Registration number: 06968732

The Optimum Group Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

The Optimum Group Limited

Company Information

Director

Mr Michael Pearson

Registered office

Unit 10a Park View Road West, Park View Industrial Estate, Hartlepool TS25 1PE

Accountants

HMB Accountants Limited 18a Manor Way Belasis Hall Technology Park Billingham TS23 4HN

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Optimum Group Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Optimum Group Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Optimum Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Optimum Group Limited and state those matters that we have agreed to state to the Board of Directors of The Optimum Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Optimum Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Optimum Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Optimum Group Limited. You consider that The Optimum Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Optimum Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

HMB Accountants Limited
18a Manor Way
Belasis Hall Technology Park
Billingham
TS23 4HN

29 September 2025

The Optimum Group Limited

(Registration number: 06968732)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	-	8,720
Tangible assets	5	214,377	268,482
		214,377	277,202
Current assets
Stocks	6	135,707	153,129
Debtors	7	344,035	336,652
Cash at bank and in hand		225,686	82,944
		705,428	572,725
Creditors: Amounts falling due within one year	8	(673,253)	(686,376)
Net current assets/(liabilities)		32,175	(113,651)
Total assets less current liabilities		246,552	163,551
Creditors: Amounts falling due after more than one year	8	(255,760)	(212,530)
Net liabilities		(9,208)	(48,979)
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(9,308)	(49,079)
Shareholders' deficit		(9,208)	(48,979)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

......................................... Mr Michael Pearson Director

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales).

The address of its registered office is:
Unit 10a Park View Road West,
Park View Industrial Estate,
Hartlepool
TS25 1PE
England

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income 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.

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.

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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	33.33% Straight line
Fixtures and fittings	33% and 25% Straight line
Motor vehicles	33% Straight line
Computer equipment	33% and 25% on reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development costs	amortised evenly over useful life of five years
Computer software	amortised evenly over useful life of five years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 30 (2023 - 31).

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2024	7,000	10,900	17,900
At 31 December 2024	7,000	10,900	17,900
Amortisation
At 1 January 2024	7,000	2,180	9,180
Amortisation charge	-	8,720	8,720
At 31 December 2024	7,000	10,900	17,900
Carrying amount
At 31 December 2024	-	-	-
At 31 December 2023	-	8,720	8,720

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	682,912	34,500	717,412
Additions	9,674	-	9,674
At 31 December 2024	692,586	34,500	727,086
Depreciation
At 1 January 2024	426,093	22,837	448,930
Charge for the year	55,154	8,625	63,779
At 31 December 2024	481,247	31,462	512,709
Carrying amount
At 31 December 2024	211,339	3,038	214,377
At 31 December 2023	256,819	11,663	268,482

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Work in progress	6,715	11,905
Other inventories	128,992	141,224
	135,707	153,129

7

Debtors

Current	2024 £	2023 £
Trade debtors	261,895	268,062
Prepayments	66,025	53,533
Other debtors	16,115	15,057
	344,035	336,652

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	138,639	138,639
Trade creditors		284,923	361,037
Taxation and social security		178,809	112,543
Accruals and deferred income		18,624	5,668
Other creditors		52,258	68,489
		673,253	686,376

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	255,760	211,884
Deferred income		-	646
		255,760	212,530

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	75	75	75	75
A Ordinary shares of £1 each	25	25	25	25
	100	100	100	100

The Optimum Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	255,760	211,884

Current loans and borrowings

	2024 £	2023 £
Other borrowings	138,639	138,639

11	Related party transactions

A balance is due to The watch group , a company in which Mr Michael Pearson (Director) is as a director. At the end of the accounting year-end, sum of £49,646 (2023: £49,646) is payable to The watch group limited.