REGISTERED NUMBER: 06662732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

VORTEX OPTICAL COATINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I J Reilly

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

06662732 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

511,129

465,139

CURRENT ASSETS

Stocks

40,000

3,000

Debtors

5

743,795

598,632

Cash at bank and in hand

669,398

485,973

1,453,193

1,087,605

CREDITORS

Amounts falling due within one year

6

266,360

217,189

NET CURRENT ASSETS

1,186,833

870,416

TOTAL ASSETS LESS CURRENT LIABILITIES

1,697,962

1,335,555

CREDITORS

Amounts falling due after more than one year

7

(27,008

)

(32,322

)

PROVISIONS FOR LIABILITIES

(70,760

)

(95,080

)

NET ASSETS

1,600,194

1,208,153

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

56

56

Retained earnings

1,599,638

1,207,597

SHAREHOLDERS' FUNDS

1,600,194

1,208,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th October 2025 and were signed by:

I J Reilly - Director

1.	STATUTORY INFORMATION

Vortex Optical Coatings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment & software

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

154,724

438,940

15,824

Additions

71,756

16,366

4,606

At 31st March 2025

226,480

455,306

20,430

DEPRECIATION

At 1st April 2024

-

183,175

4,674

Charge for year

-

38,993

2,149

At 31st March 2025

-

222,168

6,823

NET BOOK VALUE

At 31st March 2025

226,480

233,138

13,607

At 31st March 2024

154,724

255,765

11,150

Computer

Motor

equipment

vehicles

& software

Totals

£

£

£

COST

At 1st April 2024

49,590

20,631

679,709

Additions

-

2,341

95,069

At 31st March 2025

49,590

22,972

774,778

DEPRECIATION

At 1st April 2024

9,640

17,081

214,570

Charge for year

5,993

1,944

49,079

At 31st March 2025

15,633

19,025

263,649

NET BOOK VALUE

At 31st March 2025

33,957

3,947

511,129

At 31st March 2024

39,950

3,550

465,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

343,870

297,279

Amounts owed by group undertakings

379,627

288,142

Other debtors

20,298

13,211

743,795

598,632

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,210

6,210

Hire purchase contracts

7,764

27,872

Trade creditors

76,348

41,371

Amounts owed to group undertakings

900

900

Taxation and social security

169,871

134,536

Other creditors

5,267

6,300

266,360

217,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

27,008

32,322

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date there were the following amounts in relation to directors current accounts;

This loan is interest free and has no repayment terms.

- Due to I J Reilly £79 (2024: £893)

9.	RELATED PARTY DISCLOSURES

During the year, the Company traded with other companies in the same group. All transactions were at arms length. At the balance sheet, the following balances relate to those companies.

Due from Vortex Optical Properties Ltd £379,627

Due to Vortex Optical Holdings Ltd £900