REGISTERED NUMBER: 11943606 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Optimum Carpentry Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Gardiner

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

11943606 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Tangible assets

4

23,670

35,336

CURRENT ASSETS

Debtors

5

19,892

70,020

CREDITORS

Amounts falling due within one year

6

98,738

50,849

NET CURRENT (LIABILITIES)/ASSETS

(78,846

)

19,171

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,176

)

54,507

CREDITORS

Amounts falling due after more than one year

7

(8,491

)

(10,491

)

PROVISIONS FOR LIABILITIES

-

(3,891

)

NET (LIABILITIES)/ASSETS

(63,667

)

40,125

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

(63,673

)

40,119

SHAREHOLDERS' FUNDS

(63,667

)

40,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2025 and were signed by:

S Gardiner - Director

1.	STATUTORY INFORMATION

Optimum Carpentry Solutions Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 May 2024

67,143

4,617

71,760

Additions

6,455

192

6,647

Disposals

(4,000

)

-

(4,000

)

At 30 April 2025

69,598

4,809

74,407

Depreciation

At 1 May 2024

33,886

2,538

36,424

Charge for year

12,974

1,339

14,313

At 30 April 2025

46,860

3,877

50,737

Net book value

At 30 April 2025

22,738

932

23,670

At 30 April 2024

33,257

2,079

35,336

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

4,869

38,512

Other debtors

15,023

31,508

19,892

70,020

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans and overdrafts

3,727

2,477

Trade creditors

2,250

995

Taxation and social security

5,463

14,306

Other creditors

87,298

33,071

98,738

50,849

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

£

Bank loans

8,491

10,491

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/4/25

30/4/24

£

£

Within one year

3,200

3,200

Between one and five years

4,000

7,200

7,200

10,400

9.	RELATED PARTY DISCLOSURES

S Gardiner

Director

Included in other creditors on 30th April 2025 was £72,099 (2024 - £19,897) owed to the above director. No interest is being charged on this loan and there are no set repayment terms.

10.	GOING CONCERN

There was a net deficiency of assets of £63,667 at the balance sheet date, however the director has confirmed continued support and considers the company retains sufficient working capital to continue trading for the foreseeable future.