Registered number
14228816
(England and Wales)
Optima C Services Ltd
Filleted Accounts
31 July 2024
Optima C Services Ltd
Registered number: 14228816
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,424,646 216,380
Current assets
Debtors 4 489,651 513,568
Cash at bank and in hand - 454,131
489,651 967,699
Creditors: amounts falling due within one year 5 (2,004,467) (1,184,827)
Net current liabilities (1,514,816) (217,128)
Net liabilities (90,170) (748)
Capital and reserves
Profit and loss account (90,170) (748)
Shareholder's funds (90,170) (748)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 T George
Director
Approved by the board on 26 June 2025
Optima C Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
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).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 August 2023 216,380
Additions 1,208,266
At 31 July 2024 1,424,646
Investments consist of residential properties. The director considers the properties to be held at their current market value.
4 Debtors 2024 2023
£ £
Other debtors 489,651 513,568
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10 -
Trade creditors 1,369,246 1,095,733
Other creditors 635,211 89,094
2,004,467 1,184,827
6 Other information
Optima C Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Springfield Crescent
Stoke-on-Trent
Staffordshire
ST3 2QW
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