Registered number
07031958
Optimal 5 Star Limited
Filleted Accounts
31 March 2025
Optimal 5 Star Limited
Registered number: 07031958
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 10,221 14,760
Current assets
Cash at bank and in hand 15,256 7,845
Creditors: amounts falling due within one year 4 (137,919) (109,555)
Net current liabilities (122,663) (101,710)
Net liabilities (112,442) (86,950)
Capital and reserves
Called up share capital 3 3
Profit and loss account (112,445) (86,953)
Shareholders' funds (112,442) (86,950)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Barry Henshaw
Director
Approved by the board on 7 June 2025
Optimal 5 Star Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024 22,697
At 31 March 2025 22,697
Depreciation
At 1 April 2024 7,937
Charge for the year 4,539
At 31 March 2025 12,476
Net book value
At 31 March 2025 10,221
At 31 March 2024 14,760
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 13,077 20,717
Amounts owed to group undertakings and undertakings in which the company has a participating interest 608 608
Directors current account 114,328 84,064
Other taxes and social security costs 9,906 4,166
137,919 109,555
5 Other information
Optimal 5 Star Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Walsham Gardens
St Helens
WA9 5UT
Optimal 5 Star Limited 07031958 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 Mr Barry Henshaw No description of principal activity 07031958 2023-04-01 2024-03-31 07031958 core:WithinOneYear 2024-03-31 07031958 core:ShareCapital 2024-03-31 07031958 core:RetainedEarningsAccumulatedLosses 2024-03-31 07031958 2024-04-01 2025-03-31 07031958 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07031958 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07031958 bus:Director40 2024-04-01 2025-03-31 07031958 1 2024-04-01 2025-03-31 07031958 2 2024-04-01 2025-03-31 07031958 core:Vehicles 2024-04-01 2025-03-31 07031958 countries:England 2024-04-01 2025-03-31 07031958 bus:FRS102 2024-04-01 2025-03-31 07031958 bus:FilletedAccounts 2024-04-01 2025-03-31 07031958 2025-03-31 07031958 core:WithinOneYear 2025-03-31 07031958 core:ShareCapital 2025-03-31 07031958 core:RetainedEarningsAccumulatedLosses 2025-03-31 07031958 core:Vehicles 2025-03-31 07031958 2024-03-31 07031958 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure