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Company Registration No. 13626272 (England and Wales)
OPTIMA SERVICES (LONDON) LTD
Financial Statements
for the Period from 01 October 2022 to 30 September 2023

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

Notes to the Accounts

1. Statutory Information
OPTIMA SERVICES (LONDON) LTD is a private company, limited by shares, registered in England and Wales, registration number 13626272.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
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 sale of goods and from the rendering of services. 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.

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

Notes to the Accounts

Current Tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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 Asset Policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor vehicles over 3 years Plant and machinery 15% reducing balance Fixtures, fittings, tools and equipment over 3 years

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

Notes to the Accounts

Deferred Tax
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 31
2022 30
4. Principal Activity
Other activities of employment placement agencies

OPTIMA SERVICES (LONDON) LTD

Financial Statements for the period ending 30 September 2023

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £
At 01/10/2022 2,147 1,777 3,924
Additions 1,036 400 1,436
At 30/09/2023 3,183 2,177 5,360
Depreciation
At 01/10/2022 429 586 1,015
Charge for the year 550 318 868
At 30/09/2023 979 904 1,883
Net Book Value
At 30/09/2023 2,204 1,273 3,477
At 30/09/2022 1,718 1,191 2,909