ACCOUNTS - Final Accounts

NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31The principal activity of the company is that of licensing of acquired intellectual property rights, specialising in optical measuring and detection technologies.2021-04-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08786570 2021-04-01 2022-03-31 08786570 2020-04-01 2021-03-31 08786570 2022-03-31 08786570 2021-03-31 08786570 c:Director2 2021-04-01 2022-03-31 08786570 d:OfficeEquipment 2021-04-01 2022-03-31 08786570 d:OfficeEquipment 2022-03-31 08786570 d:OfficeEquipment 2021-03-31 08786570 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 08786570 d:CurrentFinancialInstruments 2022-03-31 08786570 d:CurrentFinancialInstruments 2021-03-31 08786570 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08786570 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 08786570 d:ShareCapital 2022-03-31 08786570 d:ShareCapital 2021-03-31 08786570 d:RetainedEarningsAccumulatedLosses 2022-03-31 08786570 d:RetainedEarningsAccumulatedLosses 2021-03-31 08786570 c:FRS102 2021-04-01 2022-03-31 08786570 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 08786570 c:FullAccounts 2021-04-01 2022-03-31 08786570 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 08786570 2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 08786570

NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

REGISTERED NUMBER: 08786570

BALANCE SHEET

AS AT 31 MARCH 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		450		600
			450		600
Current assets
Debtors: amounts falling due within one year	5	1,267		2,267
Cash at bank and in hand	6	527		550
		1,794		2,817
Creditors: amounts falling due within one year	7	(18,150)		(18,150)
Net current liabilities			(16,356)		(15,333)
Total assets less current liabilities			(15,906)		(14,733)

Net liabilities			(15,906)		(14,733)

Capital and reserves
Called up share capital	400	400
Profit and loss account	(16,306)	(15,133)
	(15,906)	(14,733)

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NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

REGISTERED NUMBER: 08786570

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2022.

................................................

D Newman

Director

The notes on pages 3 to 6 form part of these financial statements.

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NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1.	General information

Nano Optical Sensor Equipment Solutions Ltd is a private limited company, incorporated in England and Wales, registration number 08786570. The regsitered office address is 14th floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statement have been prepared on a going concern basis on the assumption that continued financial support will be forthcoming from the shareholders.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

20%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

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NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 April 2021	750
	At 31 March 2022	750
	Depreciation
	At 1 April 2021	150
	Charge for the year on owned assets	150
	At 31 March 2022	300
	Net book value
	At 31 March 2022	450
	At 31 March 2021	600

Debtors

					2022	2021
					£	£


Other debtors	867	1,867
Called up share capital not paid	400	400
	1,267	2,267

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	527	550
	527	550

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NANO OPTICAL SENSOR EQUIPMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other creditors	18,150	18,150
	18,150	18,150

Related party transactions

At the period end, the amount due to directors was £5,750 (2021: £5,750).
At the year end, included in other debtors, is an interest free loan of £867 (2021: £1,867) due from a company in which the directors have a material interest.
At the year end, included in other creditors, is an interest free loan of £12,400 (2021: £12,400) due to a company in which the directors have a material interest.

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