PTP Accounts Production v22.1.2.16 03833710 director 1.9.22 31.8.23 31.8.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038337102022-08-31038337102023-08-31038337102022-09-012023-08-31038337102021-08-31038337102021-09-012022-08-31038337102022-08-3103833710ns15:PoundSterling2022-09-012023-08-3103833710ns11:Director12022-09-012023-08-3103833710ns11:PrivateLimitedCompanyLtd2022-09-012023-08-3103833710ns11:SmallEntities2022-09-012023-08-3103833710ns11:AuditExempt-NoAccountantsReport2022-09-012023-08-3103833710ns11:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103833710ns11:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103833710ns11:FullAccounts2022-09-012023-08-310383371012022-09-012023-08-3103833710ns11:RegisteredOffice2022-09-012023-08-3103833710ns6:CurrentFinancialInstruments2023-08-3103833710ns6:CurrentFinancialInstruments2022-08-3103833710ns6:Non-currentFinancialInstruments2023-08-3103833710ns6:Non-currentFinancialInstruments2022-08-3103833710ns6:ShareCapital2023-08-3103833710ns6:ShareCapital2022-08-3103833710ns6:RetainedEarningsAccumulatedLosses2023-08-3103833710ns6:RetainedEarningsAccumulatedLosses2022-08-3103833710ns6:NetGoodwill2022-09-012023-08-3103833710ns6:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3103833710ns6:NetGoodwill2022-08-3103833710ns6:NetGoodwill2023-08-3103833710ns6:NetGoodwill2022-08-3103833710ns6:LandBuildings2022-08-3103833710ns6:PlantMachinery2022-08-3103833710ns6:LandBuildings2022-09-012023-08-3103833710ns6:PlantMachinery2022-09-012023-08-3103833710ns6:LandBuildings2023-08-3103833710ns6:PlantMachinery2023-08-3103833710ns6:LandBuildings2022-08-3103833710ns6:PlantMachinery2022-08-3103833710ns6:WithinOneYearns6:CurrentFinancialInstruments2023-08-3103833710ns6:WithinOneYearns6:CurrentFinancialInstruments2022-08-3103833710ns6:RetainedEarningsAccumulatedLosses2022-08-3103833710ns6:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 03833710















Unaudited Financial Statements for the Year Ended 31 August 2023

for

OPTICHEM (UK) LTD

OPTICHEM (UK) LTD (Registered number: 03833710)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTICHEM (UK) LTD

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R K Chopra





REGISTERED OFFICE: 9 Higher Road
Huntscross
Liverpool
Merseyside
L25 0QG





REGISTERED NUMBER: 03833710





ACCOUNTANTS: Shahabuddin & Co Ltd
Chartered Accountants
Lombard Chambers
Ormond Street
Liverpool
Merseyside
L3 9NA

OPTICHEM (UK) LTD (Registered number: 03833710)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 214,448 222,774
Investment property 6 12,060 12,060
226,509 234,835

CURRENT ASSETS
Inventories 81,837 69,444
Debtors 7 193,259 153,940
Cash at bank and in hand 109,147 30,427
384,243 253,811
CREDITORS
Amounts falling due within one year 8 492,876 366,747
NET CURRENT LIABILITIES (108,633 ) (112,936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,876

121,899

CREDITORS
Amounts falling due after more than
one year

9

28,116

37,872
NET ASSETS 89,760 84,027

OPTICHEM (UK) LTD (Registered number: 03833710)

Balance Sheet - continued
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 89,660 83,927
SHAREHOLDERS' FUNDS 89,760 84,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2024 and were signed by:





R K Chopra - Director


OPTICHEM (UK) LTD (Registered number: 03833710)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

OPTICHEM (UK) LTD is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

OPTICHEM (UK) LTD (Registered number: 03833710)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 38,559
AMORTISATION
At 1 September 2022
and 31 August 2023 38,558
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 225,172 349,212 574,384
Additions - 12,645 12,645
At 31 August 2023 225,172 361,857 587,029
DEPRECIATION
At 1 September 2022 80,667 270,943 351,610
Charge for year - 20,971 20,971
At 31 August 2023 80,667 291,914 372,581
NET BOOK VALUE
At 31 August 2023 144,505 69,943 214,448
At 31 August 2022 144,505 78,269 222,774

OPTICHEM (UK) LTD (Registered number: 03833710)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 12,060
NET BOOK VALUE
At 31 August 2023 12,060
At 31 August 2022 12,060

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/8/23 31/8/22
£    £   
Trade debtors 164,778 127,919
Other debtors 28,481 26,021
193,259 153,940

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31/8/23 31/8/22
£    £   
Trade creditors 256,806 171,113
Taxation and social security 3,462 3,372
Other creditors 232,608 192,262
492,876 366,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31/8/23 31/8/22
£    £   
Other creditors 28,116 37,872

OPTICHEM (UK) LTD (Registered number: 03833710)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. RESERVES
Retained
earnings
£   

At 1 September 2022 83,927
Profit for the year 12,233
Dividends (6,500 )
At 31 August 2023 89,660