Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10829467 2023-04-01 2024-03-31 10829467 2022-04-01 2023-03-31 10829467 2024-03-31 10829467 2023-03-31 10829467 c:Director1 2023-04-01 2024-03-31 10829467 c:Director2 2023-04-01 2024-03-31 10829467 c:RegisteredOffice 2023-04-01 2024-03-31 10829467 d:CurrentFinancialInstruments 2024-03-31 10829467 d:CurrentFinancialInstruments 2023-03-31 10829467 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10829467 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10829467 d:ShareCapital 2024-03-31 10829467 d:ShareCapital 2023-03-31 10829467 d:SharePremium 2024-03-31 10829467 d:SharePremium 2023-03-31 10829467 d:RetainedEarningsAccumulatedLosses 2024-03-31 10829467 d:RetainedEarningsAccumulatedLosses 2023-03-31 10829467 c:FRS102 2023-04-01 2024-03-31 10829467 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10829467 c:FullAccounts 2023-04-01 2024-03-31 10829467 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10829467 6 2023-04-01 2024-03-31 10829467 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 10829467







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


FUTUREOPTIX LIMITED






































   img2f02.png              

 


FUTUREOPTIX LIMITED
 


 
COMPANY INFORMATION


Directors
P McInally 
J Vaughn 




Registered number
10829467



Registered office
7 Wey Court
Mary Road

Guildford

Surrey

GU1 4QU




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


FUTUREOPTIX LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4


 


FUTUREOPTIX LIMITED
REGISTERED NUMBER:10829467



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
713,668
713,668

  
713,668
713,668

Current assets
  

Debtors: amounts falling due within one year
 5 
1,355
-

Cash at bank and in hand
  
27,186
36,257

  
28,541
36,257

Creditors: amounts falling due within one year
 6 
(4,470)
(14,218)

Net current assets
  
 
 
24,071
 
 
22,039

Total assets less current liabilities
  
737,739
735,707

  

Net assets
  
737,739
735,707


Capital and reserves
  

Called up share capital 
  
136
136

Share premium account
  
534,902
534,902

Profit and loss account
  
202,701
200,669

  
737,739
735,707


Page 1

 


FUTUREOPTIX LIMITED
REGISTERED NUMBER:10829467


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P McInally
Director

Date: 1 August 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


FUTUREOPTIX LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

FutureOptix Limited is a private company limited by shares incorporated in England and Wales. The company's registered number, registered office address and principal place of business are disclosed on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 


FUTUREOPTIX LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2023
713,668



At 31 March 2024
713,668





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
300
-

Other debtors
555
-

Prepayments and accrued income
500
-

1,355
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
470
-

Corporation tax
-
9,425

Other taxation and social security
-
43

Accruals and deferred income
4,000
4,750

4,470
14,218


Page 4