Registration number: 04949109

Optimold Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

Optimold Limited

(Registration number: 04949109)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	1,619,165	1,978,029
Current assets
Stocks	5	780,647	719,757
Debtors	6	1,552,257	940,526
Cash at bank and in hand		273,107	162,626
		2,606,011	1,822,909
Creditors: Amounts falling due within one year	7	(1,155,066)	(905,541)
Net current assets		1,450,945	917,368
Total assets less current liabilities		3,070,110	2,895,397
Creditors: Amounts falling due after more than one year	7	(363,459)	(639,127)
Provisions for liabilities	8	(323,476)	(410,696)
Net assets		2,383,175	1,845,574
Capital and Reserves
Called up share capital		250	250
Retained Earnings		2,382,925	1,845,324
Shareholders' funds		2,383,175	1,845,574

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2025 and signed on its behalf by:
 

......................................... Mr R Bakke Director

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
120 Golborne Enterprise Park
Golborne
Warrington
Cheshire
WA3 3GR
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Great British pounds sterling.

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was qualified. We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2024, which are included in the balance sheet at £719,757. Consequently we were unable to determine whether any adjustment to this amount at 31 December 2024 was necessary or whether there was any consequential effect on the cost of sales for the year end 31 December 2025..

The name of the Senior Statutory Auditor who signed the audit report on 30 July 2025 was Joseph Hughes BA FCA, who signed for and on behalf of Azets Audit Services Limited.

Key sources of estimation uncertainty
The preparation of financial statements in conformity with the applicable financial reporting framework requires management to make judgements, estimates, and assumptions that affect the reported amounts of assets, liabilities, income, and expenses, as well as the disclosure of contingent assets and liabilities.

These estimates and assumptions are based on historical experience, current conditions, and other factors considered reasonable under the circumstances. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively in the period in which the estimate is revised and in any future periods affected.

Significant areas requiring management judgement and estimates include:

- Assessment of impairment of financial and non-financial assets.
- Measurement of expected losses on trade debtors.
- Revenue recognition where contracts involve significant judgement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

For long term contracts, profit is recognised by reference to the stage of completion of each contract where
there is reasonable certainty that the contract will be profitable. Where the outcome of the contract cannot be
established with reasonable certainty, no profit is recognised. Foreseeable losses are provided for in full at the
point which the loss is recognised.

Where amounts invoiced exceed the value of the work done, the excess is accounted for as payments received on account and is included within creditors. Where the value of work done exceeds the amounts invoiced, the excess is accounted for as amounts recoverable on contracts and is included within debtors. Retentions are included within trade debtors.

Where a contract's individual components operate independently of each other, revenue and related costs are
recorded as the right to consideration and earned by the performance of the contract's separable parts. Profits
are therefore recognised as they accrue on each separable component.

Where additional costs are expected to arise on a contract after the balance sheet date these costs are
accrued in the current year, and where costs are incurred in advance of the value of the work being
recoverable from the customers the costs are included in work in progress,

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Property	25% reducing balance basis
Plant and Machinery	20% reducing balance basis
Office Equipment	20% reducing balance basis
IT Equipment - Software	33.33% straight line basis

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets are classified into specified categories. The classification depends on the nature and purpose of the financial assets and is determined at the time of recognition.

Basic Financial Assets
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables and obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
 

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 46 (2024 - 44).

4	Tangible Assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	442,490	27,610	3,276,420	3,746,520
Additions	3,780	3,552	48,395	55,727
At 31 December 2025	446,270	31,162	3,324,815	3,802,247
Depreciation
At 1 January 2025	196,160	12,336	1,559,994	1,768,490
Charge for the year	62,324	6,552	345,716	414,592
At 31 December 2025	258,484	18,888	1,905,710	2,183,082
Carrying amount
At 31 December 2025	187,786	12,274	1,419,105	1,619,165
At 31 December 2024	246,330	15,274	1,716,425	1,978,029

Included within the above are assets on hire purchase of £710,858 (2024 - £888,573).

5

Stocks

	2025 £	2024 £
Raw materials and consumables	160,935	104,849
Production supplies	71,546	81,994
Finished goods and goods for resale	548,166	532,914
	780,647	719,757

 

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	1,332,696	617,861
Prepayments	26,923	21,733
Other debtors	192,638	300,932
	1,552,257	940,526

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	287,299	357,896
Trade Creditors	308,166	347,482
Taxation and social security	471,124	160,173
Accruals and deferred income	41,592	27,987
Other creditors	46,885	12,003
	1,155,066	905,541

Optimold Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	20,000
Other borrowings	11,400	31,776
HP and finance lease liabilities	265,899	306,120
	287,299	357,896

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Bank borrowings	-	3,334
HP and finance lease liabilities	363,459	635,793
	363,459	639,127

Included within creditors are HP and finance lease liabilities of £629,358 (2024: £941,913) which are secured on the assets financed.

The other borrowings of £11,400 (2024: £31,776) is secured by a charge created by RBS Invoice Finance Limited dated 11 May 2022. The charge created a fixed and floating charge over all the property or undertaking of the company as well as a negative pledge.

8	Provisions for liabilities

Deferred tax

Provisions for liabilities includes a liability of £323,476 (2024 - £410,696) in relation to deferred tax.

Deferred tax is recognised on temporary differences arising between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is measured using the enacted tax rate of 25% that is expected to apply when the temporary differences reverse.

9	Non adjusting events after the financial period

On 1st January 2026, the company transferred its trade and assets to Micro Systems (UK) Limited.

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

Leasing agreements

At 31st December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those lease of £4,099 (2024 £12,299)