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OPTELLUM LTD

Registered Number
09846477
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

OPTELLUM LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BRADY, John Michael, Sir
HANCOCK, Zoe Julie Clare
JOHNSON, Stephen Russell
POTESIL, Vaclav, Dr.
TILLMANN, Michael
WATKINS, Johnathan Angeles, Dr
IQ CAPITAL DIRECTORS NOMINEE LTD

Registered Address

Oxford Centre For Innovation
New Road
Oxford
OX1 1BY

Registered Number

09846477 (England and Wales)
OPTELLUM LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets333,13644,705
Investments43,9633,963
37,09948,668
Current assets
Debtors52,223,8031,869,037
Cash at bank and on hand3,527,2767,085,914
5,751,0798,954,951
Creditors amounts falling due within one year6(642,418)(287,561)
Net current assets (liabilities)5,108,6618,667,390
Total assets less current liabilities5,145,7608,716,058
Net assets5,145,7608,716,058
Capital and reserves
Called up share capital415413
Share premium18,434,62318,434,623
Profit and loss account(13,289,278)(9,718,978)
Shareholders' funds5,145,7608,716,058
The financial statements were approved and authorised for issue by the Board of Directors on 20 February 2025, and are signed on its behalf by:
WATKINS, Johnathan Angeles, Dr
Director
Registered Company No. 09846477
OPTELLUM LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year3532
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 July 231,599133,172134,771
Additions1,02812,29313,321
At 30 June 242,627145,465148,092
Depreciation and impairment
At 01 July 231,44888,61890,066
Charge for year24524,64524,890
At 30 June 241,693113,263114,956
Net book value
At 30 June 2493432,20233,136
At 30 June 2315144,55444,705
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 July 233,9633,963
At 30 June 243,9633,963
Net book value
At 30 June 243,9633,963
At 30 June 233,9633,963

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables126,688311,858
Other debtors2,021,0381,542,276
Prepayments and accrued income76,07714,903
Total2,223,8031,869,037
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables153,282118,516
Other creditors104,48794,241
Accrued liabilities and deferred income384,64974,804
Total642,418287,561
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.