1 March 2023 false No description of principal activity Taxfiler 2024.6.1 NI629501business:PrivateLimitedCompanyLtd2023-03-012024-02-29 NI6295012023-02-28 NI6295012023-03-012024-02-29 NI629501business:AuditExemptWithAccountantsReport2023-03-012024-02-29 NI629501business:FilletedAccounts2023-03-012024-02-29 NI6295012024-02-29 NI629501business:Director12023-03-012024-02-29 NI629501business:RegisteredOffice2023-03-012024-02-29 NI6295012023-02-28 NI629501core:WithinOneYear2024-02-29 NI629501core:WithinOneYear2023-02-28 NI629501core:AfterOneYear2024-02-29 NI629501core:AfterOneYear2023-02-28 NI629501core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 NI629501core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI629501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 NI629501core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI629501core:PreviouslyStatedAmount2024-02-29 NI629501core:PreviouslyStatedAmount2023-02-28 NI629501business:SmallEntities2023-03-012024-02-29 NI629501countries:NorthernIreland2023-03-012024-02-29 NI629501core:PlantMachinery2023-03-012024-02-29 NI629501core:PlantMachinery2023-02-28 NI629501core:FurnitureFittings2023-02-28 NI629501core:PlantMachinery2024-02-29 NI629501core:FurnitureFittings2024-02-29 NI629501core:FurnitureFittings2023-03-012024-02-29 NI629501business:OrdinaryShareClass12023-03-012024-02-29 NI629501business:OrdinaryShareClass12022-03-012023-02-28 NI6295012022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI629501 (Northern Ireland)
Optimus IT Ltd Unaudited accounts for the year ended 29 February 2024
Optimus IT Ltd Unaudited accounts Contents
Page
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Optimus IT Ltd Company Information for the year ended 29 February 2024
Director
Mr Dale Orr
Company Number
NI629501 (Northern Ireland)
Registered Office
29 Osborne Drive Bangor Co Down BT20 3DH Northern Ireland
Accountants
W F Lemon & Co Ltd 65 Bachelors Walk Lisburn Co. Antrim BT28 1XN
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Optimus IT Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,433 
10,980 
Current assets
Inventories
2,500 
2,000 
Cash at bank and in hand
890 
11,343 
3,390 
13,343 
Creditors: amounts falling due within one year
4,972 
8,914 
Net current assets
8,362 
22,257 
Total assets less current liabilities
18,795 
33,237 
Creditors: amounts falling due after more than one year
(26,422)
(29,792)
Provisions for liabilities
Deferred tax
(1,981)
(1,696)
Net (liabilities)/assets
(9,608)
1,749 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(9,609)
1,748 
Shareholders' funds
(9,608)
1,749 
For the year ending 29 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Mr Dale Orr Director Company Registration No. NI629501
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Optimus IT Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Optimus IT Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI629501. The registered office is 29 Osborne Drive, Bangor, Co Down, BT20 3DH, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
12,673 
2,782 
15,455 
At 29 February 2024
12,673 
2,782 
15,455 
Depreciation
At 1 March 2023
3,740 
735 
4,475 
Charge for the year
445 
102 
547 
At 29 February 2024
4,185 
837 
5,022 
Net book value
At 29 February 2024
8,488 
1,945 
10,433 
At 28 February 2023
8,933 
2,047 
10,980 
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Optimus IT Ltd Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,203 
- 
Loans from directors
(8,175)
(8,914)
(4,972)
(8,914)
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,297 
9,970 
Trade creditors
1,533 
1,427 
Taxes and social security
19,592 
18,395 
26,422 
29,792 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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