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REGISTERED NUMBER: 03275605 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

OPTICAL SUPPORT LIMITED

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPTICAL SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: C B Edwards





SECRETARY: Ms D Reynolds





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 03275605 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 13,049 22,262
Tangible assets 5 194,683 272,896
Investments 6 2,656 -
210,388 295,158

CURRENT ASSETS
Stocks 302,436 192,029
Debtors 7 442,772 416,987
Cash at bank 109,682 168,048
854,890 777,064
CREDITORS
Amounts falling due within one year 8 541,371 462,423
NET CURRENT ASSETS 313,519 314,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,907

609,799

CREDITORS
Amounts falling due after more than one
year

9

(390,539

)

(547,044

)

PROVISIONS FOR LIABILITIES (30,525 ) (38,056 )
NET ASSETS 102,843 24,699

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 102,543 24,399
SHAREHOLDERS' FUNDS 102,843 24,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd May 2024 and were signed by:





C B Edwards - Director


OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Optical Support 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Optical Support Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, having taken into consideration any anticipated residual value.

Plant and machinery etc - 33.33% on cost, 25% on cost, 20% on cost, 10% on cost and 5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Research and development
Expenditure on research and development, including items of a capital nature, is written off in the year in which it is incurred.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated in accordance with the relevant fixed asset accounting policy. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for its directors and employees. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st December 2022
and 30th November 2023 36,850
AMORTISATION
At 1st December 2022 14,588
Charge for year 9,213
At 30th November 2023 23,801
NET BOOK VALUE
At 30th November 2023 13,049
At 30th November 2022 22,262

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st December 2022 174,761 824,759 141,940 22,621 1,164,081
Additions - 35,300 1,252 20,700 57,252
Disposals - (570,400 ) (65,166 ) (22,621 ) (658,187 )
At 30th November 2023 174,761 289,659 78,026 20,700 563,146
DEPRECIATION
At 1st December 2022 44,043 719,295 105,226 22,621 891,185
Charge for year 33,859 2,560 13,608 5,175 55,202
Eliminated on disposal - (491,875 ) (63,428 ) (22,621 ) (577,924 )
At 30th November 2023 77,902 229,980 55,406 5,175 368,463
NET BOOK VALUE
At 30th November 2023 96,859 59,679 22,620 15,525 194,683
At 30th November 2022 130,718 105,464 36,714 - 272,896

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st December 2022
and 30th November 2023 2,656
NET BOOK VALUE
At 30th November 2023 2,656
At 30th November 2022 2,656

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 195,796 67,345
Amounts owed by group undertakings 29,963 -
Other debtors 217,013 349,642
442,772 416,987

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 163,334 163,334
Finance leases (see note 10) 32,049 11,105
Trade creditors 299,107 219,007
Taxation and social security 30,064 40,753
Other creditors 16,817 28,224
541,371 462,423

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 348,889 512,222
Finance leases (see note 10) 41,650 34,822
390,539 547,044

OPTICAL SUPPORT LIMITED (REGISTERED NUMBER: 03275605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£ £
Net obligations repayable:
Within one year 32,049 11,105
Between one and five years 41,650 34,822
73,699 45,927

Non-cancellable
operating leases
2023 2022
£ £
Within one year 57,733 57,733
Between one and five years 230,932 61,341
In more than five years 147,941 -
436,606 119,074

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£ £
C B Edwards
Balance outstanding at start of year 160,897 60,330
Amounts advanced 35,315 154,110
Amounts repaid (98,113 ) (53,543 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,099 160,897

12. GROUP UNDERTAKINGS

Group undertakings are OS Products BV and Optical Support Products SL.

The registered office of OS Products BV is Schaafstraat 28D, 1021KE, Amsterdam, Netherlands and the nature of the business is selling, repairing and hiring of photographic equipment.

The registered office of Optical Support Products SL is Calle Deportista Manuel Suarez 11, Flat 3C, Alicante, 03006, Spain and the nature of the business is selling, repairing and hiring of photographic equipment.