Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseDesign and production of optical security devices2023-01-0100truetrue 03386873 2023-01-01 2023-12-31 03386873 2022-01-01 2022-12-31 03386873 2023-12-31 03386873 2022-12-31 03386873 c:Director1 2023-01-01 2023-12-31 03386873 d:PlantMachinery 2023-01-01 2023-12-31 03386873 d:PlantMachinery 2023-12-31 03386873 d:PlantMachinery 2022-12-31 03386873 d:ComputerEquipment 2023-01-01 2023-12-31 03386873 d:OtherPropertyPlantEquipment 2023-12-31 03386873 d:OtherPropertyPlantEquipment 2022-12-31 03386873 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 03386873 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 03386873 d:CurrentFinancialInstruments 2023-12-31 03386873 d:CurrentFinancialInstruments 2022-12-31 03386873 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03386873 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03386873 d:ShareCapital 2023-12-31 03386873 d:ShareCapital 2022-12-31 03386873 d:RetainedEarningsAccumulatedLosses 2023-12-31 03386873 d:RetainedEarningsAccumulatedLosses 2022-12-31 03386873 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 03386873 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 03386873 c:FRS102 2023-01-01 2023-12-31 03386873 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03386873 c:FullAccounts 2023-01-01 2023-12-31 03386873 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03386873









OPTAGLIO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OPTAGLIO LIMITED
REGISTERED NUMBER: 03386873

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
83,167
83,797

Cash at bank and in hand
 7 
42,803
42,803

  
125,970
126,600

Creditors: amounts falling due within one year
 8 
(660)
(630)

Net current assets
  
 
 
125,310
 
 
125,970

Total assets less current liabilities
  
125,310
125,970

  

Net assets
  
125,310
125,970


Capital and reserves
  

Called up share capital 
  
135,000
135,000

Profit and loss account
  
(9,690)
(9,030)

  
125,310
125,970


Page 1

 
OPTAGLIO LIMITED
REGISTERED NUMBER: 03386873
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 on 22 October 2024.





................................................
V Zhukov
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Optaglio Limited is a private company, incorporated in England, limited by share capital. The principal activity of the company throughout the year was that of design and production of optical security devices and holograms for various purposes including tax stamps, ID cards and brand protections products.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% - 33% straight line
Computer equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Patents

£



Cost


At 1 January 2023
678,429



At 31 December 2023

678,429



Amortisation


At 1 January 2023
678,429



At 31 December 2023

678,429



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 5

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2023
11,015
3,652
14,667



At 31 December 2023

11,015
3,652
14,667



Depreciation


At 1 January 2023
11,015
3,652
14,667



At 31 December 2023

11,015
3,652
14,667



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
-
-

Page 6

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
83,167
83,797

83,167
83,797



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
42,803
42,803

42,803
42,803



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
660
630

660
630



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
42,803
42,803




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Related party transactions

The company is a subsidiary of Optaglio AS.  An amount of £83,167 was due from this company at the year end (2022 - £83,797).

Page 7

 
OPTAGLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Controlling party

The company is controlled by Optaglio AS, by virtue of its majority shareholding.

 
Page 8