Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10885152 Mr Matthew Ball Mr Lewis Wilde iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10885152 2023-07-31 10885152 2024-07-31 10885152 2023-08-01 2024-07-31 10885152 frs-core:CurrentFinancialInstruments 2024-07-31 10885152 frs-core:Non-currentFinancialInstruments 2024-07-31 10885152 frs-core:BetweenOneFiveYears 2024-07-31 10885152 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10885152 frs-core:MotorVehicles 2024-07-31 10885152 frs-core:MotorVehicles 2023-08-01 2024-07-31 10885152 frs-core:MotorVehicles 2023-07-31 10885152 frs-core:PlantMachinery 2024-07-31 10885152 frs-core:PlantMachinery 2023-08-01 2024-07-31 10885152 frs-core:PlantMachinery 2023-07-31 10885152 frs-core:WithinOneYear 2024-07-31 10885152 frs-core:ShareCapital 2024-07-31 10885152 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10885152 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10885152 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10885152 frs-bus:SmallEntities 2023-08-01 2024-07-31 10885152 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10885152 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10885152 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10885152 frs-bus:OrdinaryShareClass1 2024-07-31 10885152 frs-core:DeferredTaxation 2023-08-01 2024-07-31 10885152 frs-core:DeferredTaxation 2023-07-31 10885152 frs-core:DeferredTaxation 2024-07-31 10885152 frs-bus:Director1 2023-08-01 2024-07-31 10885152 frs-bus:Director2 2023-08-01 2024-07-31 10885152 frs-countries:EnglandWales 2023-08-01 2024-07-31 10885152 2022-07-31 10885152 2023-07-31 10885152 2022-08-01 2023-07-31 10885152 frs-core:CurrentFinancialInstruments 2023-07-31 10885152 frs-core:Non-currentFinancialInstruments 2023-07-31 10885152 frs-core:BetweenOneFiveYears 2023-07-31 10885152 frs-core:WithinOneYear 2023-07-31 10885152 frs-core:ShareCapital 2023-07-31 10885152 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10885152 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31
Registered number: 10885152
Opticore Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Opticore Communications Ltd for the year ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Opticore Communications Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Opticore Communications Ltd , as a body, in accordance with the terms of our engagement letter dated 29 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Opticore Communications Ltd and state those matters that we have agreed to state to the directors of Opticore Communications Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Opticore Communications Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Opticore Communications Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Opticore Communications Ltd . You consider that Opticore Communications Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Opticore Communications Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19th December 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10885152
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 286,318 159,763
286,318 159,763
CURRENT ASSETS
Debtors 5 130,463 226,475
Cash at bank and in hand 106,339 222,068
236,802 448,543
Creditors: Amounts Falling Due Within One Year 6 (241,480 ) (303,855 )
NET CURRENT ASSETS (LIABILITIES) (4,678 ) 144,688
TOTAL ASSETS LESS CURRENT LIABILITIES 281,640 304,451
Creditors: Amounts Falling Due After More Than One Year 7 (126,916 ) (29,910 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (71,579 ) (39,941 )
NET ASSETS 83,145 234,600
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 83,143 234,598
SHAREHOLDERS' FUNDS 83,145 234,600
Page 2
Page 3
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Ball
Director
19th December 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Opticore Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10885152 . The registered office is 4 Worrall Street, Salford, Manchester, M5 4TH.

The companies principle place of business is 6 Worral St, Salford, M5 4TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 4
Page 5
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 21)
14 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 12,110 257,514 269,624
Additions 99,150 91,990 191,140
As at 31 July 2024 111,260 349,504 460,764
Depreciation
As at 1 August 2023 5,571 104,290 109,861
Provided during the period 8,394 56,191 64,585
As at 31 July 2024 13,965 160,481 174,446
Net Book Value
As at 31 July 2024 97,295 189,023 286,318
As at 1 August 2023 6,539 153,224 159,763
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,228 115,891
Other debtors 111,235 110,584
130,463 226,475
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 72,685 -
Trade creditors 5,575 98,943
Bank loans and overdrafts 44,392 50,022
Other creditors 61,669 1,938
Taxation and social security 57,159 152,952
241,480 303,855
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 126,916 -
Bank loans - 29,910
126,916 29,910
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 199,601 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 72,685 -
Later than one year and not later than five years 126,916 -
199,601 -
199,601 -
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 71,579 39,941
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 39,941 39,941
Additions 31,638 31,638
Balance at 31 July 2024 71,579 71,579
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
13. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 6