Optimum Engineered Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07426736 (England and Wales)

Optimum Engineered Solutions Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2021

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

N Garbett

S S Batt

REGISTERED OFFICE:

76 High Street

Brierley Hill

West Midlands

DY8 3AW

BUSINESS ADDRESS:

Dudley Court

31 The Inhedge

Dudley

West Midlands

DY1 1RR

REGISTERED NUMBER:

07426736 (England and Wales)

ACCOUNTANTS:

JMC Accountants & Tax Advisers Ltd

76 High Street

Brierley Hill

West Midlands

DY5 3AW

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2021 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

As a practicing member of the Institute of Financial Accountants and Association of Taxation Technicians, we are subject to its ethical and other professional requirements which are detailed on their website.

JMC Accountants & Tax Advisers Ltd

76 High Street

Brierley Hill

West Midlands

DY5 3AW

10 April 2022

FIXED ASSETS

Tangible assets

4

23,843

20,701

CURRENT ASSETS

Debtors

5

177,695

97,085

Cash at bank

169,230

265,797

346,925

362,882

CREDITORS

Amounts falling due within one year

6

190,053

69,213

NET CURRENT ASSETS

156,872

293,669

TOTAL ASSETS LESS CURRENT LIABILITIES

180,715

314,370

PROVISIONS FOR LIABILITIES

4,530

4,010

NET ASSETS

176,185

310,360

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

176,085

310,260

176,185

310,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 April 2022 and were signed on its behalf by:

N Garbett - Director

S S Batt - Director

1.	STATUTORY INFORMATION

Optimum Engineered 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.

Fixtures and fittings

-

15% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2020

43,981

Additions

7,347

At 30 November 2021

51,328

DEPRECIATION

At 1 December 2020

23,280

Charge for year

4,205

At 30 November 2021

27,485

NET BOOK VALUE

At 30 November 2021

23,843

At 30 November 2020

20,701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

149,457

56,219

Amounts owed by group undertakings

13,103

12,825

Other debtors

15,135

28,041

177,695

97,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

36,500

-

Taxation and social security

147,843

65,856

Other creditors

5,710

3,357

190,053

69,213

7.	OTHER FINANCIAL COMMITMENTS

The company leases two vehicles which end between two and five years. The amount due in the next twelve months amounts to £11742.72

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Structured Investment Midlands Limited.

The controlling party is Structured Investment Midlands Limited. This is due to their ownership of 100% of the ordinary share capital in the company.