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REGISTERED NUMBER: 11028126 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Optic-Mi Ltd

Optic-Mi Ltd (Registered number: 11028126)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Optic-Mi Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms L Calderbank
Ms M Calderbank
P Ramsey
Ms C Sharp





REGISTERED OFFICE: Carpenter Court
1 Maple Road
Bramhall
Stockport
Cheshire
SK7 2DH





REGISTERED NUMBER: 11028126 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Optic-Mi Ltd (Registered number: 11028126)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 25,556 -
Tangible assets 5 173 340
25,729 340

CURRENT ASSETS
Debtors 6 26,706 26,568
Cash at bank 27,105 59,128
53,811 85,696
CREDITORS
Amounts falling due within one year 7 1,590 11,234
NET CURRENT ASSETS 52,221 74,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,950

74,802

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (22,050 ) (25,198 )
77,950 74,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Optic-Mi Ltd (Registered number: 11028126)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Ms L Calderbank - Director


Optic-Mi Ltd (Registered number: 11028126)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Optic-Mi Ltd 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Optic-Mi Ltd (Registered number: 11028126)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 25,556
At 31 October 2024 25,556
NET BOOK VALUE
At 31 October 2024 25,556

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023
and 31 October 2024 507
DEPRECIATION
At 1 November 2023 167
Charge for year 167
At 31 October 2024 334
NET BOOK VALUE
At 31 October 2024 173
At 31 October 2023 340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors - 1,568
Other debtors 26,706 25,000
26,706 26,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade creditors 150 -
Taxation and social security - 1,592
Other creditors 1,440 9,642
1,590 11,234

Optic-Mi Ltd (Registered number: 11028126)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. RELATED PARTY DISCLOSURES

During the year, Optic-Mi Ltd received invoices for software development from Assist Solutions Limited for £30,956. The companies are related by common director.