Optec Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13875816

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,516		1,516
Tangible Assets	5		5,747		1,314

			7,263		2,830
CURRENT ASSETS
Stocks	6	54,513		23,714
Debtors	7	158,430		211,843
Cash at bank and in hand		14,610		5,689

		227,553		241,246
Creditors: Amounts Falling Due Within One Year	8	(246,987 )		(176,037 )

NET CURRENT ASSETS (LIABILITIES)			(19,434 )		65,209

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,171 )		68,039

PROVISIONS FOR LIABILITIES
Provisions For Charges			798		798

NET (LIABILITIES)/ASSETS			(11,373 )		68,837

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			(11,383 )		68,827

SHAREHOLDERS' FUNDS			(11,373)		68,837

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Optec Group Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Ben Tofield

Director

17/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Optec Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13875816 . The registered office is Unit 9 Century Court Westcott Venture Park, Westcott, Aylesbury, HP18 0XB.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. 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% Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 8)

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Optec Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 April 2024	1,516

As at 31 March 2025	1,516

Net Book Value
As at 31 March 2025	1,516

As at 1 April 2024	1,516

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	2,077
Additions	6,602

As at 31 March 2025	8,679

Depreciation
As at 1 April 2024	763
Provided during the period	2,169

As at 31 March 2025	2,932

Net Book Value
As at 31 March 2025	5,747

As at 1 April 2024	1,314

6. Stocks

	2025	2024
	£	£
Stock	54,513	23,714

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	158,267	209,134
Prepayments and accrued income	153	-
Other debtors	10	2,536
VAT	-	173

	158,430	211,843

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Optec Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	89,435	160,747
Other taxes and social security	2,926	2,148
VAT	13,815	-
Other creditors	754	1,331
Accruals and deferred income	140,057	11,811

	246,987	176,037

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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