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Company No: 02582940 (England and Wales)

# OPTISOFT LTD

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

OPTISOFT LTD

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

OPTISOFT LTD

## COMPANY INFORMATION

For the financial year ended 31 May 2025
OPTISOFT LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025

DIRECTOR | Keith Stephen Sheers

SECRETARY | Keith Stephen Sheers

REGISTERED OFFICE | 7 Alpha Court
| Monks Cross Drive Huntington
| York
| YO32 9WN
| United Kingdom

COMPANY NUMBER | 02582940 (England and Wales)

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

BANKERS | National Westminster Bank Plc
| 49 High Street
| Wetherby
| West Yorkshire
| LS22 4LS

OPTISOFT LTD

## BALANCE SHEET

As at 31 May 2025
OPTISOFT LTD

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 15,158 |  | 16,559
|  | 15,158 |  | 16,559
Current assets |  |  |  |
Stocks | 5 | 3,708 |  | 3,511
Debtors | 6 | 47,480 |  | 30,634
Investments | 7 | 1,054,035 |  | 1,009,912
Cash at bank and in hand |  | 293,585 |  | 257,668
|  | 1,398,808 |  | 1,301,725
Creditors: amounts falling due within one year | 8 | ( 330,189) |  | ( 364,788)
Net current assets |  | 1,068,619 |  | 936,937
Total assets less current liabilities |  | 1,083,777 |  | 953,496
Provision for liabilities | 9, 10 | ( 3,790) |  | ( 4,140)
Net assets |  | 1,079,987 |  | 949,356
Capital and reserves |  |  |  |
Called-up share capital | 11 | 172,500 |  | 172,500
Capital redemption reserve |  | 77,500 |  | 77,500
Profit and loss account |  | 829,987 |  | 699,356
Total shareholder's funds |  | 1,079,987 |  | 949,356

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 Optisoft Ltd (registered number: 02582940) were approved and authorised for issue by the Director on 15 January 2026. They were signed on its behalf by:

Keith Stephen Sheers Director |

OPTISOFT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
OPTISOFT LTD

## 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

Optisoft Ltd (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 7 Alpha Court, Monks Cross Drive Huntington, York, YO32 9WN, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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:

Other intangible assets | 4 years straight line

##### 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 | 33 % reducing balance
Vehicles | 30 % reducing balance
Fixtures and fittings | 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### 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

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 15 |  | 15

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 8,570 |  | 8,570
At 31 May 2025 | 8,570 |  | 8,570
Accumulated amortisation |  |  |
At 01 June 2024 | 8,570 |  | 8,570
At 31 May 2025 | 8,570 |  | 8,570
Net book value |  |  |
At 31 May 2025 | 0 |  | 0
At 31 May 2024 | 0 |  | 0

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 June 2024 | 11,807 |  | 30,268 |  | 27,930 |  | 70,005
Additions | 4,007 |  | 0 |  | 0 |  | 4,007
Disposals | ( 2,606) |  | 0 |  | 0 |  | ( 2,606)
At 31 May 2025 | 13,208 |  | 30,268 |  | 27,930 |  | 71,406
Accumulated depreciation |  |  |  |  |  |  |
At 01 June 2024 | 4,788 |  | 28,183 |  | 20,475 |  | 53,446
Charge for the financial year | 3,026 |  | 626 |  | 1,118 |  | 4,770
Disposals | ( 1,968) |  | 0 |  | 0 |  | ( 1,968)
At 31 May 2025 | 5,846 |  | 28,809 |  | 21,593 |  | 56,248
Net book value |  |  |  |  |  |  |
At 31 May 2025 | 7,362 |  | 1,459 |  | 6,337 |  | 15,158
At 31 May 2024 | 7,019 |  | 2,085 |  | 7,455 |  | 16,559

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 3,708 |  | 3,511

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 29,946 |  | 10,641
Prepayments | 17,418 |  | 18,498
Other debtors | 116 |  | 1,495
| 47,480 |  | 30,634

#### 7. Current asset investments

| 2025 |  | 2024
| £ |  | £
Listed investments – at fair value | 302,903 |  | 291,240
Other investments – at cost less impairment | 751,132 |  | 717,992
| 1,054,035 |  | 1,009,232

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 40,033 |  | 19,653
Taxation and social security | 45,412 |  | 47,261
Other creditors | 244,744 |  | 297,874
| 330,189 |  | 364,788

#### 9. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 3,790 |  | 4,140

| Deferred taxation |  | Total
| £ |  | £
At 01 June 2024 | 4,140 |  | 4,140
Credited to the Statement of Income and Retained Earnings | ( 350) |  | ( 350)
At 31 May 2025 | 3,790 |  | 3,790

Deferred tax

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | 3,790 |  | 4,140
Provision for deferred tax | 3,790 |  | 4,140

#### 10. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 4,140) |  | ( 4,593)
Credited to the Statement of Income and Retained Earnings | 350 |  | 453
At the end of financial year | ( 3,790) |  | ( 4,140)

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
172,500 Ordinary shares of £ 1.00 each | 172,500 |  | 172,500

#### 12. Ultimate controlling party

Keith Stephen Sheers is the ultimate controlling part having significant shares in the shareholdings of the Company.