IRIS Accounts Production v24.3.0.553 04658401 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046584012023-02-28046584012024-02-29046584012023-03-012024-02-29046584012022-02-28046584012022-03-012023-02-28046584012023-02-2804658401ns15:EnglandWales2023-03-012024-02-2904658401ns14:PoundSterling2023-03-012024-02-2904658401ns10:Director12023-03-012024-02-2904658401ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904658401ns10:SmallEntities2023-03-012024-02-2904658401ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904658401ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904658401ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904658401ns10:FullAccounts2023-03-012024-02-290465840112023-03-012024-02-2904658401ns10:CompanySecretary12023-03-012024-02-2904658401ns10:RegisteredOffice2023-03-012024-02-2904658401ns5:CurrentFinancialInstruments2023-02-2804658401ns5:CurrentFinancialInstruments2024-02-2904658401ns5:Non-currentFinancialInstruments2023-02-2804658401ns5:Non-currentFinancialInstruments2024-02-2904658401ns5:ShareCapital2023-02-2804658401ns5:ShareCapital2024-02-2904658401ns5:RetainedEarningsAccumulatedLosses2023-02-2804658401ns5:RetainedEarningsAccumulatedLosses2024-02-2904658401ns5:NetGoodwill2023-03-012024-02-2904658401ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2904658401ns5:PlantMachinery2023-03-012024-02-2904658401ns5:NetGoodwill2023-02-2804658401ns5:NetGoodwill2024-02-2904658401ns5:NetGoodwill2023-02-2804658401ns5:PlantMachinery2023-02-2804658401ns5:PlantMachinery2024-02-2904658401ns5:PlantMachinery2023-02-2804658401ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904658401ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2804658401ns5:Secured2024-02-2904658401ns5:Secured2023-02-28
REGISTERED NUMBER: 04658401 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

OPTIONANALYSIS LTD

OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTIONANALYSIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr C M Wheeler





SECRETARY: Mrs D Wheeler





REGISTERED OFFICE: Ashlea
Trent Road
Stone
Staffordshire
ST15 8LE





REGISTERED NUMBER: 04658401 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)

BALANCE SHEET
29 FEBRUARY 2024

28/2/23 29/2/24
£    Notes £   
FIXED ASSETS
- Intangible assets 4 -
184 Tangible assets 5 317
184 317

CURRENT ASSETS
42,588 Debtors 6 42,697

CREDITORS
(5,983 ) Amounts falling due within one year 7 (5,491 )
36,605 NET CURRENT ASSETS 37,206
36,789 TOTAL ASSETS LESS CURRENT
LIABILITIES

37,523

CREDITORS
(57,374 ) Amounts falling due after more than one year 8 (55,867 )
(20,585 ) NET LIABILITIES (18,344 )

CAPITAL AND RESERVES
2 Called up share capital 2
(20,587 ) Retained earnings (18,346 )
(20,585 ) SHAREHOLDERS' FUNDS (18,344 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr C M Wheeler - Director


OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

OptionAnalysis Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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.

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 - 33% on cost and 15% on reducing balance

Franchise
Franchise, being the amount paid in connection with the acquisition of a franchise from Auditel Limited in 2004, is being written off evenly over its estimated useful life of five years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023
and 29 February 2024 12,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 5,453
Additions 235
At 29 February 2024 5,688
DEPRECIATION
At 1 March 2023 5,269
Charge for year 102
At 29 February 2024 5,371
NET BOOK VALUE
At 29 February 2024 317
At 28 February 2023 184

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 42,312 41,978
Other debtors 385 610
42,697 42,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 4,825 4,884
Trade creditors 105 331
Taxation and social security 561 768
5,491 5,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans 2,545 3,632
Other creditors 53,322 53,742
55,867 57,374

OPTIONANALYSIS LTD (REGISTERED NUMBER: 04658401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank overdrafts 4,825 4,884

The bank overdraft is secured by the personal guarantee of the director.