Company registration number 15268750 (England and Wales)
OPTIMISED ENERGY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
OPTIMISED ENERGY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OPTIMISED ENERGY LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
95,711
Cash at bank and in hand
19,176
114,887
Creditors: amounts falling due within one year
4
(111,907)
Net current assets
2,980
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
2,880
Total equity
2,980

For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 July 2025 and are signed on its behalf by:
Mr D Hesketh
Director
Company registration number 15268750 (England and Wales)
OPTIMISED ENERGY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

Optimised Energy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

OPTIMISED ENERGY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
77,109
Other debtors
18,602
95,711
4
Creditors: amounts falling due within one year
2024
£
Trade creditors
32,844
Corporation tax
1,947
Other creditors
77,116
111,907

The company utilises an invoice discounting facility which is secured by way of a fixed and floating charge over the assets of the company. At the balance sheet date, the company owed an amount of £53,596.

5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
2024-11-302023-11-08falsefalsefalse31 July 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr D HeskethMiss G Butterworth152687502023-11-082024-11-30152687502024-11-3015268750core:CurrentFinancialInstrumentscore:WithinOneYear2024-11-3015268750core:ShareCapital2024-11-3015268750core:RetainedEarningsAccumulatedLosses2024-11-3015268750core:ShareCapitalOrdinaryShareClass12024-11-3015268750bus:Director12023-11-082024-11-3015268750core:CurrentFinancialInstruments2024-11-3015268750core:WithinOneYear2024-11-3015268750bus:OrdinaryShareClass12023-11-082024-11-3015268750bus:OrdinaryShareClass12024-11-3015268750bus:PrivateLimitedCompanyLtd2023-11-082024-11-3015268750bus:SmallCompaniesRegimeForAccounts2023-11-082024-11-3015268750bus:FRS1022023-11-082024-11-3015268750bus:AuditExemptWithAccountantsReport2023-11-082024-11-3015268750bus:Director22023-11-082024-11-3015268750bus:FullAccounts2023-11-082024-11-30xbrli:purexbrli:sharesiso4217:GBP