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Company No: 04384276 (England and Wales)

# OPTIWARE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

OPTIWARE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

OPTIWARE LIMITED

## COMPANY INFORMATION

For the financial year ended 31 May 2025
OPTIWARE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025

DIRECTOR | Keith Stephen Sheers

SECRETARY | Anne Hovell

REGISTERED OFFICE | Wellington House Aviator Court
| Clifton Moor
| York
| YO30 4UZ
| United Kingdom

COMPANY NUMBER | 04384276 (England and Wales)

ACCOUNTANT | Morrell Middleton Auditors Ltd Chartered Certified Accountants
| Wellington House
| Aviator Court
| York
| YO30 4UZ

OPTIWARE LIMITED

## BALANCE SHEET

As at 31 May 2025
OPTIWARE LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 31.05.2025 |  | 31.05.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 250,000 |  | 275,000
|  | 250,000 |  | 275,000
Current assets |  |  |  |
Debtors | 5 | 218,134 |  | 168,647
Cash at bank and in hand | 6 | 41,955 |  | 55,651
|  | 260,089 |  | 224,298
Creditors: amounts falling due within one year | 7 | ( 41,574) |  | ( 37,193)
Net current assets |  | 218,515 |  | 187,105
Total assets less current liabilities |  | 468,515 |  | 462,105
Net assets |  | 468,515 |  | 462,105
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Profit and loss account |  | 468,514 |  | 462,104
Total shareholder's funds |  | 468,515 |  | 462,105

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Optiware Limited (registered number: 04384276) were approved and authorised for issue by the Director on 15 January 2026. They were signed on its behalf by:

Keith Stephen Sheers Director |

OPTIWARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
OPTIWARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Optiware Limited (the Company) 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 is Wellington House Aviator Court, Clifton Moor, York, YO30 4UZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### 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.

#### 2. Employees

| 31.05.2025 |  | 31.05.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 11 |  | 11

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 500,000 |  | 500,000
No disposals during the period. | 0 |  | 0
At 31 May 2025 | 500,000 |  | 500,000
Accumulated amortisation |  |  |
At 01 June 2024 | 225,000 |  | 225,000
Charge for the financial year | 25,000 |  | 25,000
At 31 May 2025 | 250,000 |  | 250,000
Net book value |  |  |
At 31 May 2025 | 250,000 |  | 250,000
At 31 May 2024 | 275,000 |  | 275,000

#### 4. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 2,523 |  | 2,523
At 31 May 2025 | 2,523 |  | 2,523
Accumulated depreciation |  |  |
At 01 June 2024 | 2,523 |  | 2,523
At 31 May 2025 | 2,523 |  | 2,523
Net book value |  |  |
At 31 May 2025 | 0 |  | 0
At 31 May 2024 | 0 |  | 0

#### 5. Debtors

| 31.05.2025 |  | 31.05.2024
| £ |  | £
Prepayments | 4,950 |  | 242
Other debtors | 213,184 |  | 168,405
| 218,134 |  | 168,647

#### 6. Cash and cash equivalents

| 31.05.2025 |  | 31.05.2024
| £ |  | £
Cash at bank and in hand | 41,955 |  | 55,651

#### 7. Creditors: amounts falling due within one year

| 31.05.2025 |  | 31.05.2024
| £ |  | £
Trade creditors | 331 |  | 0
Taxation and social security | 27,817 |  | 24,015
Other creditors | 13,426 |  | 13,178
| 41,574 |  | 37,193

#### 8. Called-up share capital

| 31.05.2025 |  | 31.05.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 ORDINARY share of £ 1.00 | 1 |  | 1

#### 9. Ultimate controlling party

Keith Stephen Sheers is the ultimate controlling party by the virtue of his shareholdings in the Company.