REGISTERED NUMBER: 10561683 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 March 2025

for

Optic-Comm Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R Dowling

P D Haynes

REGISTERED OFFICE:

Gloucester House

Gloucester Road

Avonmouth

Bristol

BS11 9AQ

REGISTERED NUMBER:

10561683 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Optic-Comm Ltd for the period ended 30 March 2025 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Optic-Comm Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optic-Comm Ltd and state those matters that we have agreed to state to the Board of Directors of Optic-Comm Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optic-Comm Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Optic-Comm Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Optic-Comm Ltd. You consider that Optic-Comm Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Optic-Comm Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

1 April 2026

FIXED ASSETS

Tangible assets

4

213,981

312,560

CURRENT ASSETS

Debtors

5

459,193

476,151

Cash at bank

11,999

135,063

471,192

611,214

CREDITORS

Amounts falling due within one year

6

(338,587

)

(442,560

)

NET CURRENT ASSETS

132,605

168,654

TOTAL ASSETS LESS CURRENT LIABILITIES

346,586

481,214

CREDITORS

Amounts falling due after more than one year

7

(540,649

)

(263,944

)

PROVISIONS FOR LIABILITIES

-

(65,439

)

NET (LIABILITIES)/ASSETS

(194,063

)

151,831

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(194,163

)

151,731

(194,063

)

151,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2026 and were signed on its behalf by:

R Dowling - Director

P D Haynes - Director

1.	STATUTORY INFORMATION

Optic-Comm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

At 30 March 2025 there was a deficiency of assets of £194,063. The company is dependant upon the continued financial support of the director. It is understood that this support will continue. On this basis the director considers it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

42,000

6,065

372,241

420,306

Additions

-

15,680

-

15,680

Disposals

(42,000

)

-

-

(42,000

)

At 30 March 2025

-

21,745

372,241

393,986

DEPRECIATION

At 1 April 2024

-

2,796

104,950

107,746

Charge for period

-

5,436

66,823

72,259

At 30 March 2025

-

8,232

171,773

180,005

NET BOOK VALUE

At 30 March 2025

-

13,513

200,468

213,981

At 31 March 2024

42,000

3,269

267,291

312,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,814

417,164

Other debtors

409,379

58,987

459,193

476,151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

105,000

Hire purchase contracts

-

44,372

Trade creditors

122,528

167,485

Amounts owed to group undertakings

10,960

7,892

Taxation and social security

175,050

4,891

Other creditors

30,049

112,920

338,587

442,560

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

403,345

128,862

Hire purchase contracts

137,304

135,082

540,649

263,944

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made a loan to the director, P D Haynes. The loan was unsecured and

repayable on demand. Interest was charged at the official rate of interest. The maximum amount

outstanding during the year and the balance at 30 March 2025 was £78,254.

During the year the company made a loan to the director, R Dowling. The loan was unsecured and

repayable on demand. Interest was charged at the official rate of interest. The maximum amount

outstanding during the year was £61,542. The balance at 30 March 2025 was £42,426.