Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-011No description of principal activity2truefalse 11972814 2023-01-01 2023-12-31 11972814 2022-01-01 2022-12-31 11972814 2023-12-31 11972814 2022-12-31 11972814 c:Director1 2023-01-01 2023-12-31 11972814 d:CurrentFinancialInstruments 2023-12-31 11972814 d:CurrentFinancialInstruments 2022-12-31 11972814 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11972814 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11972814 d:ShareCapital 2023-12-31 11972814 d:ShareCapital 2022-12-31 11972814 d:RetainedEarningsAccumulatedLosses 2023-12-31 11972814 d:RetainedEarningsAccumulatedLosses 2022-12-31 11972814 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11972814 c:OrdinaryShareClass1 2023-12-31 11972814 c:OrdinaryShareClass1 2022-12-31 11972814 c:FRS102 2023-01-01 2023-12-31 11972814 c:Audited 2023-01-01 2023-12-31 11972814 c:FullAccounts 2023-01-01 2023-12-31 11972814 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11972814 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11972814 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 11972814







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


OPTICAL TECHNOLOGIES UK LIMITED






































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OPTICAL TECHNOLOGIES UK LIMITED
REGISTERED NUMBER:11972814



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
38,235
13,855

Cash at bank and in hand
  
25,601
26,189

  
63,836
40,044

Creditors: amounts falling due within one year
 6 
(21,865)
(10,820)

Net current assets
  
 
 
41,971
 
 
29,224

Total assets less current liabilities
  
41,971
29,224

  

Net assets
  
41,971
29,224


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
41,871
29,124

  
41,971
29,224


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 comprehensive income 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 by: 




................................................
Alessandro Ceriani
Director

Date: 29 October 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


OPTICAL TECHNOLOGIES UK LIMITED
 


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

1.


Statutory information

Optical Technologies-UK 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 Company has no UK trading address because everything is conducted remotely and online.
The presentation currency of the financial statements is the Pound Sterling (£).


2.


Statement of compliance

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.

3.Accounting policies

 
3.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
3.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
3.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 


OPTICAL TECHNOLOGIES UK LIMITED
 


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

3.Accounting policies (continued)

 
3.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


4.


Employees

 The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


5.


Debtors

2023
2022
£
£


Trade debtors
5,487
-

Amounts owed by group undertakings
32,748
13,398

Other debtors
-
457

38,235
13,855



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
739
1,167

Corporation tax
4,694
1,928

Other taxation and social security
11,106
2,644

Other creditors
1,176
1,176

Accruals
4,150
3,905

21,865
10,820



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1 each
100
100


Page 3

 


OPTICAL TECHNOLOGIES UK LIMITED
 


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

8.


Parent relationships

The parent undertaking and ultimate holding company is Univet s.r.l. a company incorporated in Italy, at Via Giovanni Prati, 87 25086 Rezzato (BS), Italy. 
Univet s.r.l is the parent undertaking of the smallest and largest group which prepared publicly available consolidated financial statements for the year ended 31st December 2023. Copies of the consolidated financial statements are available from the above address.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 29 October 2024 by James Fox ACA FCCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 4