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Registration number: 10948546

Optimus Navis Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Optimus Navis Consultants Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Optimus Navis Consultants Limited

Company Information

Directors

Mr MG Smith ACA

Mr A McIlroy

Company secretary

Mr MG Smith ACA

Registered office

11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP

Accountants

M.J. Smith & Co Limited
Chartered Accountants
11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP

 

Optimus Navis Consultants Limited

(Registration number: 10948546)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

fixed assets

 

Other financial assets

6

107,298

107,298

Current assets

 

Debtors

7

100

100

Cash at bank and in hand

 

248

36

 

348

136

Creditors: Amounts falling due within one year

8

(112,527)

(109,907)

Net current liabilities

 

(112,179)

(109,771)

Net liabilities

 

(4,881)

(2,473)

capital and reserves

 

Called up share capital

100

100

Profit and loss account

(4,981)

(2,573)

Total equity

 

(4,881)

(2,473)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mr A McIlroy
Director

 

Optimus Navis Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Yeo Business Park
Axehayes Farm Clyst St Mary
Exeter
Devon
EX5 1DP
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Optimus Navis Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

5

Taxation on profits on ordinary activities

Note

2023
£

2022
 £

Tax reconciliation

 

 

-

-

 

Optimus Navis Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2022

107,298

107,298

At 31 October 2023

107,298

107,298

Impairment

Carrying amount

At 31 October 2023

107,298

107,298

7

Debtors

Current

2023
£

2022
£

Other debtors

100

100

 

100

100

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

-

733

Other creditors

103,531

100,178

Director's current account

8,996

8,996

112,527

109,907