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REGISTERED NUMBER: 09282501 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

OPTIMUM FIRE & INTERIORS LTD

OPTIMUM FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIMUM FIRE & INTERIORS LTD

COMPANY INFORMATION
for the Year Ended 31st October 2024







DIRECTORS: Mrs C A Jones
J C Jones





SECRETARY:





REGISTERED OFFICE: Unit P Skirsgill Business Park
Penrith
Cumrbia
CA11 0FA





REGISTERED NUMBER: 09282501 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

OPTIMUM FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)

BALANCE SHEET
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,858 31,933

CURRENT ASSETS
Stocks - 55,000
Debtors 5 75,828 379,101
Cash at bank 447 2,130
76,275 436,231
CREDITORS
Amounts falling due within one year 6 233,830 281,303
NET CURRENT (LIABILITIES)/ASSETS (157,555 ) 154,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

(131,697

)

186,861

CREDITORS
Amounts falling due after more than one
year

7

(47,612

)

(144,245

)

PROVISIONS FOR LIABILITIES 8 (2,149 ) (3,381 )
NET (LIABILITIES)/ASSETS (181,458 ) 39,235

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings (181,462 ) 39,231
SHAREHOLDERS' FUNDS (181,458 ) 39,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)

BALANCE SHEET - continued
31st October 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 5th March 2025 and were signed on its behalf by:





Mrs C A Jones - Director


OPTIMUM FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Optimum Fire & Interiors 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.

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 - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

OPTIMUM FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 29,418 360 19,583 2,424 51,785
Additions - 1,808 - - 1,808
At 31st October 2024 29,418 2,168 19,583 2,424 53,593
DEPRECIATION
At 1st November 2023 12,699 360 4,896 1,897 19,852
Charge for year 3,344 603 3,672 264 7,883
At 31st October 2024 16,043 963 8,568 2,161 27,735
NET BOOK VALUE
At 31st October 2024 13,375 1,205 11,015 263 25,858
At 31st October 2023 16,719 - 14,687 527 31,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 838 324,012
Other debtors 74,990 55,089
75,828 379,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 189 -
Hire purchase contracts 4,406 4,406
Trade creditors - 12,079
Taxation and social security 222,675 255,687
Other creditors 6,560 9,131
233,830 281,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 39,901 42,128
Hire purchase contracts 7,711 11,750
Other creditors - 90,367
47,612 144,245

OPTIMUM FIRE & INTERIORS LTD (REGISTERED NUMBER: 09282501)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2024

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 2,149 3,381

Deferred
tax
£   
Balance at 1st November 2023 3,381
Credit to Income Statement during year (1,232 )
Balance at 31st October 2024 2,149

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
4 4