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COMPANY REGISTRATION NUMBER: 03059398
OPTRYS LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 May 2024
OPTRYS LIMITED
FINANCIAL STATEMENTS
Year ended 31 May 2024
Contents
Page
Director's report
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
OPTRYS LIMITED
DIRECTOR'S REPORT
Year ended 31 May 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 May 2024 .
Director
The director who served the company during the year was as follows:
Mr M Perriton
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 5 June 2025 and signed on behalf of the board by:
Mr M Perriton
Director
Registered office:
13 Victoria Road
Cambridge
CB4 3BW
OPTRYS LIMITED
CHARTERED ACCOUNTANT'S REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OPTRYS LIMITED
Year ended 31 May 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
REARDON & CO LTD Chartered accountants
Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ
5 June 2025
OPTRYS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
Year ended 31 May 2024
2024
2023
Note
£
£
Turnover
265,912
640,217
Cost of sales
202,339
587,807
---------
---------
Gross profit
63,573
52,410
Administrative expenses
52,755
41,002
--------
--------
Operating profit
10,818
11,408
Other interest receivable and similar income
5
935
--------
--------
Profit before taxation
11,753
11,408
Tax on profit
2,250
2,168
--------
--------
Profit for the financial year and total comprehensive income
9,503
9,240
--------
--------
Retained earnings at the start of the year
38,641
29,401
--------
--------
Retained earnings at the end of the year
48,144
38,641
--------
--------
All the activities of the company are from continuing operations.
OPTRYS LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
Current assets
Debtors
7
26,157
40,483
Cash at bank and in hand
35,232
33,303
--------
--------
61,389
73,786
Creditors: amounts falling due within one year
8
13,145
35,045
--------
--------
Net current assets
48,244
38,741
--------
--------
Total assets less current liabilities
48,244
38,741
--------
--------
Net assets
48,244
38,741
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
48,144
38,641
--------
--------
Shareholders funds
48,244
38,741
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
Mr M Perriton
Director
Company registration number: 03059398
OPTRYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Victoria Road, Cambridge, CB4 3BW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Other interest receivable and similar income
2024
2023
£
£
Interest on cash and cash equivalents
935
----
----
6. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 June 2023 and 31 May 2024
4,972
4,972
-------
-------
Depreciation
At 1 June 2023 and 31 May 2024
4,972
4,972
-------
-------
Carrying amount
At 31 May 2024
-------
-------
At 31 May 2023
-------
-------
7. Debtors
2024
2023
£
£
Trade debtors
23,153
Amounts owed by group undertakings and undertakings in which the company has a participating interest
9,122
Other debtors
17,035
17,330
--------
--------
26,157
40,483
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,853
Amounts owed to group undertakings and undertakings in which the company has a participating interest
20,903
Corporation tax
2,055
11,568
Social security and other taxes
687
Other creditors
6,550
2,574
--------
--------
13,145
35,045
--------
--------