OPTIMUM RACING LTD


Director	GOFF, Shaun David


Registered Address	12b High Line House Forge Lane
	Horbury
	Wakefield
	WF4 5EH


Registered Number	09658005 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets			2,872,431		2,887,075
			2,872,431		2,887,075
Current assets
Stocks	3	233,000		136,000
Debtors		728,737		800,028
Cash at bank and on hand		62,804		96,183
		1,024,541		1,032,211
Creditors amounts falling due within one year	4	(1,366,672)		(815,294)
Net current assets (liabilities)			(342,131)		216,917
Total assets less current liabilities			2,530,300		3,103,992
Creditors amounts falling due after one year	5		(635,181)		(990,775)
Net assets			1,895,119		2,113,217
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,895,019		2,113,117
Shareholders' funds			1,895,119		2,113,217

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 September 2025, and are signed on its behalf by:

GOFF, Shaun David
Director
Registered Company No. 09658005

OPTIMUM RACING LTD

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		15

3.	Stocks

	2025	2024
	£	£
Raw materials and consumables	233,000	136,000
Total	233,000	136,000

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,039,891	703,050
Bank borrowings and overdrafts	-	15,925
Taxation and social security	288,555	-
Finance lease and HP contracts	16,623	16,623
Other creditors	21,603	12,420
Accrued liabilities and deferred income	-	67,276
Total	1,366,672	815,294


	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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	612,959	835,220
Other creditors	22,222	155,555
Total	635,181	990,775

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	38,846		172,179