Optimum Surface Preparation Limited

Optimum Surface Preparation Limited
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	18,237	22,216
		18,237	22,216
Current assets
Debtors: amounts falling due within one year	4	66,436	82,951
Cash at bank and in hand		2,878	15,771
		69,314	98,722
Creditors: amount falling due within one year	5	(17,276)	(15,242)
Net current assets		52,038	83,480

Total assets less current liabilities		70,275	105,696
Creditors: amount falling due after more than one year	6	(3,962)	(20,952)
Provisions for liabilities	7	(4,585)	(4,585)
Net assets		61,728	80,159

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		61,727	80,158
Shareholders' funds		61,728	80,159

For the year ended 31 May 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 07 May 2026 and were signed by:

-------------------------------
Paul Dominic Hughes
Director

Optimum Surface Preparation Limited
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

Optimum Surface Preparation Limited is a private company, limited by shares, registered in England and Wales, registration number 10170405, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 June 2024	42,000	14,000	4,924	60,924
Additions	-	2,100	-	2,100
Disposals	-	-	-	-
At 31 May 2025	42,000	16,100	4,924	63,024
Depreciation
At 01 June 2024	27,867	9,349	1,492	38,708
Charge for year	3,533	1,688	858	6,079
On disposals	-	-	-	-
At 31 May 2025	31,400	11,037	2,350	44,787
Net book values
Closing balance as at 31 May 2025	10,600	5,063	2,574	18,237
Opening balance as at 01 June 2024	14,133	4,651	3,432	22,216

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	42,095	59,543
Other Debtors	24,341	23,408
	66,436	82,951

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	9,297	3,968
Corporation Tax	7,979	9,719
VAT	-	1,555
	17,276	15,242

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	3,962	4,967
Director Loan: Paul Dominic Hughes	-	15,985
	3,962	20,952

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	4,585		4,585
	4,585		4,585

Share Capital

Authorised
1 Ordinary share of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
1 Ordinary share of £1.00 each	1		1
	1		1

Registered Number: 10170405
England and Wales
Filleted Accounts

for the year ended 31 May 2025
for
OPTIMUM SURFACE PREPARATION LIMITED