Company Registration No. 09502663 (England and Wales)
Ioptosystems Limited
Unaudited accounts
for the year ended 31 March 2025
Ioptosystems Limited
Unaudited accounts
Contents
Ioptosystems Limited
Company Information
for the year ended 31 March 2025
Director
Thomas William Mudd
Company Number
09502663 (England and Wales)
Registered Office
Seafield Cottage
Seafield Road
Hove
BN3 2TP
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Ioptosystems Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,867
1,881
Cash at bank and in hand
27,664
13,880
Creditors: amounts falling due within one year
(31,275)
(19,437)
Net current assets
12,205
2,213
Called up share capital
1
1
Profit and loss account
15,071
4,093
Shareholders' funds
15,072
4,094
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2025 and were signed on its behalf by
Thomas William Mudd
Director
Company Registration No. 09502663
Ioptosystems Limited
Notes to the Accounts
for the year ended 31 March 2025
Ioptosystems Limited is a private company, limited by shares, registered in England and Wales, registration number 09502663. The registered office is Seafield Cottage, Seafield Road, Hove, BN3 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
-
1,366
6,134
7,500
Additions
400
-
1,791
2,191
At 31 March 2025
400
1,366
7,925
9,691
At 1 April 2024
-
929
4,690
5,619
Charge for the year
100
518
587
1,205
At 31 March 2025
100
1,447
5,277
6,824
At 31 March 2025
300
(81)
2,648
2,867
At 31 March 2024
-
437
1,444
1,881
Ioptosystems Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
15,816
7,770
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
30,243
18,571
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).