OPTIMUM BIKES LTD

Company Registration Number:
08530411 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

OPTIMUM BIKES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

OPTIMUM BIKES LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 122,041 85,038
Total fixed assets: 122,041 85,038
Current assets
Stocks: 1,450,397 1,297,295
Debtors:   48,983 149,833
Cash at bank and in hand: 90,275 70,179
Total current assets: 1,589,655 1,517,307
Creditors: amounts falling due within one year:   (781,022) (729,606)
Net current assets (liabilities): 808,633 787,701
Total assets less current liabilities: 930,674 872,739
Creditors: amounts falling due after more than one year:   (260,668) (373,978)
Total net assets (liabilities): 670,006 498,761
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 670,004 498,759
Shareholders funds: 670,006 498,761

The notes form part of these financial statements

OPTIMUM BIKES LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 May 2025
and signed on behalf of the board by:

Name: I Wright
Status: Director

The notes form part of these financial statements

OPTIMUM BIKES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation id provided at 20% on a reducing balance basis in order to write off each asset over its estimated useful life.

OPTIMUM BIKES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 10 10

OPTIMUM BIKES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 145,737
Additions 103,219
Disposals (55,956)
At 31 May 2024 193,000
Depreciation
At 01 June 2023 60,699
Charge for year 30,510
On disposals (20,250)
At 31 May 2024 70,959
Net book value
At 31 May 2024 122,041
At 31 May 2023 85,038