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Optimum Commercial Solutions Limited
Registered Number:09518480
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Optimum Commercial Solutions Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
09518480
As at 31 December 2024
Optimum Commercial Solutions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
51,900
105,411
2
51,900
105,411
Current assets
Inventories
9,617
-
3
Trade and other receivables
18,425
148,944
4
95,586
Cash and cash equivalents
133,863
282,807
123,628
Trade and other payables: amounts falling due within one
year
(74,070)
(189,847)
5
49,558
92,960
Net current assets
Total assets less current liabilities
144,860
154,969
Trade and other payables: amounts falling due after more
than one year
(96,515)
(51,858)
6
-
(2,208)
Provisions for liabilities
93,002
Net assets
56,246
Capital and reserves
Called up share capital
100
104
Share premium account
-
6,996
Retained earnings
92,902
49,146
93,002
56,246
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09518480
For the year ended 31 December 2024
Optimum Commercial Solutions Limited
Statement of Financial Position Continued
Mr A J Stone Director
These financial statements were approved and authorised for issue by the Board on 17 March 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2024
Optimum Commercial Solutions Limited
Notes to the Financial Statements
Statutory Information
Optimum Commercial Solutions Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 09518480.
Registered address:
Unit P2 Sheffield Airport Business Park
Europa Link
Sheffield
S9 1XU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover reflects the fair value of goods and services supplied to each customer based on the extent to which the company has fulfilled its obligations under the sales contract. Turnover excludes VAT.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Straight line
25% Straight line
Computer equipment
12.5% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Work in progress is recognised to the extent that no right to consideration exists for work at the balance sheet date. It is valued at the lower of cost and net realiseable value.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 December 2024
Optimum Commercial Solutions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 January 2024
134,908
6,488
6,092
105,528
16,800
48,916
399
1,517
47,000
-
Additions
-
-
(97,487)
-
Disposals
(97,487)
At 31 December 2024
55,041
7,609
6,887
86,337
16,800
Provision for depreciation and impairment
At 01 January 2024
29,497
4,877
5,189
13,191
6,240
Charge for year
17,126
1,070
616
13,760
1,680
(12,186)
-
-
(12,186)
-
On disposal
At 31 December 2024
34,437
5,947
5,805
14,765
7,920
At 31 December 2024
Net book value
8,880
40,276
1,804
940
51,900
At 31 December 2023
10,560
92,337
903
1,611
105,411
3. Inventories
2023
2024
£
£
Stocks
-
9,617
4. Trade and other receivables
2023
2024
£
£
Trade debtors
10,966
5,597
Other debtors
137,978
12,828
18,425
148,944
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,891
Trade creditors
92,817
20,710
Taxation and social security
38,313
25,383
Other creditors
48,717
17,086
189,847
74,070
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7
For the year ended 31 December 2024
Optimum Commercial Solutions Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,000
20,000
Other creditors
41,858
76,515
51,858
96,515
7. Average number of persons employed
During the year the average number of employees was 11 (2023 : 10)
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