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REGISTERED NUMBER: 07426736 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Optimum Engineered Solutions Ltd

Optimum Engineered Solutions Ltd (Registered number: 07426736)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Optimum Engineered Solutions Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr N A Garbett
Mr S Singh Batt





REGISTERED OFFICE: Unit 6 Castle Court
Castlegate Way
Dudley
DY1 4RD





REGISTERED NUMBER: 07426736 (England and Wales)

Optimum Engineered Solutions Ltd (Registered number: 07426736)

Abridged Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,511 62,555

CURRENT ASSETS
Debtors 418,351 498,901
Cash at bank 35,609 72,506
453,960 571,407
CREDITORS
Amounts falling due within one year 439,803 571,823
NET CURRENT ASSETS/(LIABILITIES) 14,157 (416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,668

62,139

PROVISIONS FOR LIABILITIES 6 12,128 11,886
NET ASSETS 50,540 50,253

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 50,440 50,153
SHAREHOLDERS' FUNDS 50,540 50,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Optimum Engineered Solutions Ltd (Registered number: 07426736)

Abridged Balance Sheet - continued
30 November 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





Mr N A Garbett - Director


Optimum Engineered Solutions Ltd (Registered number: 07426736)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Optimum Engineered Solutions 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Government grants
Grant income is recognised in the profit and loss account when the related performance-related conditions are met, and the right to the grant is enforceable.

Grants related to assets are initially recognised as deferred income on the balance sheet. The deferred income is released to the profit and loss account over the useful life of the related asset, in line with the depreciation charge on the asset.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Optimum Engineered Solutions Ltd (Registered number: 07426736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 109,231
Additions 10,053
Disposals (46,950 )
At 30 November 2024 72,334
DEPRECIATION
At 1 December 2023 46,676
Charge for year 10,891
Eliminated on disposal (33,744 )
At 30 November 2024 23,823
NET BOOK VALUE
At 30 November 2024 48,511
At 30 November 2023 62,555

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 26,302 32,482
Between one and five years 22,981 49,283
49,283 81,765

6. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 12,128 11,886

Deferred
tax
£   
Balance at 1 December 2023 11,886
Charge to Income Statement during year 242
Balance at 30 November 2024 12,128

Optimum Engineered Solutions Ltd (Registered number: 07426736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100