Registered number
04154809
Optimum Drywall Systems Limited
Report and Financial Statements
31 March 2025

Optimum Drywall Systems Limited
Report and accounts
Contents
Page
Company information | 1
Directors' report | 2
Strategic report | 4
Independent auditor's report | 6
Income statement | 9
Statement of financial position | 10
Statement of changes in equity | 11
Statement of cash flows | 12
Notes to the financial statements | 13

Optimum Drywall Systems Limited
Company Information
Directors
Mr S Britton
Mrs J M Britton
Mr M S Davies
Mrs J Z Davies
Mrs L Clubb
Ms S C Linton
Secretary
Mrs J M Britton
Auditors
Bristow Burrell
4 Riverview,
Walnut Tree Close,
Guildford,
Surrey
GU1 4UX
Registered office
Unit 7A, Eastpark Trading Estate
Gordon Road
Fishponds
Bristol
BS5 7DR
Registered number (England and Wales)
04154809

Optimum Drywall Systems Limited
Registered number: | 04154809
Directors' Report
The directors present their report and financial statements for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be that of specialist drywall installation services.
Future developments
Future developments are described in the Strategic Report.
Dividends
During the year dividends of £449,504 (2024: £409,504) were recommended and paid.
Directors
The following persons served as directors during the year:
| Mr S Britton
| Mrs J M Britton
| Mr M S Davies
| Mrs J Z Davies
| Mrs L Clubb
| Ms S C Linton
Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
● | select suitable accounting policies and then apply them consistently;
● | make judgements and estimates that are reasonable and prudent;
● | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
● | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
● | so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
● | he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board on 2 December 2025 and signed on its behalf.
Mr S Britton
Director

Optimum Drywall Systems Limited
Strategic Report
The directors present their strategic report for the Year ended 31st March 2025.
Review of the business
Optimum Drywall Systems Ltd delivers high-quality Drylining and Firestopping services to meet the needs of our construction clients. Our success is built on the expertise and loyalty of our team, who foster strong relationships that drive repeat business. Over half of our employees have achieved long-term service milestones, reflecting the commitment that underpins our future growth and succession planning.
2025 has been another strong year for Optimum, despite ongoing challenges in the domestic market including rising operational costs, supply chain volatility, and tightening environmental regulations. Our proactive approach has mitigated financial impacts and supported continued growth. We have further expanded our client base, secured new projects with new clients, reinforcing our market position.
To address industry unpredictability, we maintain monthly reviews of client concentration risk and use credit insurance to safeguard against insolvency. This balanced strategy has proven effective, enabling us to secure significant work with a diversified client base and positioning the business to sustain turnover and improve profitability in the years ahead.
Principal risks and uncertainties
Our success relies on maintaining a strong reputation for delivering exceptional service to our clients.
In 2025, we strengthened our Reputational Risk by launching a new website to improve client engagement and brand visibility. We are currently investing in a dedicated business development team to drive growth and enhance client relationships. Alongside these initiatives, we continue to monitor our media presence and competitor activity, ensuring integrity and credibility remain at the core of our operations.
IT & Cybersecurity Risk Management remains a critical priority as our digital footprint grows. In 2025, we enhanced protection by introducing multi-factor authentication (MFA) across all critical systems and deploying advanced endpoint detection and response (EDR) tools to counter evolving threats. These measures, combined with regular penetration testing and comprehensive staff training, ensure our defences remain robust.
Health and Safety is at the core of our business. We maintain exceptional standards through a full-time internal H&S department, regular training, and a strict safety culture. In 2025, we introduced a compliance reward program, matching main contractor incentives and issuing weekly breakfast vouchers. Alongside physical safety, we continue to champion mental wellbeing through dedicated ambassadors and ongoing support.
Succession planning for our employee skill base is a recognised industry risk, and we address this by equipping our workforce with the skills needed to deliver exceptional service. In 2025, we strengthened this commitment by employing more apprentices, continuing to offer comprehensive training programmes, and promoting internally to support career progression. To enhance work-life balance, we continue to provide a hybrid working model wherever possible.
In 2025, global political and policy changes continued to create uncertainty, particularly amid cost-of-living and inflation challenges. Our focus remains on identifying legislative changes early, monitoring associated risks, and implementing robust contingency plans, consulting with third-party experts when necessary. This year, we strengthened compliance efforts by continuing our work on “Right to Work” checks, expanding our commitment to Modern Slavery prevention, and introducing carbon footprint calculations to support sustainability goals across our supply chain.
Financial key performance indicators
In 2025, we continued to promote confidence and manage liquidity risk by maintaining strong bank reserves. Our proactive approach to credit and cash flow risk includes daily monitoring of our cash position, which remains a proven financial strength for the company.
To achieve our strategic aims, the company has identified key areas of focus and established clear Key Performance Indicators (KPIs) to measure and assess progress effectively.
Turnover for the year decreased by 7.8% to £18.0m (2024 £19.6m), Gross margins also decreased to 18% (2024: 19%). Despite these reductions, the company traded at satisfactory levels.
Working capital as a percentage of turnover increased to 5.8% from 4.3% in the previous year. This was mainly due to surplus cash remaining in the business. Debtor days decreased in the year from 78 days in 2024 to 60 days in 2025.
The accident rate in 2025 was 4.6, compared to 5.5 in 2024. The index is calculated by the number of reportable incidents by 100,000 hours worked.
Whilst these KPI's are helpful in measuring the Company's performance, it should be stressed that they are not exhaustive and that many additional performance measures are used to monitor progress.
This report was approved by the board on 2nd December 2025 and signed on its behalf.
Mr S. Britton
Director

Optimum Drywall Systems Limited
Independent auditor's report
to the members of Optimum Drywall Systems Limited
Opinion

We have audited the financial statements of Optimum Drywall Systems Limited for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
● | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
● | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
● | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
● | the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
● | the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
● | adequate accounting records have not been kept by the company, or returns adequate for our audit have not been received from branches not visited by us; or
● | the company financial statements are not in agreement with the accounting records and returns; or
● | certain disclosures of directors’ remuneration specified by law are not made; or
● | we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the construction and contracting sector.
-we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the financial reporting framework FRS 102, UK taxation legislation, UK and EU VAT rules, data protection, anti-bribery, employment, environmental and health and safety legislation;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal, HMRC, Companies House, Board correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We used up to date tax and legislation checklists to confirm compliance with those laws and regulations.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected alleged fraud;
- considering the internal controls and segregation of duties in place to mitigate risks of fraud and non-compliance with laws and regulations;
- using analytical procedures to identify any unusual or unexpected transactions and sampling tests to confirm material balances in the financial statements. We directed our audit procedures to those areas which we identified as particularly susceptible to misstatement due to fraud, including related parties and their transactions;
- considering the possibility of fraudulent or corrupt payments made through third parties and the risk of bribery and corruption occurring in the areas of the world where the entity does business; and
- considering the selection of appropriate accounting policies by management which do not attempt to manipulate earnings figures and the use by us of random sampling testing in our audit procedures.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgments and assumptions made in determining any accounting estimates were indicative of potential bias;
- investigated the rationale behind significant or unusual transactions, including related party transactions; and
- considered targets and remuneration that might influence management and documented and tested the entity's systems and any weaknesses in internal controls. We identified and validated any transactions that appeared to be outside the normal course of business.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- ensuring that additional audit resting and scrutiny was carried out on any transactions or areas displaying the identified risk criteria, including discussions with our own tax specialists.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Bruce Sleap FCA
(Senior Statutory Auditor) | 4 Riverview,
for and on behalf of | Walnut Tree Close,
Bristow Burrell | Guildford,
Statutory Auditors | Surrey
2 December 2025 | GU1 4UX

Optimum Drywall Systems Limited
Income Statement
for the year ended 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Turnover | 2 |  | 18,032,853 |  | 19,570,717
Cost of sales | (14,851,486) |  | (15,928,379)
Gross profit | 3,181,367 |  | 3,642,338
Administrative expenses | (2,303,095) |  | (2,475,790)
Other operating income | 6 |  | 18,333 |  | 20,000
Operating profit | 3 |  | 896,605 |  | 1,186,548
Profit/(loss) on sale of fixed assets | 32,372 |  | (247)
Interest receivable | 15,519 |  | -
Interest payable | 7 |  | (14,451) |  | (22,655)
Profit on ordinary activities before taxation | 930,045 |  | 1,163,646
Tax on profit on ordinary activities | 8 |  | (239,670) |  | (312,935)
Profit for the financial year | 690,375 |  | 850,711

Optimum Drywall Systems Limited
Statement of Financial Position
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 9 |  |  | 304,057 |  |  | 356,615
Current assets
Stocks | 10 |  | 22,883 |  |  | 67,599
Debtors | 11 |  | 2,990,646 |  |  | 4,203,684
Cash at bank and in hand |  |  | 827,886 |  |  | 658,852
|  |  | 3,841,415 |  |  | 4,930,135
Creditors: amounts falling due within one year | 12 |  | (2,796,748) |  |  | (4,095,192)
Net current assets |  |  |  | 1,044,667 |  |  | 834,943
Total assets less current liabilities |  |  |  | 1,348,724 |  |  | 1,191,558
Creditors: amounts falling due after more than one year | 13 |  |  | (78,769) |  |  | (150,393)
Provisions for liabilities
Deferred taxation | 16 |  |  | (31,688) |  |  | (43,769)
Net assets |  |  |  | 1,238,267 |  |  | 997,396
Capital and reserves
Called up share capital | 17 |  |  | 100 |  |  | 100
Profit and loss account | 18 |  |  | 1,238,167 |  |  | 997,296
Total equity |  |  |  | 1,238,267 |  |  | 997,396
Mr S Britton
Director
Approved by the board on 2 December 2025

Optimum Drywall Systems Limited
Statement of Changes in Equity
for the year ended 31 March 2025
Share | Profit | Total
capital | and loss
account
£ | £ | £
At 1 April 2023 | 100 |  | 556,089 |  | 556,189
Profit for the financial year | - |  | 850,711 |  | 850,711
Dividends | - |  | (409,504) |  | (409,504)
At 31 March 2024 | 100 |  | 997,296 |  | 997,396
At 1 April 2024 | 100 |  | 997,296 |  | 997,396
Profit for the financial year | - |  | 690,375 |  | 690,375
Dividends | - |  | (449,504) |  | (449,504)
At 31 March 2025 | 100 |  | 1,238,167 |  | 1,238,267

Optimum Drywall Systems Limited
Statement of Cash Flows
for the year ended 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Operating activities
Profit for the financial year | 690,375 |  | 850,711
Adjustments for:
(Profit)/loss on sale of fixed assets | (32,372) |  | 247
Interest receivable | (15,519) |  | -
Interest payable | 14,451 |  | 22,655
Tax on profit on ordinary activities | 239,670 |  | 312,935
Depreciation | 67,216 |  | 58,968
Decrease/(increase) in stocks | 44,716 |  | (56,508)
Decrease/(increase) in debtors | 1,213,038 |  | (1,028,668)
(Decrease)/increase in creditors | (1,055,594) |  | 460,404 |  |  | -
|  |  | 1,165,981 |  | 620,744
Interest received | 15,519 |  | -
Interest paid |  |  | (14,451) |  | (22,655)
Corporation tax paid | (308,669) |  | (72,054) |  |  | -
Cash generated by operating activities | 858,380 |  | 526,035
Investing activities
Payments to acquire tangible fixed assets | (20,938) |  | (72,401)
Proceeds from sale of tangible fixed assets | 38,652 |  | 350
Cash generated by/(used in) investing activities | 17,714 |  | (72,051)
Financing activities
Equity dividends paid | (449,504) |  | (409,504)
Repayment of loans | 15 |  | (93,645) |  | (20,533)
Cash used in financing activities | (543,149) |  | (430,037)
Net cash generated
Cash generated by operating activities | 858,380 |  | 526,035
Cash generated by/(used in) investing activities | 17,714 |  | (72,051)
Cash used in financing activities | (543,149) |  | (430,037)
Net cash generated | 332,945 |  | 23,947
Cash and cash equivalents at 1 April | 381,505 |  | 357,558
Cash and cash equivalents at 31 March | 714,450 |  | 381,505
Cash and cash equivalents comprise:
Cash at bank | 827,886 |  | 658,852
Bank overdrafts | 12 |  | (113,436) |  | (277,347)
|  |  | 714,450 |  | 381,505

Optimum Drywall Systems Limited
Notes to the Accounts
for the year ended 31 March 2025
1 | Summary of significant accounting policies
| Basis of preparation
| The financial statements 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 and the Companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).
| 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 rendering of construction services. Turnover from the rendering of construction 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. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its workable condition. 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:
| Property | over 50 years
| Leasehold improvements | over 13 years
| Plant and machinery etc | over 4 years
| Motor vehicles | over 4 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.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals as a liability in the Statement of financial position.
| Going Concern
| Management have assessed all available information about the future of its business and are satisfied that it is appropriate that these accounts have been prepared on the going concern basis.
| Financial Instruments
| The Company only enters into basic financial instruments transactions that result in the recognition of financial asses and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate the financial asset or liability is measured, initially, at the present value of the future cash flow discounted to a market rate of interest for a similar debt instrument and subsequently at amortised cost.
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
| Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2 | Analysis of turnover | 2025 |  | 2024
£ | £
| Revenue from construction contracts | 18,032,853 |  | 19,570,717
| By geographical market:
| UK | 18,032,853 |  | 19,570,717
3 | Operating profit | 2025 |  | 2024
£ | £
| This is stated after charging:
| Depreciation of owned fixed assets | 67,216 |  | 58,968
| Operating lease rentals | 28,324 |  | 21,828
| Auditors' remuneration for audit services | 13,500 |  | 12,900
4 | Directors' emoluments | 2025 |  | 2024
£ | £
| Emoluments | 288,571 |  | 211,308
| Company contributions to 6 Directors under defined contribution pension plans |  |  |  | 277,513 |  | 66,955
|  |  |  |  |  | 566,084 |  | 278,263
| The aggregate of emoluments, excluding pension contributions of the highest paid director were £111,876 (2024: £91,118), pension contributions were £11,727 (2024: £5,803)
5 | Staff costs | 2025 |  | 2024
£ | £
| Wages and salaries | 1,531,581 |  | 1,859,134
| Social security costs | 179,083 |  | 245,191
| Other pension costs (Defined contribution scheme) | 291,395 |  | 105,706
|  |  |  |  |  | 2,002,059 |  | 2,210,031
| Average number of employees during the year | Number | Number
| Administration | 8 |  | 13
| Operational | 42 |  | 40
|  |  |  |  |  | 50 |  | 53
6 | Other operating income
| Rental income of £18,333 (2024: £20,000) was received during the year.
7 | Interest payable | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 14,451 |  | 22,655
8 | Taxation | 2025 |  | 2024
£ | £
| Analysis of charge in period
| Current tax:
| UK corporation tax on profits of the period | 251,751 |  | 308,669
| Deferred tax:
| Origination and reversal of timing differences | (12,081) |  | 4,266
| Tax on profit on ordinary activities | 239,670 |  | 312,935
| Factors affecting tax charge for period
| The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
|  |  |  |  |  | 2025 |  | 2024
£ | £
| Profit on ordinary activities before tax | 930,045 |  | 1,163,646
| Standard rate of corporation tax in the UK | 25% |  | 25%
£ | £
| (Loss) /Profit on ordinary activities multiplied by the standard rate of corporation tax |  | 232,511 |  | 290,912
| Effects of:
| Expenses not deductible for tax purposes | 6,344 |  | 12,832
| Capital allowances for period in excess of depreciation | 12,896 |  | 4,925
| Current tax charge for period | 251,751 |  | 308,669
9 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery |  | Motor Vehicles |  | Total
|  | At cost |  | At cost |  | At cost
£ | £ | £ | £
| Cost or valuation
| At 1 April 2024 | 486,010 |  | 181,752 |  | 178,995 |  | 846,757
| Additions | - |  | 20,938 |  | - |  | 20,938
| Disposals | (60,084) |  | (70,091) |  | (13,000) |  | (143,175)
| At 31 March 2025 | 425,926 |  | 132,599 |  | 165,995 |  | 724,520
| Depreciation
| At 1 April 2024 | 220,915 |  | 152,028 |  | 117,199 |  | 490,142
| Charge for the year | 15,678 |  | 15,473 |  | 36,065 |  | 67,216
| On disposals | (60,084) |  | (64,623) |  | (12,188) |  | (136,895)
| At 31 March 2025 | 176,509 |  | 102,878 |  | 141,076 |  | 420,463
| Carrying amount
| At 31 March 2025 | 249,417 |  | 29,721 |  | 24,919 |  | 304,057
| At 31 March 2024 | 265,095 |  | 29,724 |  | 61,796 |  | 356,615
|  |  |  |  |  | 2025 |  | 2024
£ | £
| The NBV of Land and buildings comprise:
|  | Freehold | 177,306 |  | 181,536
|  | Long Leasehold >50 years
|  | Short Leasehold <50 years
|  | Leasehold improvements | 72,112 |  | 83,556
|  |  |  |  |  | 249,418 |  | 265,092
10 | Stocks | 2025 |  | 2024
£ | £
| Raw materials and consumables | 22,883 |  | 67,599
11 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 390,928 |  | 139,035
| Prepayments and accrued income | 158,889 |  | 162,369
| Construction contract debtors | 2,440,829 |  | 3,902,280
|  |  |  |  |  | 2,990,646 |  | 4,203,684
12 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank overdrafts | 113,436 |  | 277,347
| Bank loans | 99,185 |  | 121,206
| Trade creditors | 1,650,876 |  | 2,343,160
| Other taxes and social security costs | 359,111 |  | 464,338
| Other creditors | 13,982 |  | 33,322
| Accruals and deferred income | 560,158 |  | 855,819
|  |  |  |  |  | 2,796,748 |  | 4,095,192
13 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 78,769 |  | 150,393
14 | Loans | 2025 |  | 2024
£ | £
| Loans not wholly repayable within five years:
| Loan 1 Variable rate loan maturing January 2032 | 38,645 |  | 42,654
| Loan 2 Fixed rate loan maturing January 2032 at 5.45% | 38,952 |  | 43,540
| Loan 3 CBILS loan 48 month term commencing May 22 | 72,917 |  | 135,417
| Loan 4 Capital on tap, variable loan, payable on demand | 27,441 |  | 49,988
|  |  |  |  |  | 177,955 |  | 271,599
| Analysis of maturity of debt:
| Within one year or on demand | 99,185 |  | 121,206
| Between one and two years | 20,330 |  | 71,794
| Between two and five years | 33,984 |  | 42,270
| After five years | 24,456 |  | 36,329
|  |  |  |  |  | 177,955 |  | 271,599
| The bank loans and overdrafts are secured on the property and other assets of the company.
15 | Reconciliation of net debt |  |  | 1 April 2024 |  | Cash flows |  | 31 March 2025
|  |  |  | £ |  | £ |  | £
| Cash | 658,852 |  | 169,034 |  | 827,886
| Bank overdrafts | (277,347) |  | 163,911 |  | (113,436)
| Bank loans | (271,599) |  | 93,644 |  | (177,955)
| Net cash / (debt) | 109,906 |  | 426,589 |  | 536,495
16 | Deferred taxation | 2025 |  | 2024
£ | £
| Accelerated capital allowances | 31,688 |  | 43,769
|  |  |  |  |  | 2025 |  | 2024
£ | £
| At 1 April | 43,769 |  | 39,503
| (Credited)/charged to the profit and loss account | (12,081) |  | 4,266
| At 31 March | 31,688 |  | 43,769
17 | Share capital | Nominal |  | 2025 |  | 2025 |  | 2024
value | Number | £ | £
| The authorised share capital is 1000 shares of £1 each
| Allotted, called up and fully paid:
| Ordinary shares. Each share has full rights with respect to voting, dividends and distributions. | £1 each |  | 80 |  | 80 |  | 80
| B Ordinary shares. Each share has the rights and restrictions as set out in the companies Articles of Association. | £1 each |  | 20 |  | 20 |  | 20
|  |  |  |  |  | 100 |  | 100
18 | Profit and loss account | 2025 |  | 2024
£ | £
| At 1 April | 997,296 |  | 556,089
| Profit for the financial year | 690,375 |  | 850,711
| Dividends | (449,504) |  | (409,504)
| At 31 March | 1,238,167 |  | 997,296
19 | Dividends | 2025 |  | 2024
£ | £
| Dividends on ordinary shares (note 18) | 449,504 |  | 409,504
20 | Other financial commitments
| Total future minimum lease payments under non-cancellable operating leases:
|  | Other |  | Other
|  | 2025 |  | 2024
£ | £
| Falling due:
| within one year | 66,878 |  | 31,696
| within two to five years | 37,479 |  | 11,237
|  | 104,357 |  | 42,933
| As lessor, the company leases part of its property to an unconnected business.. Amounts receivable are £18,333 (2024:£20,000), renewable on a rolling one-year lease.
21 | Related party transactions
| Balances are unsecured, repayable within one year on demand, with no interest charged.
| Optimum Combined Services Limited
| Mr S Britton and Mr M S Davies are also directors and shareholders in Optimum Combined Services Limited. The company traded with Optimum Combined Services Limited during the year with arms length commercial transactions, including a management charge between the two companies for £60,000 per annum (2024: £60,000). At the balance sheet date the company owed £Nil (2024: £Nil) to Optimum Combined Services Limited, by way of trade creditor.
| BCD Partnership
| Mr and Mrs Britton and Mr and Mrs Davies are also partners of BCD Partnership. At the balance sheet date the company was owed £Nil to BCD Partnership (2024: £1,717).
| Mr and Mrs Britton (Directors)
| Mr and Mrs Britton own the property at Unit 7A, East Park Trading Estate, which is leased to the company. Annual rent payments amount to £21,000 (2024: £21,000). Lettings are assessed at arms length. At the balance sheet date £6,300 (2024: £6,300) is owed to Mr and Mrs Britton. Mr & Mrs Britton had an overdrawn balance in their directors loan account of £131,821 at the year end (2024: in credit £9,262.)
| Mrs S Linton (Director)
| The directors loan account of Mrs S Linton was overdrawn at the year end by £11,520 (2024: £4,936).
| Mr & Mrs Davies (Directors)
| The directors loan account of Mr & Mrs Davies was overdrawn at the year end by £24,531 (2024: in credit £10,207).
22 | Controlling party
| The company is under the control of Mr S and Mrs J Britton by virtue of their majority shareholding.
23 | Presentation currency
| The financial statements are presented in Sterling.
24 | Legal form of entity and country of incorporation
| Optimum Drywall Systems Limited is a private company limited by shares and incorporated in England and Wales.
25 | Principal place of business
| The address of the company's principal place of business and registered office is:
| Unit 7A, Eastpark Trading Estate
| Gordon Road,
| Fishponds,
| Bristol.
| BS5 7DR

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