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REGISTERED NUMBER: 04664250 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 March 2024


for



Amber Optix Limited



Amber Optix Limited (Registered number: 04664250)








Contents of the Financial Statements

for the year ended 31 March 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4




Chartered Accountants' Report  

8




Amber Optix Limited



Company Information

for the year ended 31 March 2024









DIRECTORS:

Dr S J Collier


Dr A E Collier







REGISTERED OFFICE:

Amber House


Blakelees


Kingsley


Frodsham


Cheshire


WA6 8ES







REGISTERED NUMBER:

04664250 (England and Wales)







ACCOUNTANTS:

Bennett Brooks & Co Limited


Chartered Accountants


St George's Court


Winnington Avenue


Northwich


Cheshire


CW8 4EE



Amber Optix Limited (Registered number: 04664250)



Balance Sheet

31 March 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

8,038


7,375



Investment property

5

470,565


475,156



478,603


482,531




CURRENT ASSETS

Debtors

6

81,379


66,561



Investments

7

733,596


694,419



Cash at bank

388,807


475,883



1,203,782


1,236,863



CREDITORS

Amounts falling due within one year

8

63,888


111,317



NET CURRENT ASSETS

1,139,894


1,125,546



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,618,497


1,608,077




PROVISIONS FOR LIABILITIES

9

40,153


41,301



NET ASSETS

1,578,344


1,566,776




CAPITAL AND RESERVES

Called up share capital

10


10



Non-distributable reserves

10

103,158


106,601



Retained earnings

10

1,475,176


1,460,165



SHAREHOLDERS' FUNDS

1,578,344


1,566,776




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.



Amber Optix Limited (Registered number: 04664250)



Balance Sheet - continued

31 March 2024



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


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 27 August 2024 and were signed on its behalf by:





Dr A E Collier - Director




Dr S J Collier - Director




Amber Optix Limited (Registered number: 04664250)



Notes to the Financial Statements

for the year ended 31 March 2024


1.

STATUTORY INFORMATION



Amber Optix 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings- 25% on reducing balance


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.


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.


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.



Amber Optix Limited (Registered number: 04664250)



Notes to the Financial Statements - continued

for the year ended 31 March 2024


2.

ACCOUNTING POLICIES - continued



Cash and cash equivalents


Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.



Distributions to equity holders


Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.



Short term debtors and creditors


Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.



Share capital


Ordinary shares are classed as equity.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2023 - 3 ) .


4.

TANGIBLE FIXED ASSETS


Fixtures,


fittings


and


equipment

£   



COST


At 1 April 2023

46,654




Additions

3,413




Disposals

(603

)



At 31 March 2024

49,464




DEPRECIATION


At 1 April 2023

39,279




Charge for year

2,679




Eliminated on disposal

(532

)



At 31 March 2024

41,426




NET BOOK VALUE


At 31 March 2024

8,038




At 31 March 2023

7,375




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2023

475,156




Revaluations

(4,591

)



At 31 March 2024

470,565




NET BOOK VALUE


At 31 March 2024

470,565




At 31 March 2023

475,156





Amber Optix Limited (Registered number: 04664250)



Notes to the Financial Statements - continued

for the year ended 31 March 2024


5.

INVESTMENT PROPERTY - continued



Fair value at 31 March 2024 is represented by:

£   



Valuation in 2016

408,301




Valuation in 2018

4,000




Valuation in 2019

10,000




Valuation in 2020

17,189




Valuation in 2021

(9,593

)



Valuation in 2022

18,395




Valuation in 2023

26,864




Valuation in 2024

(4,591

)


470,565





The company's investment property is reported at a fair value deemed appropriate by the director, Dr S J Collier.


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

51,816


42,642




Other debtors

29,563


23,919



81,379


66,561




7.

CURRENT ASSET INVESTMENTS

2024

2023


£   

£   



Other investments

733,596


694,419




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Taxation and social security

11,624


37,542




Other creditors

52,264


73,775



63,888


111,317




9.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax

40,153


41,301





Deferred



tax


£   



Balance at 1 April 2023

41,301




Provided during year

(1,148

)



Charge to income statement



Balance at 31 March 2024

40,153




A deferred tax provision has been made in respect of the investment property held at the reporting date. This is to reflect the temporary timing difference of any potential tax liability which may arise as a result of the sale of the investment.

The deferred tax has been calculated on the basis of the substantively enacted rate of corporation tax.



Amber Optix Limited (Registered number: 04664250)



Notes to the Financial Statements - continued

for the year ended 31 March 2024


10.

RESERVES


Retained


Non-distributable



earnings


reserves


Totals

£   

£   

£   




At 1 April 2023

1,460,165


106,601


1,566,766




Profit for the year

65,568


65,568




Dividends

(54,000

)

(54,000

)



Transfer

-


(3,443

)

(3,443

)



Property revaluation

3,443


-


3,443




At 31 March 2024

1,475,176


103,158


1,578,334




Non-distributable reserves hold revaluation gains on the investment property held, net of deferred tax.

11.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES


At the year end the directors are owed £47,878 (2023: £69,404) which is repayable on demand and attracts no interest.


Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Amber Optix Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amber Optix Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.  


This report is made solely to the Board of Directors of Amber Optix Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Amber Optix Limited and state those matters that we have agreed to state to the Board of Directors of Amber Optix Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amber Optix Limited and its Board of Directors, as a body, for our work or for this report.    


It is your duty to ensure that Amber Optix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Amber Optix Limited. You consider that Amber Optix Limited 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 financial statements of Amber Optix Limited. 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 statutory financial statements.  







Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE



27 August 2024