Registration number: 04122753

Optima Foundations Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Optima Foundations Limited

(Registration number: 04122753)

Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	193,909	219,664
Current assets
Stocks		10,000	10,000
Debtors	4	307,201	420,610
Cash at bank and in hand		735,583	793,587
		1,052,784	1,224,197
Creditors: Amounts falling due within one year	5	(346,344)	(184,292)
Net current assets		706,440	1,039,905
Total assets less current liabilities		900,349	1,259,569
Provisions for liabilities		(45,698)	(51,271)
Net assets		854,651	1,208,298
Capital and reserves
Called up share capital		66	100
Capital redemption reserve		34	-
Retained earnings		854,551	1,208,198
Shareholders' funds		854,651	1,208,298

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Optima Foundations Limited

(Registration number: 04122753)

Balance Sheet as at 28 February 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 8 September 2025 and signed on its behalf by:
 

.........................................

N Fairclough

Director

Optima Foundations Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	Accounting policies

Statutory information

Optima Foundations Limited is a private company, limited by shares, domiciled in England and Wales, company number 04122753. The registered office is at Unit 30 Broomhouse Lane, Industrial Estate, Edlington, Doncaster, DN12 1EQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Government grants

Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Tangible Assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Optima Foundations Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Tax

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are reecognised when 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.

Stocks

Stock is valued at the lower of cost and net realisable value.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risk and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between the finance costs in the income and retained earnings and reduction of the lease obligation so as to achieve a contsant periodic rate of interest on the remaining balance of the liability.

Optima Foundations Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 23).

3	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost
At 1 March 2024	20,965	644,425	296,318	961,708
Additions	1,500	-	32,100	33,600
Disposals	-	-	(35,195)	(35,195)
At 28 February 2025	22,465	644,425	293,223	960,113
Depreciation
At 1 March 2024	14,884	568,639	158,521	742,044
Charge for the year	1,614	18,947	36,205	56,766
Eliminated on disposal	-	-	(32,606)	(32,606)
At 28 February 2025	16,498	587,586	162,120	766,204
Carrying amount
At 28 February 2025	5,967	56,839	131,103	193,909
At 29 February 2024	6,081	75,786	137,797	219,664

Optima Foundations Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Debtors

	2025 £	2024 £
Trade debtors	236,200	361,910
Prepayments	15,957	8,774
Other debtors	55,044	49,926
	307,201	420,610

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	126,922	97,976
Taxation and social security	206,749	67,990
Accruals and deferred income	7,000	9,714
Other creditors	5,673	8,612
	346,344	184,292