Registration number: 02383612

PRP Optoelectronics Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

PRP Optoelectronics Limited

(Registration number: 02383612)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	454,512	658,131
Tangible assets	6	408,586	489,409
		863,098	1,147,540
Current assets
Stocks	7	1,000,515	1,179,718
Debtors	8	922,457	658,832
Cash at bank and in hand		2,739,049	1,457,841
		4,662,021	3,296,391
Creditors: Amounts falling due within one year	9	(1,502,839)	(1,110,059)
Net current assets		3,159,182	2,186,332
Total assets less current liabilities		4,022,280	3,333,872
Creditors: Amounts falling due after more than one year	9	-	(6,160)
Provisions for liabilities		(208,606)	(278,283)
Net assets		3,813,674	3,049,429
Capital and reserves
Called up share capital	10	218,888	218,888
Share premium reserve		83,174	83,174
Capital redemption reserve		67,000	67,000
Retained earnings		3,444,612	2,680,367
Shareholders' funds		3,813,674	3,049,429

PRP Optoelectronics Limited

(Registration number: 02383612)
Balance Sheet as at 31 December 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 April 2026 and signed on its behalf by:
 

......................................... Mr A Sharma Director

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beacon House
Nuffield Road
Cambridge
Cambridgeshire
CB4 1TF
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from development orders is recognised when the significant risks and rewards of ownership of the development work have passed to the buyer (usually on inspection by the buyer on-site or acceptance of samples received), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted and substantively enacted by the reporting date in the countries there the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial satements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	straight line basis over the remaining term of the lease
Plant and machinery	straight line basis over 2 to 10 years

Development costs

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Internally generated development costs	over the useful life of the project once production commences.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3	Other operating income

Included within other operating income is exceptional income of £39,546. This relates to unutilised advance funding provided by a customer for the maintenance of a dedicated production line which the customer no longer requires.

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 31).

5	Intangible assets

	Internally generated development costs £	Total £
Cost or valuation
At 1 January 2025	1,799,677	1,799,677
At 31 December 2025	1,799,677	1,799,677
Amortisation
At 1 January 2025	1,141,546	1,141,546
Amortisation charge	203,619	203,619
At 31 December 2025	1,345,165	1,345,165
Carrying amount
At 31 December 2025	454,512	454,512
At 31 December 2024	658,131	658,131

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6	Tangible assets

	Short leasehold property improvements £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	354,373	1,960,603	2,314,976
Additions	-	19,389	19,389
Disposals	-	(315,107)	(315,107)
At 31 December 2025	354,373	1,664,885	2,019,258
Depreciation
At 1 January 2025	245,352	1,580,215	1,825,567
Charge for the year	22,992	77,219	100,211
Eliminated on disposal	-	(315,106)	(315,106)
At 31 December 2025	268,344	1,342,328	1,610,672
Carrying amount
At 31 December 2025	86,029	322,557	408,586
At 31 December 2024	109,021	380,388	489,409

7

Stocks

	2025 £	2024 £
Work in progress	122,101	245,109
Other inventories	878,414	934,609
	1,000,515	1,179,718

PRP Optoelectronics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Debtors

Current	Note	2025 £	2024 £
Trade debtors		747,740	448,873
Amounts owed by related parties		1,011	703
Prepayments		173,706	209,256
		922,457	658,832

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		-	5,961
Trade creditors		132,725	173,338
Payments on account		544,759	293,814
Taxation and social security		612,539	318,373
Accrued expenses		199,434	262,344
Other creditors		13,382	56,229
		1,502,839	1,110,059