OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED

OPTIMUM VEHICLES LIMITED - Company Information

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OPTIMUM VEHICLES LIMITED

Company Registration Number:
06484557 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

OPTIMUM VEHICLES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

OPTIMUM VEHICLES LIMITED

Balance sheet

As at 28 February 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 596 596
Tangible assets: 4 117,782 124,887
Total fixed assets: 118,378 125,483
Current assets
Stocks: 4,518,474 4,320,610
Debtors:   453,256 405,541
Cash at bank and in hand: 54,374 23,506
Total current assets: 5,026,104 4,749,657
Creditors: amounts falling due within one year:   (4,859,377) (4,343,220)
Net current assets (liabilities): 166,727 406,437
Total assets less current liabilities: 285,105 531,920
Creditors: amounts falling due after more than one year:   (65,263) (147,575)
Total net assets (liabilities): 219,842 384,345
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 219,840 384,343
Shareholders funds: 219,842 384,345

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2024
and signed on behalf of the board by:

Name: Paul Sanderson
Status: Director

The notes form part of these financial statements

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation is provided at 20% on a reducing balance basis in order to write off each asset over its estimated useful life.

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 21 21

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 596
At 28 February 2024 596
Amortisation
At 01 March 2023 0
At 28 February 2024 0
Net book value
At 28 February 2024 596
At 28 February 2023 596

OPTIMUM VEHICLES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 281,734
Additions 60,490
Disposals (47,500)
At 28 February 2024 294,724
Depreciation
At 01 March 2023 156,847
Charge for year 29,595
On disposals (9,500)
At 28 February 2024 176,942
Net book value
At 28 February 2024 117,782
At 28 February 2023 124,887