Registered number
14638827
OPTIX X LTD
Filleted Accounts
28 February 2025
OPTIX X LTD
Registered number: 14638827
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 1,305 -
Cash at bank and in hand 4,017 4,209
5,322 4,209
Creditors: amounts falling due within one year 4 (4,129) (3,434)
Net current assets 1,193 775
Total assets less current liabilities 1,193 775
Creditors: amounts falling due after more than one year 5 (64) 4,000
Net assets 1,129 4,775
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,128 4,774
Shareholders' funds 1,129 4,775
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sadeeqa Nawaz
Director
Approved by the board on 26 March 2025
OPTIX X LTD
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Debtors
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.
Creditors
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2025 2024
£ £
Trade debtors 1,305 -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 3,601 3,084
Other creditors 528 350
4,129 3,434
5 Creditors: amounts falling due after one year 2025 2024
£ £
Directors Loan 64 (4,000)
6 Controlling party
The company is under the full control of the Director, by virtue of them owning the fully issued share capital.
7 Other information
OPTIX X LTD is a private company limited by shares and incorporated in England. Its registered office is:
16 BEECH ROAD
MANCHESTER
M21 8BQ
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