IRIS Accounts Production v24.3.2.46 11230068 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112300682023-03-31112300682024-03-31112300682023-04-012024-03-31112300682022-03-31112300682022-04-012023-03-31112300682023-03-3111230068ns15:EnglandWales2023-04-012024-03-3111230068ns14:PoundSterling2023-04-012024-03-3111230068ns10:Director12023-04-012024-03-3111230068ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111230068ns10:SmallEntities2023-04-012024-03-3111230068ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111230068ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111230068ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111230068ns10:FullAccounts2023-04-012024-03-3111230068ns10:OrdinaryShareClass12023-04-012024-03-3111230068ns10:Director22023-04-012024-03-3111230068ns10:RegisteredOffice2023-04-012024-03-3111230068ns5:CurrentFinancialInstruments2024-03-3111230068ns5:CurrentFinancialInstruments2023-03-3111230068ns5:Non-currentFinancialInstruments2024-03-3111230068ns5:Non-currentFinancialInstruments2023-03-3111230068ns5:ShareCapital2024-03-3111230068ns5:ShareCapital2023-03-3111230068ns5:RetainedEarningsAccumulatedLosses2024-03-3111230068ns5:RetainedEarningsAccumulatedLosses2023-03-3111230068ns5:PlantMachinery2023-03-3111230068ns5:MotorVehicles2023-03-3111230068ns5:ComputerEquipment2023-03-3111230068ns5:PlantMachinery2023-04-012024-03-3111230068ns5:MotorVehicles2023-04-012024-03-3111230068ns5:ComputerEquipment2023-04-012024-03-3111230068ns5:PlantMachinery2024-03-3111230068ns5:MotorVehicles2024-03-3111230068ns5:ComputerEquipment2024-03-3111230068ns5:PlantMachinery2023-03-3111230068ns5:MotorVehicles2023-03-3111230068ns5:ComputerEquipment2023-03-3111230068ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111230068ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111230068ns5:WithinOneYear2024-03-3111230068ns5:WithinOneYear2023-03-3111230068ns5:BetweenOneFiveYears2024-03-3111230068ns5:BetweenOneFiveYears2023-03-3111230068ns5:AllPeriods2024-03-3111230068ns5:AllPeriods2023-03-3111230068ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11230068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OPTIMUM DRY ICE BLASTING LTD

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)






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


OPTIMUM DRY ICE BLASTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Reynolds
Mrs A J Reynolds





REGISTERED OFFICE: Unit 10
Rovex Business Park
Hay Hall Road
Birmingham
B11 2AG





REGISTERED NUMBER: 11230068 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,738 40,254

CURRENT ASSETS
Debtors 5 27,320 78,171
Cash at bank 12,520 13,819
39,840 91,990
CREDITORS
Amounts falling due within one year 6 56,041 71,886
NET CURRENT (LIABILITIES)/ASSETS (16,201 ) 20,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,537

60,358

CREDITORS
Amounts falling due after more than one
year

7

108,180

123,859
NET LIABILITIES (77,643 ) (63,501 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (77,645 ) (63,503 )
SHAREHOLDERS' FUNDS (77,643 ) (63,501 )

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 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.

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





I Reynolds - Director


OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

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

1. STATUTORY INFORMATION

Optimum Dry Ice Blasting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 by reference to invoices issued and work completed still to be invoiced, at the fair value of the consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.

Tangible fixed assets
The company capitalises all expenditure on tangible assets where the amount of expenditure exceeds £500.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance.
Motor vehicles - 25% on reducing balance.
Office and computer equipment - 15% 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 for employees through N.E.S.T. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 66,070 - 1,856 67,926
Additions 983 13,850 1,529 16,362
At 31 March 2024 67,053 13,850 3,385 84,288
DEPRECIATION
At 1 April 2023 26,879 - 793 27,672
Charge for year 6,027 3,462 389 9,878
At 31 March 2024 32,906 3,462 1,182 37,550
NET BOOK VALUE
At 31 March 2024 34,147 10,388 2,203 46,738
At 31 March 2023 39,191 - 1,063 40,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,502 76,272
Other debtors 818 1,899
27,320 78,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,663 9,690
Taxation and social security 44,732 60,622
Other creditors 1,646 1,574
56,041 71,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 35,163 34,077
Other creditors 73,017 89,782
108,180 123,859

OPTIMUM DRY ICE BLASTING LTD (REGISTERED NUMBER: 11230068)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,650 5,299
Between one and five years - 2,650
2,650 7,949

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

10. OTHER DISCLOSURES

At the balance sheet date, the company was in dispute with its bank regarding the legality of a Bounce Back Loan which had been amended to a different form of loan. The figures included within the accounts represent the costs and outstanding liability under the terms of the original Bounce Back Loan agreement.