OPTIVITY LIMITED

Company Registration Number:
03785590 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

OPTIVITY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

OPTIVITY LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,358 9,670
Total fixed assets: 7,358 9,670
Current assets
Stocks: 200 200
Debtors:   315,453 166,212
Cash at bank and in hand: 1,337,246 1,194,355
Total current assets: 1,652,899 1,360,767
Creditors: amounts falling due within one year:   (252,720) (311,165)
Net current assets (liabilities): 1,400,179 1,049,602
Total assets less current liabilities: 1,407,537 1,059,272
Total net assets (liabilities): 1,407,537 1,059,272
Capital and reserves
Called up share capital: 500 500
Profit and loss account: 1,407,037 1,058,772
Shareholders funds: 1,407,537 1,059,272

The notes form part of these financial statements

OPTIVITY LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 March 2025
and signed on behalf of the board by:

Name: Vincenzo Mignacca
Status: Director

The notes form part of these financial statements

OPTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% reducing balance Computer equipment - straightline over 3 years

OPTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 13 14

OPTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 85,677
Additions 100
At 30 June 2024 85,777
Depreciation
At 01 July 2023 76,007
Charge for year 2,412
At 30 June 2024 78,419
Net book value
At 30 June 2024 7,358
At 30 June 2023 9,670

OPTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Post balance sheet events

On the 5th of August 2024 the entire share capital of Optivity Limited was purchased by Redsquid Communications Ltd