IRIS Accounts Production v25.1.3.33 07366864 director 30.9.23 29.9.24 29.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073668642023-09-29073668642024-09-29073668642023-09-302024-09-29073668642022-09-29073668642022-09-302023-09-29073668642023-09-2907366864ns15:EnglandWales2023-09-302024-09-2907366864ns14:PoundSterling2023-09-302024-09-2907366864ns10:Director12023-09-302024-09-2907366864ns10:PrivateLimitedCompanyLtd2023-09-302024-09-2907366864ns10:SmallEntities2023-09-302024-09-2907366864ns10:AuditExempt-NoAccountantsReport2023-09-302024-09-2907366864ns10:SmallCompaniesRegimeForDirectorsReport2023-09-302024-09-2907366864ns10:SmallCompaniesRegimeForAccounts2023-09-302024-09-2907366864ns10:FullAccounts2023-09-302024-09-2907366864ns10:RegisteredOffice2023-09-302024-09-2907366864ns5:CurrentFinancialInstruments2024-09-2907366864ns5:CurrentFinancialInstruments2023-09-2907366864ns5:Non-currentFinancialInstruments2024-09-2907366864ns5:Non-currentFinancialInstruments2023-09-2907366864ns5:ShareCapital2024-09-2907366864ns5:ShareCapital2023-09-2907366864ns5:RetainedEarningsAccumulatedLosses2024-09-2907366864ns5:RetainedEarningsAccumulatedLosses2023-09-2907366864ns5:PlantMachinery2023-09-302024-09-2907366864ns5:PlantMachinery2023-09-2907366864ns5:PlantMachinery2024-09-2907366864ns5:PlantMachinery2023-09-2907366864ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-2907366864ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-302024-09-2907366864ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-2907366864ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-2907366864ns5:CostValuation2023-09-2907366864ns5:DisposalsRepaymentsInvestments2024-09-2907366864ns5:CostValuation2024-09-2907366864ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2907366864ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-2907366864ns5:Secured2024-09-2907366864ns5:Secured2023-09-29
REGISTERED NUMBER: 07366864 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Optimum Agency Ltd

Optimum Agency Ltd (Registered number: 07366864)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Optimum Agency Ltd

Company Information
for the Year Ended 29 September 2024







DIRECTOR: Mr C R Nicolau





REGISTERED OFFICE: 1 Forstal Road
Aylesford
Kent
ME20 7AU





REGISTERED NUMBER: 07366864 (England and Wales)





ACCOUNTANTS: McLean Reid
Chartered Accountants
1 Forstal Road
Aylesford
Kent
ME20 7AU

Optimum Agency Ltd (Registered number: 07366864)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 220,978 243,189
Investments 5 - 537,285
220,978 780,474

CURRENT ASSETS
Debtors 6 1,228,710 599,199
Cash at bank 94 70
1,228,804 599,269
CREDITORS
Amounts falling due within one year 7 1,279,031 786,811
NET CURRENT LIABILITIES (50,227 ) (187,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,751

592,932

CREDITORS
Amounts falling due after more than one year 8 (90,234 ) (171,160 )

PROVISIONS FOR LIABILITIES (35,164 ) (45,817 )
NET ASSETS 45,353 375,955

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 45,347 375,949
SHAREHOLDERS' FUNDS 45,353 375,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





Mr C R Nicolau - Director


Optimum Agency Ltd (Registered number: 07366864)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Optimum Agency Ltd 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.

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.

The director considers that there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 35 ) .

Optimum Agency Ltd (Registered number: 07366864)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 September 2023 434,085
Additions 123,039
Disposals (149,678 )
At 29 September 2024 407,446
DEPRECIATION
At 30 September 2023 190,896
Charge for year 75,922
Eliminated on disposal (80,350 )
At 29 September 2024 186,468
NET BOOK VALUE
At 29 September 2024 220,978
At 29 September 2023 243,189

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 30 September 2023 105,385
Additions 120,476
Disposals (68,385 )
At 29 September 2024 157,476
DEPRECIATION
At 30 September 2023 66,454
Charge for year 31,495
Eliminated on disposal (36,854 )
At 29 September 2024 61,095
NET BOOK VALUE
At 29 September 2024 96,381
At 29 September 2023 38,931

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 September 2023 537,285
Disposals (537,285 )
At 29 September 2024 -
NET BOOK VALUE
At 29 September 2024 -
At 29 September 2023 537,285

Optimum Agency Ltd (Registered number: 07366864)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,206,166 576,357
Other debtors 22,544 22,842
1,228,710 599,199

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,120 81,396
Hire purchase contracts 116,472 109,108
Trade creditors 886,968 217,599
Amounts owed to group undertakings - 123,737
Taxation and social security 200,847 218,887
Other creditors 4,624 36,084
1,279,031 786,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,576 115,573
Hire purchase contracts 64,658 55,587
90,234 171,160

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 22,335 28,931
Bank loans 73,361 168,038
Hire purchase contracts 181,130 164,695
276,826 361,664