| OPTIM RESOURCE LTD |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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Provisions |
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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. |
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Pensions |
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The company did not operate a pension scheme during the year. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors and prepayments |
11,881 |
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29,451 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors and accruals |
12,313 |
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16,706 |
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Corporation tax |
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32,082 |
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28,317 |
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Taxation and social security costs |
6,838 |
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4,345 |
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Other creditors - director's loan account |
98 |
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892 |
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51,331 |
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50,260 |
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| 5 |
Events after the reporting date |
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There were no events after the reporting date which would affect the user's understanding of these accounts. |
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| 6 |
Contingent liabilities |
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There were no contingent liabilities in existence at the year end. |
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| 7 |
Controlling party |
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The company is controlled by it's director, Mr P A Burke, who owns 60% of the issued ordinary share capital. |
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| 8 |
Other information |
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OPTIM RESOURCE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Oakland |
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78b High Elm Road |
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Hale Barns |
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Cheshire |
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WA15 0HX |