Optimal Profit Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04912021 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Optimal Profit Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W McKee

G D McKee

SECRETARY:

D W McKee

REGISTERED OFFICE:

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

REGISTERED NUMBER:

04912021 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Intangible assets

5

-

Property, plant and equipment

6

5,438

5,300

5,438

5,300

CURRENT ASSETS

Debtors

7

6,953

17,731

Cash at bank

37,863

34,676

44,816

52,407

CREDITORS

Amounts falling due within one year

8

24,990

33,135

NET CURRENT ASSETS

19,826

19,272

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,264

24,572

PROVISIONS FOR LIABILITIES

1,033

1,007

NET ASSETS

24,231

23,565

CAPITAL AND RESERVES

Called up share capital

9

3

Retained earnings

24,228

23,562

SHAREHOLDERS' FUNDS

24,231

23,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

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 16 September 2025 and were signed on its behalf by:

G D McKee - Director

1.	STATUTORY INFORMATION

Optimal Profit Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced fees for services provided and net invoiced sales of goods, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Computer equipment

-

25% on cost

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.

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.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

5,000

AMORTISATION

At 1 January 2024

and 31 December 2024

5,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

3,395

9,318

12,713

Additions

-

3,429

Disposals

-

(1,008

)

(1,008

)

At 31 December 2024

3,395

11,739

15,134

DEPRECIATION

At 1 January 2024

1,860

5,553

7,413

Charge for year

470

2,317

2,787

Eliminated on disposal

-

(504

)

(504

)

At 31 December 2024

2,330

7,366

9,696

NET BOOK VALUE

At 31 December 2024

1,065

4,373

5,438

At 31 December 2023

1,535

3,765

5,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

5,674

17,355

Other debtors

714

-

Prepayments and accrued income

565

376

6,953

17,731

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

113

4,065

Tax

204

601

Social security and other taxes

4,028

3,901

Other creditors

-

87

Directors' current accounts

19,337

23,173

Accruals and deferred income

1,308

24,990

33,135

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

2

Ordinary A shares

£1

2

1

Ordinary B shares

£1

1

3

10.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

Contracted but not provided for in the

financial statements

-

11.	RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and bear interest at 5% with no specific repayment terms.