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Company Registration No. 14455796 (England and Wales)
Optic Networx Solutions LTD Unaudited accounts for the year ended 30 November 2024
Optic Networx Solutions LTD Unaudited accounts Contents
Page
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Optic Networx Solutions LTD Company Information for the year ended 30 November 2024
Director
Lee Fearnley
Company Number
14455796 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Optic Networx Solutions LTD Accountants' report
Accountants' report to the director of Optic Networx Solutions LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Optic Networx Solutions LTD for the year ended 30 November 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Optic Networx Solutions LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Optic Networx Solutions LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optic Networx Solutions LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Optic Networx Solutions LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Optic Networx Solutions LTD. You consider that Optic Networx Solutions LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Optic Networx Solutions LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 13 December 2024
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Optic Networx Solutions LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,674 
18,074 
Current assets
Debtors
14,700 
2,400 
Cash at bank and in hand
29,032 
36,139 
43,732 
38,539 
Creditors: amounts falling due within one year
(28,099)
(32,306)
Net current assets
15,633 
6,233 
Net assets
30,307 
24,307 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,306 
24,306 
Shareholders' funds
30,307 
24,307 
For the year ending 30 November 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 13 December 2024 and were signed on its behalf by
Lee Fearnley Director Company Registration No. 14455796
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Optic Networx Solutions LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Optic Networx Solutions LTD is a private company, limited by shares, registered in England and Wales, registration number 14455796. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
20,995 
1,307 
22,302 
Additions
- 
1,341 
1,341 
At 30 November 2024
20,995 
2,648 
23,643 
Depreciation
At 1 December 2023
4,098 
130 
4,228 
Charge for the year
4,224 
517 
4,741 
At 30 November 2024
8,322 
647 
8,969 
Net book value
At 30 November 2024
12,673 
2,001 
14,674 
At 30 November 2023
16,897 
1,177 
18,074 
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Optic Networx Solutions LTD Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,400 
2,100 
Other debtors
300 
300 
14,700 
2,400 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,469 
3,972 
Taxes and social security
14,169 
1,736 
Other creditors
- 
1,042 
Loans from directors
7,650 
24,136 
Accruals
811 
1,420 
28,099 
32,306 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Fearnley
Director Loan Account
(24,136)
(11,276)
(27,762)
(7,650)
(24,136)
(11,276)
(27,762)
(7,650)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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