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Company registration number: SC337248
C. M. Optical Ltd.
Unaudited filleted financial statements
28 February 2023
C. M. Optical Ltd.
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
C. M. Optical Ltd.
Directors and other information
Directors Christopher McGregor
Elizabeth McGregor
Secretary Elizabeth McGregor
Company number SC337248
Registered office 10 Jardine Place
Bathgate
West Lothian
EH48 4GU
Business address 5 West Main Street
Whitburn
EH47 0QB
Accountants Barrie Scott & Co.
30 Mid Street
Bathgate
West Lothian
EH48 1PT
C. M. Optical Ltd.
Report to the board of directors on the preparation of the
unaudited statutory financial statements of C. M. Optical Ltd.
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C. M. Optical Ltd. for the year ended 28 February 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of C. M. Optical Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of C. M. Optical Ltd. and state those matters that we have agreed to state to the board of directors of C. M. Optical Ltd. as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. M. Optical Ltd. and its board of directors as a body for our work or for this report.
It is your duty to ensure that C. M. Optical 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 profit of C. M. Optical Ltd.. You consider that C. M. Optical Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of C. M. Optical 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.
Barrie Scott & Co.
Accountants & Tax Advisers
30 Mid Street
Bathgate
West Lothian
EH48 1PT
1 September 2023
C. M. Optical Ltd.
Statement of financial position
28 February 2023
2023 2022
£ £ £ £
Fixed assets 228,173 201,627
_______ _______
Current assets 85,053 93,134
Prepayments and accrued income 585 608
_______ _______
85,638 93,742
Creditors: amounts falling due within one year ( 75,813) ( 65,430)
_______ _______
Net current assets 9,825 28,312
_______ _______
Total assets less current liabilities 237,998 229,939
Creditors: amounts falling due after more than one year ( 68,623) ( 58,111)
Accruals and deferred income ( 3,979) ( 4,222)
_______ _______
Net assets 165,396 167,606
_______ _______
Capital and reserves 165,396 167,606
_______ _______
Notes to the financial statements
C. M. Optical Ltd.
Year ended 28 February 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Christopher McGregor 20,543 511 ( 513) 20,541
Elizabeth McGregor 20,543 510 ( 512) 20,541
_______ _______ _______ _______
41,086 1,021 ( 1,025) 41,082
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Christopher McGregor 20,565 513 ( 535) 20,543
Elizabeth McGregor 20,565 513 ( 535) 20,543
_______ _______ _______ _______
41,130 1,026 ( 1,070) 41,086
_______ _______ _______ _______
Interest of 2.5% is charged on any loans due by the director. There are no fixed terms of repayment.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 17 August 2023 , and are signed on behalf of the board by:
Christopher McGregor
Director
Company registration number: SC337248
The company is a private company limited by shares, registered in Scotland.