2023-07-012024-06-302024-06-30false09072636Optimum Technical Solutions Limited2024-10-2733120falseiso4217:GBPxbrli:pure090726362023-07-01090726362024-06-30090726362023-07-012024-06-30090726362022-07-01090726362023-06-30090726362022-07-012023-06-3009072636bus:SmallEntities2023-07-012024-06-3009072636bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3009072636bus:AbridgedAccounts2023-07-012024-06-3009072636bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009072636core:WithinOneYear2024-06-3009072636core:AfterOneYear2024-06-3009072636core:WithinOneYear2023-06-3009072636core:AfterOneYear2023-06-3009072636core:ShareCapital2024-06-3009072636core:SharePremium2024-06-3009072636core:RevaluationReserve2024-06-3009072636core:OtherReservesSubtotal2024-06-3009072636core:RetainedEarningsAccumulatedLosses2024-06-3009072636core:ShareCapital2023-06-3009072636core:SharePremium2023-06-3009072636core:RevaluationReserve2023-06-3009072636core:OtherReservesSubtotal2023-06-3009072636core:RetainedEarningsAccumulatedLosses2023-06-3009072636core:LandBuildings2024-06-3009072636core:PlantMachinery2024-06-3009072636core:Vehicles2024-06-3009072636core:FurnitureFittings2024-06-3009072636core:OfficeEquipment2024-06-3009072636core:NetGoodwill2024-06-3009072636core:IntangibleAssetsOtherThanGoodwill2024-06-3009072636core:ListedExchangeTraded2024-06-3009072636core:UnlistedNon-exchangeTraded2024-06-3009072636core:LandBuildings2023-06-3009072636core:PlantMachinery2023-06-3009072636core:Vehicles2023-06-3009072636core:FurnitureFittings2023-06-3009072636core:OfficeEquipment2023-06-3009072636core:NetGoodwill2023-06-3009072636core:IntangibleAssetsOtherThanGoodwill2023-06-3009072636core:ListedExchangeTraded2023-06-3009072636core:UnlistedNon-exchangeTraded2023-06-3009072636core:LandBuildings2023-07-012024-06-3009072636core:PlantMachinery2023-07-012024-06-3009072636core:Vehicles2023-07-012024-06-3009072636core:FurnitureFittings2023-07-012024-06-3009072636core:OfficeEquipment2023-07-012024-06-3009072636core:NetGoodwill2023-07-012024-06-3009072636core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009072636core:ListedExchangeTraded2023-07-012024-06-3009072636core:UnlistedNon-exchangeTraded2023-07-012024-06-3009072636core:MoreThanFiveYears2023-07-012024-06-3009072636core:Non-currentFinancialInstruments2024-06-3009072636core:Non-currentFinancialInstruments2023-06-3009072636dpl:CostSales2023-07-012024-06-3009072636dpl:DistributionCosts2023-07-012024-06-3009072636core:LandBuildings2023-07-012024-06-3009072636core:PlantMachinery2023-07-012024-06-3009072636core:Vehicles2023-07-012024-06-3009072636core:FurnitureFittings2023-07-012024-06-3009072636core:OfficeEquipment2023-07-012024-06-3009072636dpl:AdministrativeExpenses2023-07-012024-06-3009072636core:NetGoodwill2023-07-012024-06-3009072636core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009072636dpl:GroupUndertakings2023-07-012024-06-3009072636dpl:ParticipatingInterests2023-07-012024-06-3009072636dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3009072636core:ListedExchangeTraded2023-07-012024-06-3009072636dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3009072636core:UnlistedNon-exchangeTraded2023-07-012024-06-3009072636dpl:CostSales2022-07-012023-06-3009072636dpl:DistributionCosts2022-07-012023-06-3009072636core:LandBuildings2022-07-012023-06-3009072636core:PlantMachinery2022-07-012023-06-3009072636core:Vehicles2022-07-012023-06-3009072636core:FurnitureFittings2022-07-012023-06-3009072636core:OfficeEquipment2022-07-012023-06-3009072636dpl:AdministrativeExpenses2022-07-012023-06-3009072636core:NetGoodwill2022-07-012023-06-3009072636core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009072636dpl:GroupUndertakings2022-07-012023-06-3009072636dpl:ParticipatingInterests2022-07-012023-06-3009072636dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009072636core:ListedExchangeTraded2022-07-012023-06-3009072636dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009072636core:UnlistedNon-exchangeTraded2022-07-012023-06-3009072636core:NetGoodwill2024-06-3009072636core:IntangibleAssetsOtherThanGoodwill2024-06-3009072636core:LandBuildings2024-06-3009072636core:PlantMachinery2024-06-3009072636core:Vehicles2024-06-3009072636core:FurnitureFittings2024-06-3009072636core:OfficeEquipment2024-06-3009072636core:AfterOneYear2024-06-3009072636core:WithinOneYear2024-06-3009072636core:ListedExchangeTraded2024-06-3009072636core:UnlistedNon-exchangeTraded2024-06-3009072636core:ShareCapital2024-06-3009072636core:SharePremium2024-06-3009072636core:RevaluationReserve2024-06-3009072636core:OtherReservesSubtotal2024-06-3009072636core:RetainedEarningsAccumulatedLosses2024-06-3009072636core:NetGoodwill2023-06-3009072636core:IntangibleAssetsOtherThanGoodwill2023-06-3009072636core:LandBuildings2023-06-3009072636core:PlantMachinery2023-06-3009072636core:Vehicles2023-06-3009072636core:FurnitureFittings2023-06-3009072636core:OfficeEquipment2023-06-3009072636core:AfterOneYear2023-06-3009072636core:WithinOneYear2023-06-3009072636core:ListedExchangeTraded2023-06-3009072636core:UnlistedNon-exchangeTraded2023-06-3009072636core:ShareCapital2023-06-3009072636core:SharePremium2023-06-3009072636core:RevaluationReserve2023-06-3009072636core:OtherReservesSubtotal2023-06-3009072636core:RetainedEarningsAccumulatedLosses2023-06-3009072636core:NetGoodwill2022-07-0109072636core:IntangibleAssetsOtherThanGoodwill2022-07-0109072636core:LandBuildings2022-07-0109072636core:PlantMachinery2022-07-0109072636core:Vehicles2022-07-0109072636core:FurnitureFittings2022-07-0109072636core:OfficeEquipment2022-07-0109072636core:AfterOneYear2022-07-0109072636core:WithinOneYear2022-07-0109072636core:ListedExchangeTraded2022-07-0109072636core:UnlistedNon-exchangeTraded2022-07-0109072636core:ShareCapital2022-07-0109072636core:SharePremium2022-07-0109072636core:RevaluationReserve2022-07-0109072636core:OtherReservesSubtotal2022-07-0109072636core:RetainedEarningsAccumulatedLosses2022-07-0109072636core:AfterOneYear2023-07-012024-06-3009072636core:WithinOneYear2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3009072636core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3009072636core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3009072636core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3009072636core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3009072636core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3009072636bus:Director12023-07-012024-06-30

Optimum Technical Solutions Limited

Registered Number
09072636
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Optimum Technical Solutions Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Peter Bagshaw

Registered Address

Unit 5 Oakdale Mills
Delph
Oldham
OL3 5BY

Registered Number

09072636 (England and Wales)
Optimum Technical Solutions Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets342,9161,957
42,9161,957
Current assets
Stocks45,1625,662
Debtors56,83956,896
Cash at bank and on hand123,247147,020
225,248209,578
Creditors amounts falling due within one year(144,569)(150,956)
Net current assets (liabilities)80,67958,622
Total assets less current liabilities123,59560,579
Creditors amounts falling due after one year(37,339)(16,580)
Provisions for liabilities(10,729)(372)
Net assets75,52743,627
Capital and reserves
Called up share capital11
Profit and loss account75,52643,626
Shareholders' funds75,52743,627
The financial statements were approved and authorised for issue by the Director on 27 October 2024, and are signed on its behalf by:
Peter Bagshaw
Director
Registered Company No. 09072636
Optimum Technical Solutions Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 236,930
Additions47,300
At 30 June 2454,230
Depreciation and impairment
At 01 July 234,973
Charge for year6,341
At 30 June 2411,314
Net book value
At 30 June 2442,916
At 30 June 231,957