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Company registration number: 03170078
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 30 APRIL 2025
| OPTICHROME GROUP LIMITED
OPTICHROME GROUP LIMITED |  |
COMPANY INFORMATION
Directors | N Stephens
| C Stephens
Registered number | 03170078
Registered office | 96 - 103 Maybury Road
| Woking
| Surrey
| GU21 5HX
Accountants | Menzies LLP
| Chartered Accountants
| 2nd Floor
| Midas House
| 62 Goldsworth Road
| Woking
| Surrey
| GU21 6LQ
OPTICHROME GROUP LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 7
OPTICHROME GROUP LIMITED REGISTERED NUMBER:03170078 |  |
STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets |  |  | 4,369,404 |  | 4,385,588
Investments | 4 |  | 598,609 |  | 598,609
Investment properties | 5 |  | 823,203 |  | 823,203
|  |  | 5,791,216 |  | 5,807,400
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 4,032,431 |  | 4,404,050 |
Bank and cash balances |  | 4,193,592 |  | 2,999,279 |
|  | 8,226,023 |  | 7,403,329 |
Creditors: amounts falling due within one year | 7 | (1,264,724) |  | (762,155) |
Net current assets |  |  | 6,961,299 |  | 6,641,174
Total assets less current liabilities |  |  | 12,752,515 |  | 12,448,574
Net assets |  |  | 12,752,515 |  | 12,448,574
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 45,000 |  | 45,000
Revaluation reserve |  |  | 2,342,217 |  | 2,342,217
Profit and loss account |  |  | 10,365,298 |  | 10,061,357
|  |  | 12,752,515 |  | 12,448,574
Page 1
OPTICHROME GROUP LIMITED REGISTERED NUMBER:03170078 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ N Stephens
Director
Date: 23 October 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
OPTICHROME GROUP LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Optichrome Group Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is shown on the company information page. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in GBP, which is the functional currency of the entity.
| 2.2 | Revenue
Revenue includes amounts receivable in respect of printing services provided where it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Also included in revenue is rental income which is recognised in the period to which it relates.
| 2.3 | Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 3
OPTICHROME GROUP LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. On transition to FRS 102 on 1 May 2014, the valuation of the freehold properties as at that date was adopted as the deemed cost. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | over 50 years
|  |  |  | Printing presses and other equipment | - | 2.5 - 10 years
|  |  |  | Motor vehicles | - | 4 - 5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
OPTICHROME GROUP LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.7 | Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
| 2.8 | Investment properties
Investment properties are carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.10 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.11 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 8 (2024 -9).
Page 5
OPTICHROME GROUP LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 May 2024 | 598,609
| At 30 April 2025 | 598,609
5. | Investment properties
|  | Freehold investment properties
|  | £
| Valuation |
| At 1 May 2024 | 823,203
| At 30 April 2025 | 823,203
The 2024 valuations were made by an independent third party, on an open market value for existing use basis. The Directors do not consider that the valuations have changed materially since 2024. The historic costs of the investment properties is £855,466 (2024: £855,466).
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 8,800 | 9,426
| Amounts owed by group undertakings | 3,786,503 | 4,154,166
| Other debtors | 44 | 10,200
| Prepayments and accrued income | 232,336 | 221,881
| Deferred taxation | 4,748 | 8,377
|  | 4,032,431 | 4,404,050
Page 6
OPTICHROME GROUP LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 175,243 | 180,024
| Amounts owed to group undertakings | 689,686 | 273,834
| Corporation tax | 98,421 | 93,803
| Other taxation and social security | 70,904 | 62,062
| Other creditors | 187,777 | 91,684
| Accruals and deferred income | 42,693 | 60,748
|  | 1,264,724 | 762,155
8. | Commitments under operating leases
| At 30 April 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 6,845 | 15,384
| Later than 1 year and not later than 5 years | - | 6,845
|  | 6,845 | 22,229
Page 7