Company registration number 07835564 (England and Wales)
OPTIMA UK INC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
OPTIMA UK INC LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
OPTIMA UK INC LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
34,191
50,584
Current assets
Debtors
4
950,621
734,313
Cash at bank and in hand
18,714
46,135
969,335
780,448
Creditors: amounts falling due within one year
5
(1,201,611)
(898,589)
Net current liabilities
(232,276)
(118,141)
Total assets less current liabilities
(198,085)
(67,557)
Creditors: amounts falling due after more than one year
6
(81,861)
(219,110)
Provisions for liabilities
-
0
(9,611)
Net liabilities
(279,946)
(296,278)
Capital and reserves
Called up share capital
1,200
1,200
Share premium account
149,850
149,850
Profit and loss reserves
(430,996)
(447,328)
Total equity
(279,946)
(296,278)
OPTIMA UK INC LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 April 2025 and are signed on its behalf by:
Mrs L A Boorman
Director
Company registration number 07835564 (England and Wales)
OPTIMA UK INC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Optima UK Inc Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cabourn House, Station Street, Bingham, Nottinghamshire, United Kingdom, NG13 8AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Although there are net liabilities at the balance sheet date, the directors believe the company will have sufficient funds totrue meet its ongoing obligations when they become due and therefore the accounts have been prepared on a going concern basis.

1.3
Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% on cost, 20% on cost, equally over the period of the lease
Computers
33% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

OPTIMA UK INC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Permanent employees
37
33
Temporary employees
86
59
Total
123
92
OPTIMA UK INC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
216,768
Additions
8,766
Disposals
(1,993)
At 31 March 2025
223,541
Depreciation and impairment
At 1 April 2024
166,184
Depreciation charged in the year
25,159
Eliminated in respect of disposals
(1,993)
At 31 March 2025
189,350
Carrying amount
At 31 March 2025
34,191
At 31 March 2024
50,584
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
891,597
671,379
Corporation tax recoverable
-
0
2,405
Other debtors
59,024
60,529
950,621
734,313
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
489,516
475,384
Trade creditors
180,894
266,971
Taxation and social security
410,737
8,789
Other creditors
120,464
147,445
1,201,611
898,589
OPTIMA UK INC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
81,861
219,110

Bank loans of £ 149,656 (2024: £184,750) are secured by way of personal guarantees given by the directors. In 2025 bank funding of £357,767 (2024: £339,171) had been secured against corresponding trade debtors.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases relating to land and buildings, as follows:

2025
2024
£
£
730,356
821,652
8
Directors' transactions

Dividends totalling £0 (2024 - £0) were paid in the year in respect of shares held by the company's directors.

Interest free loans have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan
-
-
10,766
(10,766)
-
-
10,766
(10,766)
-

This loan was unsecured and repayable on demand.

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