Company Registration No. NI629501 (Northern Ireland)
Optimus IT Ltd
Unaudited accounts
for the year ended 29 February 2024
Optimus IT Ltd
Unaudited accounts
Contents
Optimus IT Ltd
Company Information
for the year ended 29 February 2024
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
Optimus IT Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
10,433
10,980
Cash at bank and in hand
890
11,343
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
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
Optimus IT Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 29 February 2024
8,488
1,945
10,433
At 28 February 2023
8,933
2,047
10,980
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)
6
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
1,533
1,427
Taxes and social security
19,592
18,395
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).