| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 September 2024 |
| for |
| Optimum Agency Ltd |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 29 September 2024 |
| DEPRECIATION |
| At 30 September 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 29 September 2024 |
| NET BOOK VALUE |
| At 29 September 2024 |
| At 29 September 2023 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 29 September 2024 |
| DEPRECIATION |
| At 30 September 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 29 September 2024 |
| NET BOOK VALUE |
| At 29 September 2024 |
| At 29 September 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 30 September 2023 |
| Disposals | ( |
) |
| At 29 September 2024 |
| NET BOOK VALUE |
| At 29 September 2024 |
| At 29 September 2023 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 181,130 | 164,695 |