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REGISTERED NUMBER: 07468088 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

OPTERA LIMITED

OPTERA LIMITED (REGISTERED NUMBER: 07468088)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OPTERA LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: S J Caizley
J A'Barrow
Ms H A Gurnham-Hunt
S Wiseman
H W Hunt
C J Richardson
P A Milliam





REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
CV3 4LB





BUSINESS ADDRESS: The Barn
Oxburgh
Fosse Way Stretton On Dunsmore
Rugby
Warwickshire
CV23 9JF





REGISTERED NUMBER: 07468088 (England and Wales)






OPTERA LIMITED (REGISTERED NUMBER: 07468088)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528,864 527,791

CURRENT ASSETS
Stocks - 74,775
Debtors 3,574,073 4,312,154
Cash at bank 961,516 1,562,293
4,535,589 5,949,222
CREDITORS
Amounts falling due within one year 1,324,570 2,444,316
NET CURRENT ASSETS 3,211,019 3,504,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,739,883

4,032,697

CREDITORS
Amounts falling due after more than one
year

(73,726

)

(127,078

)

PROVISIONS FOR LIABILITIES (35,444 ) (60,490 )
NET ASSETS 3,630,713 3,845,129

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 3,630,513 3,844,929
3,630,713 3,845,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

OPTERA LIMITED (REGISTERED NUMBER: 07468088)

ABRIDGED BALANCE SHEET - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 April 2024 and were signed on its behalf by:





H W Hunt - Director


OPTERA LIMITED (REGISTERED NUMBER: 07468088)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Optera Limited 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures & fittings - 33% on cost
Motor vehicles - 33% on cost and 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

OPTERA LIMITED (REGISTERED NUMBER: 07468088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 809,050
Additions 213,383
Disposals (112,575 )
At 31 October 2023 909,858
DEPRECIATION
At 1 November 2022 281,259
Charge for year 198,600
Eliminated on disposal (98,865 )
At 31 October 2023 380,994
NET BOOK VALUE
At 31 October 2023 528,864
At 31 October 2022 527,791

OPTERA LIMITED (REGISTERED NUMBER: 07468088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2022 503,058
Additions 125,403
Disposals (79,583 )
At 31 October 2023 548,878
DEPRECIATION
At 1 November 2022 155,143
Charge for year 150,842
Eliminated on disposal (67,054 )
At 31 October 2023 238,931
NET BOOK VALUE
At 31 October 2023 309,947
At 31 October 2022 347,915

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 94,600 96,681
Between one and five years 73,726 127,078
168,326 223,759

Non-cancellable operating leases
2023 2022
£    £   
Within one year 59,703 67,636
Between one and five years 73,713 133,416
133,416 201,052

OPTERA LIMITED (REGISTERED NUMBER: 07468088)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 168,326 223,759

The hire purchase debts are secured against the assets to which they relate.

7. PENSION COMMITMENTS

Pension contributions outstanding at the year end were £29,688 (2022: £15,495).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
J A'Barrow
Balance outstanding at start of year - -
Amounts advanced 2,440 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,440 -