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REGISTERED NUMBER: 03495080 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

OPTIMUM TECHNOLOGY TRANSFER LIMITED

OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Contents of the Financial Statements
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 7

OPTIMUM TECHNOLOGY TRANSFER LIMITED

Company Information
for the year ended 31 January 2025







Directors: N J Cortes
J M Harrison





Registered office: The Leather Market
11-13 Weston Street
London
SE1 3ER





Registered number: 03495080 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69 - 73 Theobalds Road
London
WC1X 8TA

OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Balance Sheet
31 January 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 16,925 18,565

Current assets
Debtors 5 923,740 1,046,142
Cash at bank and in hand 953,542 368,799
1,877,282 1,414,941
Creditors
Amounts falling due within one year 6 498,359 286,346
Net current assets 1,378,923 1,128,595
Total assets less current liabilities 1,395,848 1,147,160

Capital and reserves
Called up share capital 8 6,000 6,000
Capital redemption reserve 3,000 3,000
Retained earnings 1,386,848 1,138,160
Shareholders' funds 1,395,848 1,147,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




N J Cortes - Director


OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Notes to the Financial Statements
for the year ended 31 January 2025


1. Statutory information

Optimum Technology Transfer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Cost less residual value over 4 years

OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 31 (2024 - 27 ) .

OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 February 2024 2,308 47,895 50,203
Additions - 8,917 8,917
Disposals (2,308 ) (14,667 ) (16,975 )
At 31 January 2025 - 42,145 42,145
Depreciation
At 1 February 2024 1,887 29,751 31,638
Charge for year - 7,246 7,246
Eliminated on disposal (1,887 ) (11,777 ) (13,664 )
At 31 January 2025 - 25,220 25,220
Net book value
At 31 January 2025 - 16,925 16,925
At 31 January 2024 421 18,144 18,565

5. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 404,996 476,849
Other debtors 518,744 569,293
923,740 1,046,142

6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 34,460 28,441
Taxation and social security 340,327 253,405
Other creditors 123,572 4,500
498,359 286,346

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 18,712 31,314
Between one and five years - 18,712
18,712 50,026

OPTIMUM TECHNOLOGY TRANSFER LIMITED (REGISTERED NUMBER: 03495080)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
6,000 Ordinary £1 6,000 6,000

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

20252024
££

Balances outstanding at the start of the year364,968364,968
Amounts advanced1,017-
Amounts repaid(624)-
Amounts written off--
Amounts waived--
Balances oustanding at the end of the year365,361364,968

The loans are interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Optimum Technology Transfer Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Optimum Technology Transfer Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Optimum Technology Transfer Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optimum Technology Transfer Limited and state those matters that we have agreed to state to the Board of Directors of Optimum Technology Transfer Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Optimum Technology Transfer Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optimum Technology Transfer Limited. You consider that Optimum Technology Transfer Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Optimum Technology Transfer Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
New Derwent House
69 - 73 Theobalds Road
London
WC1X 8TA


18 June 2025