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Company Registration No. 07346027 (England and Wales)
OPTIMUM TRADE SUPPLIES LIMITED Unaudited accounts for the year ended 31 August 2024
OPTIMUM TRADE SUPPLIES LIMITED Unaudited accounts Contents
Page
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OPTIMUM TRADE SUPPLIES LIMITED Company Information for the year ended 31 August 2024
Director
L Lucas
Secretary
L Lucas
Company Number
07346027 (England and Wales)
Registered Office
3 CONINGTON ROAD FENSTANTON HUNTINGDON CAMBRIDGESHIRE PE28 9LB
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OPTIMUM TRADE SUPPLIES LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,647 
82,789 
Current assets
Inventories
5,500 
6,000 
Debtors
63,539 
82,492 
Cash at bank and in hand
257,037 
206,225 
326,076 
294,717 
Creditors: amounts falling due within one year
(117,517)
(121,021)
Net current assets
208,559 
173,696 
Total assets less current liabilities
275,206 
256,485 
Creditors: amounts falling due after more than one year
(42,006)
(47,521)
Provisions for liabilities
Deferred tax
(16,662)
(15,730)
Net assets
216,538 
193,234 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
216,438 
193,134 
Shareholders' funds
216,538 
193,234 
For the year ending 31 August 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 22 May 2025 and were signed on its behalf by
L Lucas Director Company Registration No. 07346027
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OPTIMUM TRADE SUPPLIES LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
OPTIMUM TRADE SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07346027. The registered office is 3 CONINGTON ROAD, FENSTANTON, HUNTINGDON, CAMBRIDGESHIRE, PE28 9LB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
120,880 
2,797 
9,562 
133,239 
Additions
3,100 
- 
- 
3,100 
At 31 August 2024
123,980 
2,797 
9,562 
136,339 
Depreciation
At 1 September 2023
38,494 
2,795 
9,161 
50,450 
Charge for the year
19,016 
226 
- 
19,242 
At 31 August 2024
57,510 
3,021 
9,161 
69,692 
Net book value
At 31 August 2024
66,470 
(224)
401 
66,647 
At 31 August 2023
82,386 
2 
401 
82,789 
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OPTIMUM TRADE SUPPLIES LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
63,539 
82,492 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,816 
6,816 
Obligations under finance leases and hire purchase contracts
15,578 
27,397 
Trade creditors
48,563 
57,045 
Taxes and social security
42,697 
26,960 
Loans from directors
(33)
(326)
Accruals
3,896 
3,129 
117,517 
121,021 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,741 
32,256 
Obligations under finance leases and hire purchase contracts
15,265 
15,265 
42,006 
47,521 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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