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Company Registration No. 14860258 (England and Wales)
Optara Limited Unaudited accounts for the period from 10 May 2023 to 31 May 2024
Optara Limited Unaudited accounts Contents
Page
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Optara Limited Company Information for the period from 10 May 2023 to 31 May 2024
Directors
Mark Bishop Catherine Bishop
Secretary
Catherine Bishop
Company Number
14860258 (England and Wales)
Registered Office
14 LEITH PARK ROAD GRAVESEND KENT DA12 1LN ENGLAND
Accountants
PS Accounting Solutions Ltd 8 Rede Wood Road Barming Maidstone Kent ME16 9HL
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Optara Limited Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
3,294 
Current assets
Debtors
64,484 
Cash at bank and in hand
71,604 
136,088 
Creditors: amounts falling due within one year
(104,510)
Net current assets
31,578 
Net assets
34,872 
Capital and reserves
Called up share capital
100 
Profit and loss account
34,772 
Shareholders' funds
34,872 
For the period ending 31 May 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by
Mark Bishop Director Company Registration No. 14860258
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Optara Limited Notes to the Accounts for the period from 10 May 2023 to 31 May 2024
1
Statutory information
Optara Limited is a private company, limited by shares, registered in England and Wales, registration number 14860258. The registered office is 14 LEITH PARK ROAD, GRAVESEND, KENT, DA12 1LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
33%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 10 May 2023
- 
- 
- 
Additions
332 
3,647 
3,979 
At 31 May 2024
332 
3,647 
3,979 
Depreciation
Charge for the period
28 
657 
685 
At 31 May 2024
28 
657 
685 
Net book value
At 31 May 2024
304 
2,990 
3,294 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
64,384 
Other debtors
100 
64,484 
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Optara Limited Notes to the Accounts for the period from 10 May 2023 to 31 May 2024
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
23,185 
Taxes and social security
46,033 
Loans from directors
25 
Accruals
10,417 
Deferred income
24,850 
104,510 
7
Average number of employees
During the period the average number of employees was 2.
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