Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10885152 Mr Lewis Wilde Mr Matthew Ball iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10885152 2022-07-31 10885152 2023-07-31 10885152 2022-08-01 2023-07-31 10885152 frs-core:CurrentFinancialInstruments 2023-07-31 10885152 frs-core:Non-currentFinancialInstruments 2023-07-31 10885152 frs-core:MotorVehicles 2023-07-31 10885152 frs-core:MotorVehicles 2022-08-01 2023-07-31 10885152 frs-core:MotorVehicles 2022-07-31 10885152 frs-core:PlantMachinery 2023-07-31 10885152 frs-core:PlantMachinery 2022-08-01 2023-07-31 10885152 frs-core:PlantMachinery 2022-07-31 10885152 frs-core:ShareCapital 2023-07-31 10885152 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10885152 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10885152 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10885152 frs-bus:SmallEntities 2022-08-01 2023-07-31 10885152 frs-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10885152 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10885152 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10885152 frs-bus:OrdinaryShareClass1 2023-07-31 10885152 frs-core:DeferredTaxation 2022-08-01 2023-07-31 10885152 frs-core:DeferredTaxation 2022-07-31 10885152 frs-core:DeferredTaxation 2023-07-31 10885152 frs-bus:Director1 2022-08-01 2023-07-31 10885152 frs-bus:Director2 2022-08-01 2023-07-31 10885152 frs-countries:EnglandWales 2022-08-01 2023-07-31 10885152 2021-07-31 10885152 2022-07-31 10885152 2021-08-01 2022-07-31 10885152 frs-core:CurrentFinancialInstruments 2022-07-31 10885152 frs-core:Non-currentFinancialInstruments 2022-07-31 10885152 frs-core:ShareCapital 2022-07-31 10885152 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 10885152 frs-bus:OrdinaryShareClass1 2021-08-01 2022-07-31
Registered number: 10885152
Opticore Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Opticore Communications Ltd for the year ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Opticore Communications Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Opticore Communications Ltd , as a body, in accordance with the terms of our engagement letter dated 18 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Opticore Communications Ltd and state those matters that we have agreed to state to the directors of Opticore Communications Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Opticore Communications Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Opticore Communications Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Opticore Communications Ltd . You consider that Opticore Communications Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Opticore Communications Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
20th March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10885152
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 159,763 149,740
159,763 149,740
CURRENT ASSETS
Debtors 6 226,475 156,995
Cash at bank and in hand 222,068 23,491
448,543 180,486
Creditors: Amounts Falling Due Within One Year 7 (303,855 ) (143,886 )
NET CURRENT ASSETS (LIABILITIES) 144,688 36,600
TOTAL ASSETS LESS CURRENT LIABILITIES 304,451 186,340
Creditors: Amounts Falling Due After More Than One Year 8 (29,910 ) (59,371 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (39,941 ) (28,451 )
NET ASSETS 234,600 98,518
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 234,598 98,516
SHAREHOLDERS' FUNDS 234,600 98,518
Page 2
Page 3
For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lewis Wilde
Director
Mr Matthew Ball
Director
20th March 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Opticore Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10885152 . The registered office is 4 Worrall Street, Salford, Manchester, M5 4TH.

The companies principle place of business is 6 Worral St, Salford, M5 4TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 19)
21 19
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2022 7,240 208,534 215,774
Additions 4,870 48,980 53,850
As at 31 July 2023 12,110 257,514 269,624
Depreciation
As at 1 August 2022 4,797 61,237 66,034
Provided during the period 774 43,053 43,827
As at 31 July 2023 5,571 104,290 109,861
Net Book Value
As at 31 July 2023 6,539 153,224 159,763
As at 1 August 2022 2,443 147,297 149,740
5. Stocks
2023 2022
£ £
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 115,891 7,348
Other debtors 110,584 149,647
226,475 156,995
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 98,943 51,023
Bank loans and overdrafts 50,022 60,303
Other creditors 1,938 2,319
Taxation and social security 152,952 30,241
303,855 143,886
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 29,910 59,371
29,910 59,371
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 39,941 28,451
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2022 28,451 28,451
Additions 11,490 11,490
Balance at 31 July 2023 39,941 39,941
11. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
12. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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