Company Registration No. 10171334 (England and Wales)
OPTIMUM CARS LIMITED
Unaudited accounts
for the year ended 31 May 2024
OPTIMUM CARS LIMITED
Unaudited accounts
Contents
OPTIMUM CARS LIMITED
Company Information
for the year ended 31 May 2024
Company Number
10171334 (England and Wales)
Registered Office
388-390 ROMFORD ROAD
LONDON
E7 8BS
ENGLAND
OPTIMUM CARS LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
2,871
3,277
Cash at bank and in hand
1,070
(1,085)
Creditors: amounts falling due within one year
(5,852)
(10,042)
Net current liabilities
(4,782)
(11,127)
Total assets less current liabilities
(1,911)
(7,850)
Creditors: amounts falling due after more than one year
(3,248)
(5,166)
Net liabilities
(5,159)
(13,016)
Called up share capital
1
1
Profit and loss account
(5,160)
(13,017)
Shareholders' funds
(5,159)
(13,016)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
MD ABDUR RAZZAK
Director
Company Registration No. 10171334
OPTIMUM CARS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
OPTIMUM CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10171334. The registered office is 388-390 ROMFORD ROAD, LONDON, E7 8BS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
9,100
-
9,100
At 31 May 2024
9,100
313
9,413
At 1 June 2023
5,823
-
5,823
Charge for the year
656
63
719
At 31 May 2024
6,479
63
6,542
At 31 May 2024
2,621
250
2,871
At 31 May 2023
3,277
-
3,277
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,011
3,168
Loans from directors
361
2,133
OPTIMUM CARS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).