMA FINANCIAL SERVICES LTD (REGISTERED NUMBER: SC202196)

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


1. STATUTORY INFORMATION

Optima Financial Services Ltd is a private company, limited by shares , registered in Scotland. 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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 9 (2023 - 9 ) .

OPTIMA FINANCIAL SERVICES LTD (REGISTERED NUMBER: SC202196)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 84,076 16,996 101,072
Additions 900 - 900
At 30 June 2024 84,976 16,996 101,972
DEPRECIATION
At 1 July 2023 81,291 16,682 97,973
Charge for year 902 78 980
At 30 June 2024 82,193 16,760 98,953
NET BOOK VALUE
At 30 June 2024 2,783 236 3,019
At 30 June 2023 2,785 314 3,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,000 37,300
Other debtors 297,937 269,838
315,937 307,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,067 18,846
Amounts owed to group undertakings 100,000 80,000
Taxation and social security 90,273 63,682
Other creditors 53,319 63,051
258,659 225,579

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.