Company Registration No. SC462299 (Scotland)
DAVID ROBINSON EYECARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DAVID ROBINSON EYECARE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DAVID ROBINSON EYECARE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
-
0
-
0
-
-
Current assets
Stocks
12,040
12,040
Debtors
5
53,265
116,726
Cash at bank and in hand
55,564
49,763
120,869
178,529
Creditors: amounts falling due within one year
6
(33,254)
(42,064)
Net current assets
87,615
136,465
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
87,515
136,365
Total equity
87,615
136,465

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 13 October 2023
R Cobb
Director
Company Registration No. SC462299
DAVID ROBINSON EYECARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

David Robinson Eyecare Limited is a private company limited by shares incorporated in Scotland. The registered office is 6 St Colme Street, Edinburgh, EH3 6AD.

1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line
Computer equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

DAVID ROBINSON EYECARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Debtors with no stated interest rate or receivable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account.

Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price.

 

All interest bearing loans and borrowings which are basic financial instruments are initially recorded at the present value of cash payable. After initial recognition they are measured at amortised cost.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

DAVID ROBINSON EYECARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
190,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
190,000
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
DAVID ROBINSON EYECARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
32,711
Depreciation and impairment
At 1 April 2022 and 31 March 2023
32,711
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
11,506
10,038
Other debtors
41,759
106,688
53,265
116,726
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,416
4,397
Taxation and social security
23,823
34,188
Other creditors
4,015
3,479
33,254
42,064
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 10p each
1,000
1,000
100
100
8
Related party transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

2023-03-312022-04-01false13 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityR CobbfalseSC4622992022-04-012023-03-31SC4622992023-03-31SC462299core:Goodwill2023-03-31SC462299core:Goodwill2022-03-31SC462299core:NetGoodwill2023-03-31SC462299core:NetGoodwill2022-03-31SC4622992022-03-31SC462299core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC462299core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31SC462299core:ShareCapital2023-03-31SC462299core:ShareCapital2022-03-31SC462299core:RetainedEarningsAccumulatedLosses2023-03-31SC462299core:RetainedEarningsAccumulatedLosses2022-03-31SC462299bus:Director12022-04-012023-03-31SC462299core:PlantMachinery2022-04-012023-03-31SC462299core:ComputerEquipment2022-04-012023-03-31SC4622992021-04-012022-03-31SC462299core:NetGoodwill2022-03-31SC462299core:OtherPropertyPlantEquipment2022-03-31SC462299core:OtherPropertyPlantEquipment2023-03-31SC462299core:OtherPropertyPlantEquipment2022-03-31SC462299core:CurrentFinancialInstruments2023-03-31SC462299core:CurrentFinancialInstruments2022-03-31SC462299core:WithinOneYear2023-03-31SC462299core:WithinOneYear2022-03-31SC462299bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC462299bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC462299bus:FRS1022022-04-012023-03-31SC462299bus:AuditExemptWithAccountantsReport2022-04-012023-03-31SC462299bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP