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REGISTERED NUMBER: 03907489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Optis Europe Limited

Optis Europe Limited (Registered number: 03907489)






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


Optis Europe Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A D Canning
J Regan





REGISTERED OFFICE: Europarc Innovation Centre
Innovation Way
Europarc
Grimsby
North East Lincs
DN37 9TT





REGISTERED NUMBER: 03907489 (England and Wales)






Optis Europe Limited (Registered number: 03907489)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,522 15,362
Tangible assets 5 5,227 5,679
16,749 21,041

CURRENT ASSETS
Debtors 6 192,411 251,209
Cash at bank and in hand 122,636 369,683
315,047 620,892
CREDITORS
Amounts falling due within one year 7 71,036 115,371
NET CURRENT ASSETS 244,011 505,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,760

526,562

PROVISIONS FOR LIABILITIES 4,092 5,170
NET ASSETS 256,668 521,392

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 253,668 518,392
SHAREHOLDERS' FUNDS 256,668 521,392

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.

Optis Europe Limited (Registered number: 03907489)

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





A D Canning - Director


Optis Europe Limited (Registered number: 03907489)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Optis Europe 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.

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Optis Europe Limited (Registered number: 03907489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 19,203
AMORTISATION
At 1 April 2023 3,841
Charge for year 3,840
At 31 March 2024 7,681
NET BOOK VALUE
At 31 March 2024 11,522
At 31 March 2023 15,362

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 90,048
Additions 2,818
At 31 March 2024 92,866
DEPRECIATION
At 1 April 2023 84,369
Charge for year 3,270
At 31 March 2024 87,639
NET BOOK VALUE
At 31 March 2024 5,227
At 31 March 2023 5,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 145,832 229,765
Other debtors 46,579 21,444
192,411 251,209

Optis Europe Limited (Registered number: 03907489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 42,221 32,519
Taxation and social security 17,658 67,246
Other creditors 11,157 15,606
71,036 115,371

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.