Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13452755 Mr M Boam Mr M Boam true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13452755 2023-06-30 13452755 2024-06-30 13452755 2023-07-01 2024-06-30 13452755 frs-core:CurrentFinancialInstruments 2024-06-30 13452755 frs-core:ComputerEquipment 2024-06-30 13452755 frs-core:ComputerEquipment 2023-07-01 2024-06-30 13452755 frs-core:ComputerEquipment 2023-06-30 13452755 frs-core:MotorVehicles 2024-06-30 13452755 frs-core:MotorVehicles 2023-07-01 2024-06-30 13452755 frs-core:MotorVehicles 2023-06-30 13452755 frs-core:PlantMachinery 2024-06-30 13452755 frs-core:PlantMachinery 2023-07-01 2024-06-30 13452755 frs-core:PlantMachinery 2023-06-30 13452755 frs-core:ShareCapital 2024-06-30 13452755 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13452755 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13452755 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13452755 frs-bus:SmallEntities 2023-07-01 2024-06-30 13452755 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13452755 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13452755 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 13452755 frs-bus:OrdinaryShareClass1 2024-06-30 13452755 1 2023-07-01 2024-06-30 13452755 frs-bus:Director1 2023-07-01 2024-06-30 13452755 frs-countries:EnglandWales 2023-07-01 2024-06-30 13452755 2022-06-30 13452755 2023-06-30 13452755 2022-07-01 2023-06-30 13452755 frs-core:CurrentFinancialInstruments 2023-06-30 13452755 frs-core:ShareCapital 2023-06-30 13452755 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 13452755 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 13452755
Optimum Plumbing And Heating Services Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13452755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,940 59,611
50,940 59,611
CURRENT ASSETS
Debtors 5 28,993 10,262
Cash at bank and in hand 4,189 3,412
33,182 13,674
Creditors: Amounts Falling Due Within One Year 6 (82,011 ) (71,014 )
NET CURRENT ASSETS (LIABILITIES) (48,829 ) (57,340 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,111 2,271
PROVISIONS FOR LIABILITIES
Deferred Taxation (622 ) (2,270 )
NET ASSETS 1,489 1
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,488 -
SHAREHOLDERS' FUNDS 1,489 1
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Boam
Director
26 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Optimum Plumbing And Heating Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13452755 . The registered office is 15 Pinetrees, Brereton, Rugeley, Staffordshire, WS15 1EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 15% on cost
Computer Equipment 33% on cost
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 12,126 57,000 3,487 72,613
Additions - - 1,038 1,038
As at 30 June 2024 12,126 57,000 4,525 73,651
Depreciation
As at 1 July 2023 750 11,400 852 13,002
Provided during the period 375 8,550 784 9,709
As at 30 June 2024 1,125 19,950 1,636 22,711
Net Book Value
As at 30 June 2024 11,001 37,050 2,889 50,940
As at 1 July 2023 11,376 45,600 2,635 59,611
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 168 9,442
Prepayments and accrued income 28,825 820
28,993 10,262
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,824 18,144
Corporation tax 4,676 7,905
Other taxes and social security 747 716
VAT 529 1,861
Accruals and deferred income 900 738
Director's loan account 63,335 41,650
82,011 71,014
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr M Boam by virtue of his ownership of 100% of the issued share capital in the company.
9. Working capital deficit
Current liabilities exceed current assets, however, the company is able to meet its liabilities as they fall due.
Page 5