Optimal Design Limited - Filleted accounts

Registered number

10973056

Optimal Design Limited

Filleted Accounts

30 September 2024

Optimal Design Limited
Registered number:		10973056
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,363			1,704
			1,363			1,704

Current assets
Stocks		576,963			82,453
Cash at bank and in hand		48,123			48,459
		625,086			130,912

Creditors: amounts falling due within one year	4	(250)			(250)

Net current assets			624,836			130,662

Total assets less current liabilities			626,199			132,366

Creditors: amounts falling due after more than one year	5		(602,986)			(106,799)



Net assets			23,213			25,567

Capital and reserves
Called up share capital			100			100
Profit and loss account			23,113			25,467

Shareholders' funds			23,213			25,567

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Yadgar Rafiq Tayfur
Director
Approved by the board on 30 October 2025

Optimal Design Limited
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	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
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Creditors
	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.




2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					0		0




3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	-		6,500		-		6,500
	Additions	-		-		-		-
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 30 September 2024	-		6,500		-		6,500

	Depreciation
	At 1 October 2023	-		4,796		-		4,796
	Charge for the year	-		341		-		341
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 30 September 2024	-		5,137		-		5,137

	Net book value
	At 30 September 2024	-		1,363		-		1,363
	At 30 September 2023	-		1,704		-		1,704


	Freehold land and buildings:					2024		2023
£							£
	Historical cost					-		-
	Cumulative depreciation based on historical cost					-		-
						-		-
	[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]


4	Creditors: amounts falling due within one year					2024		2023
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Taxation and social security costs					-		-
	Other creditors					250		250
						250		250


5	Creditors: amounts falling due after one year					2024		2023
£							£

	Non-equity preference shares					-		-
	Bank loans					317,252		-
	Obligations under finance lease and hire purchase contracts					34,188		38,279
	Trade creditors					251,546		68,520
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Other creditors					-		-
						602,986		106,799