Optima Wear Ltd |
Registered number: |
13332859 |
Balance Sheet |
as at 31 January 2025 |
|
Notes |
|
|
2025 |
|
|
2024 |
£ |
£ |
Current assets |
Debtors |
3 |
|
7,020 |
|
|
12,255 |
Cash at bank and in hand |
|
|
1,191 |
|
|
148,248 |
|
|
|
8,211 |
|
|
160,503 |
|
Creditors: amounts falling due within one year |
4 |
|
(7,911) |
|
|
(25,805) |
|
Net current assets |
|
|
|
300 |
|
|
134,698 |
|
Total assets less current liabilities |
|
|
|
300 |
|
|
134,698 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
- |
|
|
(100,000) |
|
|
|
Net book value |
|
|
|
300 |
|
|
34,698 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
300 |
|
|
300 |
Profit and loss account |
|
|
|
- |
|
|
34,398 |
|
Shareholders' funds |
|
|
|
300 |
|
|
34,698 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Kevin Alexander Gall |
Director |
Approved by the board on 1 February 2025 |
|
Optima Wear Ltd |
Notes to the Accounts |
for the period from 1 July 2024 to 31 January 2025 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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 recognised at transaction price. |
|
|
Taxation |
|
A current tax liability\repayment is recognised for the tax payable\receivable on the taxable profit\loss of the current and past periods. |
|
|
2 |
Employees |
2025 |
|
2024 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2025 |
|
2024 |
£ |
£ |
|
|
Trade debtors |
- |
|
4,800 |
|
Value Added Tax refund |
|
|
|
|
- |
|
7,455 |
|
Corporation Tax refund |
|
|
|
|
6,507 |
|
- |
|
PAYE refund |
|
|
|
|
513 |
|
- |
|
|
|
|
|
|
7,020 |
|
12,255 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
£ |
£ |
|
|
Trade creditors |
3,000 |
|
13,000 |
|
Directors' loan accounts |
|
|
|
|
4,911 |
|
3,445 |
|
Taxation and social security costs |
- |
|
9,360 |
|
|
|
|
|
|
7,911 |
|
25,805 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
£ |
£ |
|
|
Loan from related party |
- |
|
100,000 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Optima Wear Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
8 Adelaide Row |
|
Seaham |
|
Co. Durham |
|
SR7 7EF |