Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-319true2022-02-01falseNo description of principal activity8falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC441169 2022-02-01 2023-01-31 SC441169 2021-02-01 2022-01-31 SC441169 2023-01-31 SC441169 2022-01-31 SC441169 c:Director1 2022-02-01 2023-01-31 SC441169 c:Director2 2022-02-01 2023-01-31 SC441169 c:RegisteredOffice 2022-02-01 2023-01-31 SC441169 d:FurnitureFittings 2022-02-01 2023-01-31 SC441169 d:FurnitureFittings 2023-01-31 SC441169 d:FurnitureFittings 2022-01-31 SC441169 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC441169 d:OfficeEquipment 2022-02-01 2023-01-31 SC441169 d:OfficeEquipment 2023-01-31 SC441169 d:OfficeEquipment 2022-01-31 SC441169 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC441169 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC441169 d:Goodwill 2023-01-31 SC441169 d:Goodwill 2022-01-31 SC441169 d:CurrentFinancialInstruments 2023-01-31 SC441169 d:CurrentFinancialInstruments 2022-01-31 SC441169 d:Non-currentFinancialInstruments 2023-01-31 SC441169 d:Non-currentFinancialInstruments 2022-01-31 SC441169 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC441169 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 SC441169 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC441169 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 SC441169 d:ShareCapital 2023-01-31 SC441169 d:ShareCapital 2022-01-31 SC441169 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC441169 d:RetainedEarningsAccumulatedLosses 2022-01-31 SC441169 c:OrdinaryShareClass1 2022-02-01 2023-01-31 SC441169 c:OrdinaryShareClass1 2023-01-31 SC441169 c:OrdinaryShareClass1 2022-01-31 SC441169 c:FRS102 2022-02-01 2023-01-31 SC441169 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 SC441169 c:FullAccounts 2022-02-01 2023-01-31 SC441169 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC441169 d:Goodwill d:OwnedIntangibleAssets 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC441169










JARVIS EYECARE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

 
JARVIS EYECARE LIMITED
 

COMPANY INFORMATION


Directors
Mr I Jarvis 
Dr S Jarvis 




Registered number
SC441169



Registered office
18 Westfield Road
Broughty Ferry

Dundee

DD5 1ED




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
JARVIS EYECARE LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 
JARVIS EYECARE LIMITED
REGISTERED NUMBER: SC441169

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
 4 
-
21,048

Tangible assets
 5 
88,471
95,015

  
88,471
116,063

Current assets
  

Stocks
  
17,915
18,937

Debtors: amounts falling due within one year
 6 
26,588
24,521

Cash at bank and in hand
  
63,351
81,387

  
107,854
124,845

Creditors: amounts falling due within one year
 7 
(50,991)
(62,315)

Net current assets
  
 
 
56,863
 
 
62,530

Total assets less current liabilities
  
145,334
178,593

Creditors: amounts falling due after more than one year
 8 
(38,334)
(49,576)

Provisions for liabilities
  

Deferred tax
  
(18,724)
(18,183)

  
 
 
(18,724)
 
 
(18,183)

Net assets
  
88,276
110,834


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
88,176
110,734

  
88,276
110,834


Page 1

 
JARVIS EYECARE LIMITED
REGISTERED NUMBER: SC441169

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 statement of income and retained earnings 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 18 October 2023.



Mr I Jarvis
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JARVIS EYECARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Jarvis Eyecare Limited is a private company, limited by shares, domiciled in Scotland with registration number SC441169. The registered office is 18 Westfield Road, Broughty Ferry, Dundee, DD5 1ED. The company's trading address is 24-26 Arbroath Road, Dundee, DD4 6EP.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

Page 3

 
JARVIS EYECARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

During the comparative year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic:
Coronavirus Job Retention Scheme (CJRS) which is recognised when receivable.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the below methods..

Depreciation is provided on the following basis:

Fixtures and fittings
-
15 - 33% reducing balance
Optical equipment
-
15% reducing balance

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
JARVIS EYECARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
210,506



At 31 January 2023

210,506



Amortisation


At 1 February 2022
189,458


Charge for the year on owned assets
21,048



At 31 January 2023

210,506



Net book value



At 31 January 2023
-



At 31 January 2022
21,048



Page 5

 
JARVIS EYECARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Fixtures and fittings
Optical equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
56,991
118,548
175,539


Additions
-
11,990
11,990



At 31 January 2023

56,991
130,538
187,529



Depreciation


At 1 February 2022
41,869
38,655
80,524


Charge for the year on owned assets
2,268
16,266
18,534



At 31 January 2023

44,137
54,921
99,058



Net book value



At 31 January 2023
12,854
75,617
88,471



At 31 January 2022
15,122
79,893
95,015


6.


Debtors

2023
2022
£
£


Trade debtors
11,783
10,759

Other debtors
13,688
12,659

Prepayments and accrued income
1,117
1,103

26,588
24,521


Page 6

 
JARVIS EYECARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,379
11,206

Other taxation and social security
17,296
17,180

Obligations under finance lease and hire purchase contracts
19,015
15,183

Other creditors
453
383

Accruals and deferred income
3,848
18,363

50,991
62,315


Secured Loans
Hire purchase liabilities are secured over the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
38,334
49,576

38,334
49,576


Secured Loans
Hire purchase liabilities are secured over the assets to which they relate.


9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 7