Company Registration No. 08590289 (England and Wales)
Opteo Ltd
Unaudited accounts
for the year ended 31 July 2025
Opteo Ltd
Unaudited accounts
Contents
Opteo Ltd
Company Information
for the year ended 31 July 2025
Directors
Guillaume Devinat
Axel Hugo Vermwil
Company Number
08590289 (England and Wales)
Registered Office
The Tanneries
55 Bermondsey St.
London
SE1 3XW
United Kingdom
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
Opteo Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
8,046
14,848
Cash at bank and in hand
670,027
1,181,631
Creditors: amounts falling due within one year
(99,769)
(80,384)
Net current assets
679,013
1,179,262
Net assets
687,059
1,194,110
Called up share capital
1,013
1,013
Profit and loss account
686,046
1,193,097
Shareholders' funds
687,059
1,194,110
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by
Guillaume Devinat
Director
Company Registration No. 08590289
Opteo Ltd
Notes to the Accounts
for the year ended 31 July 2025
Opteo Ltd is a private company, limited by shares, registered in England and Wales, registration number 08590289. The registered office is The Tanneries, 55 Bermondsey St., London, SE1 3XW, United Kingdom.
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.
The accounts are presented in £ sterling.
These accounts have been prepared on the going concern basis, on confirmation from the directors that the company is to receive further investment, enabling the company to carry on business for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Straight Line
Computer equipment
25% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Opteo Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the statement of profit or loss in line with disclosure requirements under FRS 102.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Opteo Ltd
Notes to the Accounts
for the year ended 31 July 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
During the year, several errors were identified in the prior year financial statements. The prior year figures have therefore been restated.
The effect of the restatement on the balance sheet at 31 July 2024 was as follows:
Accrued Income increased by £58,486, from £18,000 to £76,486.
Accruals increased by £4,679, from £nil to £4,679.
The effect of the restatement on the profit and loss for the year ended 31 July 2024 was as follows:
Accountancy fees increased by £4,679.
Corporation tax decreased by £92,222.
Overall, the profit for the year increased by £87,543 as a result of the restatement.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
1,799
16,139
49,063
67,001
Additions
-
516
1,874
2,390
Disposals
-
(11,446)
(14,892)
(26,338)
At 31 July 2025
1,799
5,209
36,045
43,053
At 1 August 2024
1,799
15,395
34,959
52,153
Charge for the year
-
843
8,349
9,192
On disposals
-
(11,446)
(14,892)
(26,338)
At 31 July 2025
1,799
4,792
28,416
35,007
At 31 July 2025
-
417
7,629
8,046
At 31 July 2024
-
744
14,104
14,848
Opteo Ltd
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
6,476
-
Accrued income and prepayments
83,503
76,486
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
19,205
12,161
Taxes and social security
24,006
42,946
Other creditors
2,258
20,598
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Transactions with related parties
At the year end, £6,476 was due from Devinat Vermeil, a company controlled by a director. The amount is interest-free and repayable on demand.
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Average number of employees
During the year the average number of employees was 14 (2024: 16).