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Registered number: 12335241
OPTO-E TECH LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
LABAIT PROFESSIONALS LIMITED
Institute of Financial Accountants
Unit 1
17 Castle Street
Chester
England
CH1 2DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12335241
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 275 458
275 458
CURRENT ASSETS
Debtors 5 52,632 91,305
Cash at bank and in hand 2,113 18,780
54,745 110,085
Creditors: Amounts Falling Due Within One Year 6 (43,616 ) (36,193 )
NET CURRENT ASSETS (LIABILITIES) 11,129 73,892
TOTAL ASSETS LESS CURRENT LIABILITIES 11,404 74,350
NET ASSETS 11,404 74,350
CAPITAL AND RESERVES
Called up share capital 7 150,000 150,000
Profit and Loss Account (138,596 ) (75,650 )
SHAREHOLDERS' FUNDS 11,404 74,350
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms QIONG XU
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
OPTO-E TECH LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12335241 . The registered office is Room 106, 128 Webber Street, London, SE1 0QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balance, and initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instrument are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.  Amounts payable are classified as current liabilities if payment is due within one year or less.  If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 732
As at 30 November 2023 732
Depreciation
As at 1 December 2022 274
Provided during the period 183
As at 30 November 2023 457
Net Book Value
As at 30 November 2023 275
As at 1 December 2022 458
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,210 -
Prepayments and accrued income 491 400
Other debtors - 8,000
VAT - 2,974
Called up share capital not paid 38,931 79,931
52,632 91,305
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,979 -
VAT 96 -
Net wages 33,878 33,878
Other creditors 1,677 31
Accruals and deferred income 1,986 2,284
43,616 36,193
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 38,931 79,931
Called Up Share Capital has been paid up 111,069 70,069
Amount of Allotted, Called Up Share Capital 150,000 150,000
SHANGHAI UNSILIVER TECHNOLOGY LTD holds 100% shares, valued at £150,000, £1 par value of OPTO-E TECH LIMITED on 30 November 2022. 
SHANGHAI UNSILIVER TECHNOLOGY LTD was established in China. The company registered address is 2202 391-A-2202 GUIPING ROAD, XUHUI DISTRICT, SHANGHAI, CHINA.
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