Company Registration No. 06669027 (England and Wales)
OPTALED LIMITED
Unaudited accounts
for the year ended 31 December 2020
OPTALED LIMITED
Unaudited accounts
Contents
OPTALED LIMITED
Company Information
for the year ended 31 December 2020
Directors
J G Birch
R E Hunt
Company Number
06669027 (England and Wales)
Registered Office
UNIT 1 EVERCREECH WAY
WALROW INDUSTRIAL ESTATE
HIGHBRIDGE
SOMERSET
TA9 4AR
ENGLAND
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
OPTALED LIMITED
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
-
218,193
Creditors: amounts falling due within one year
(130)
(67,210)
Net current assets
2
394,767
Called up share capital
2
2
Profit and loss account
-
394,765
Shareholders' funds
2
394,767
For the year ending 31 December 2020 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 27 August 2021 and were signed on its behalf by
J G Birch
Director
Company Registration No. 06669027
OPTALED LIMITED
Notes to the Accounts
for the year ended 31 December 2020
OPTALED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06669027. The registered office is UNIT 1 EVERCREECH WAY, WALROW INDUSTRIAL ESTATE, HIGHBRIDGE, SOMERSET, TA9 4AR, ENGLAND.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. 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.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
132
219,240
OPTALED LIMITED
Notes to the Accounts
for the year ended 31 December 2020
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
130
51,805
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Versa Engineering Limited
Unit 1 Evercreech Way
Walrow Industrial Estate
Highbridge
Somerset
TA9 4AR
8
Average number of employees
During the year the average number of employees was 0 (2019: 3).
