Company No:
Contents
DIRECTOR | Keith Stephen Sheers |
SECRETARY | Anne Hovell |
REGISTERED OFFICE | 7 Alpha Court |
Monks Cross Drive Huntington | |
York | |
YO32 9WN | |
United Kingdom |
COMPANY NUMBER | 04384276 (England and Wales) |
ACCOUNTANT | Morrell Middleton Auditors Ltd Chartered Certified Accountants |
Wellington House | |
Aviator Court | |
York | |
YO30 4UZ |
Note | 31.05.2023 | 31.05.2022 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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300,000 | 325,000 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand | 6 |
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180,465 | 210,973 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 155,576 | 173,473 | ||
Total assets less current liabilities | 455,576 | 498,473 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Optiware Limited (registered number:
Keith Stephen Sheers
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Optiware Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Alpha Court, Monks Cross Drive Huntington, York, YO32 9WN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Goodwill |
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Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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.
31.05.2023 | 31.05.2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2022 |
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No disposals during the period. |
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At 31 May 2023 |
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Accumulated amortisation | |||
At 01 June 2022 |
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Charge for the financial year |
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At 31 May 2023 |
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Net book value | |||
At 31 May 2023 |
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At 31 May 2022 |
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Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2022 |
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At 31 May 2023 |
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Accumulated depreciation | |||
At 01 June 2022 |
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At 31 May 2023 |
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Net book value | |||
At 31 May 2023 |
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At 31 May 2022 |
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31.05.2023 | 31.05.2022 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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31.05.2023 | 31.05.2022 | ||
£ | £ | ||
Cash at bank and in hand |
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31.05.2023 | 31.05.2022 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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31.05.2023 | 31.05.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Keith Stephen Sheers is the ultimate controlling party by the virtue of his shareholdings in the Company.