Optimor Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 05391490 (England and Wales)
Optimor Limited
Company Information
Directors
Mr K Henke
Mr J Eden
Mr T Milner
Dame S A S Dicketts
Secretary
Sumit (Company Secretary) Limited
Company number
05391490
Registered office
4/4a Bloomsbury Square
London
WC1A 2RP
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Optimor Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,010
2,966
Current assets
Debtors
4
50,707
41,358
Cash at bank and in hand
794
76,542
51,501
117,900
Creditors: amounts falling due within one year
5
(28,137)
(33,607)
Net current assets
23,364
84,293
Total assets less current liabilities
26,374
87,259
Creditors: amounts falling due after more than one year
6
(18,626)
(22,815)
Net assets
7,748
64,444
Capital and reserves
Called up share capital
7
10,544
10,544
Share premium account
3,108,838
3,108,838
Profit and loss reserves
(3,111,634)
(3,054,938)
Total equity
7,748
64,444
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Optimor Limited
Balance Sheet (Continued)
As at 31 March 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 23 July 2025 and are signed on its behalf by:
Mr K Henke
Director
Company Registration No. 05391490
Optimor Limited
Statement of Changes in Equity
For the year ended 31 March 2025
Page 3
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
9,620
2,727,282
(2,976,781)
(239,879)
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
-
(78,157)
(78,157)
Issue of share capital
7
132
60,119
-
60,251
Conversion of loan to shares
7
792
321,437
-
322,229
Balance at 31 March 2024
10,544
3,108,838
(3,054,938)
64,444
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
-
(56,696)
(56,696)
Balance at 31 March 2025
10,544
3,108,838
(3,111,634)
7,748
Optimor Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 4
1
Accounting policies
Company information
Optimor Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4/4a Bloomsbury Square, London, WC1A 2RP.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the Balance Sheet date the company had net assets of £7,748. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents include cash in hand and balances held at call with banks.
1.6
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Optimor Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 5
1.8
Employee benefits
The costs of short-term employee benefits are charged as an expense as they fall due.
Any unpaid short-term benefits for services rendered during the period are recognised as a liability.
1.9
Retirement benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
1.11
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
1.12
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
7
7
Optimor Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
6,235
Additions
1,157
Disposals
(750)
At 31 March 2025
6,642
Depreciation and impairment
At 1 April 2024
3,269
Depreciation charged in the year
1,113
Eliminated in respect of disposals
(750)
At 31 March 2025
3,632
Carrying amount
At 31 March 2025
3,010
At 31 March 2024
2,966
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
26,275
22,358
Prepayments and accrued income
24,432
19,000
50,707
41,358
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,197
4,095
Trade creditors
2,862
3,344
Taxation and social security
14,076
23,021
Other creditors
7,002
3,147
28,137
33,607
Optimor Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 7
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
18,626
22,815
The bank loan is a Bounce Back Loan, supported by the Bounce Back Loan Scheme, and is secured by a guarantee from the UK Government under Bounce Back Loan Scheme Guarantee. The loan is repayable in instalments up to and including May 2030. Interest is payable at 3% per annum.
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
783
5,415
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
1,054,386
1,054,386
10,544
10,544