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REGISTERED NUMBER: 06751616 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 December 2024

for

The Optoelectronics Company Limited

The Optoelectronics Company Limited (Registered number: 06751616)

Contents of the Financial Statements
For The Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Optoelectronics Company Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: A B Pope
D A Cookman





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 06751616 (England and Wales)





ACCOUNTANTS: GAATS LTD
20-22 Wenlock Road
London
N1 7GU

The Optoelectronics Company Limited (Registered number: 06751616)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,836 5,535

CURRENT ASSETS
Stocks 75,020 101,468
Debtors 5 35,129 35,721
Cash at bank and in hand 66,973 126,755
177,122 263,944
CREDITORS
Amounts falling due within one year 6 49,128 80,626
NET CURRENT ASSETS 127,994 183,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,830

188,853

PROVISIONS FOR LIABILITIES 7 1,966 1,052
NET ASSETS 132,864 187,801

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 132,862 187,799
SHAREHOLDERS' FUNDS 132,864 187,801

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

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



A B Pope - Director


The Optoelectronics Company Limited (Registered number: 06751616)

Notes to the Financial Statements
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

The Optoelectronics Company Limited 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The Optoelectronics Company Limited (Registered number: 06751616)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

The Optoelectronics Company Limited (Registered number: 06751616)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 1,887 16,705 18,592
Additions 1,502 3,901 5,403
Disposals - (6,422 ) (6,422 )
At 31 December 2024 3,389 14,184 17,573
DEPRECIATION
At 1 January 2024 1,745 11,312 13,057
Charge for year 411 2,324 2,735
Eliminated on disposal - (5,055 ) (5,055 )
At 31 December 2024 2,156 8,581 10,737
NET BOOK VALUE
At 31 December 2024 1,233 5,603 6,836
At 31 December 2023 142 5,393 5,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 35,129 35,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,150 29,284
Taxation and social security 37,035 49,499
Other creditors 1,943 1,843
49,128 80,626

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 1,966 1,052

Deferred
tax
£   
Balance at 1 January 2024 1,052
Provided during year 914
Balance at 31 December 2024 1,966

The Optoelectronics Company Limited (Registered number: 06751616)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2