Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11255211 Mr Matthew Beattie Mr Alistair Catto Mr Matthew Neill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11255211 2023-03-31 11255211 2024-03-31 11255211 2023-04-01 2024-03-31 11255211 frs-core:CurrentFinancialInstruments 2024-03-31 11255211 frs-core:Non-currentFinancialInstruments 2024-03-31 11255211 frs-core:ComputerEquipment 2024-03-31 11255211 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11255211 frs-core:ComputerEquipment 2023-03-31 11255211 frs-core:FurnitureFittings 2024-03-31 11255211 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11255211 frs-core:FurnitureFittings 2023-03-31 11255211 frs-core:ShareCapital 2024-03-31 11255211 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11255211 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11255211 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11255211 frs-bus:SmallEntities 2023-04-01 2024-03-31 11255211 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11255211 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11255211 frs-bus:Director1 2023-04-01 2024-03-31 11255211 frs-bus:Director2 2023-04-01 2024-03-31 11255211 frs-bus:Director3 2023-04-01 2024-03-31 11255211 1 2023-04-01 2024-03-31 11255211 frs-countries:EnglandWales 2023-04-01 2024-03-31 11255211 2022-03-31 11255211 2023-03-31 11255211 2022-04-01 2023-03-31 11255211 frs-core:CurrentFinancialInstruments 2023-03-31 11255211 frs-core:Non-currentFinancialInstruments 2023-03-31 11255211 frs-core:ShareCapital 2023-03-31 11255211 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11255211 1 2022-04-01 2023-03-31
Registered number: 11255211
Optechs Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11255211
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,777 11,031
14,777 11,031
CURRENT ASSETS
Debtors 5 850,710 1,124,035
Cash at bank and in hand 4,964,724 2,547,575
5,815,434 3,671,610
Creditors: Amounts Falling Due Within One Year 6 (1,133,618 ) (970,647 )
NET CURRENT ASSETS (LIABILITIES) 4,681,816 2,700,963
TOTAL ASSETS LESS CURRENT LIABILITIES 4,696,593 2,711,994
Creditors: Amounts Falling Due After More Than One Year 7 (79,622 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) (2,000 )
NET ASSETS 4,612,971 2,709,994
CAPITAL AND RESERVES
Called up share capital 90 90
Profit and Loss Account 4,612,881 2,709,904
SHAREHOLDERS' FUNDS 4,612,971 2,709,994
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Matthew Beattie
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Optechs Services Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 11255211 . The registered office is 128 City Road, London, England, EC1V 2NX.
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 value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Office equipment 20% straight line
Computer equipment 3 years straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax 
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 11 5
11 5
4. Tangible Assets
Office equipment Computer equipment Total
£ £ £
Cost
As at 1 April 2023 1,481 15,772 17,253
Additions 435 9,637 10,072
As at 31 March 2024 1,916 25,409 27,325
Depreciation
As at 1 April 2023 4 6,218 6,222
Provided during the period 324 6,002 6,326
As at 31 March 2024 328 12,220 12,548
Net Book Value
As at 31 March 2024 1,588 13,189 14,777
As at 1 April 2023 1,477 9,554 11,031
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 687,118 756,233
Other debtors 163,592 367,802
850,710 1,124,035
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 264,113 525,816
Other creditors 13,128 4,646
Taxation and social security 856,377 440,185
1,133,618 970,647
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 79,622 -
Page 5