IRIS Accounts Production v23.1.0.753 08008689 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080086892022-03-31080086892023-03-31080086892022-04-012023-03-31080086892021-03-31080086892021-04-012022-03-31080086892022-03-3108008689ns15:EnglandWales2022-04-012023-03-3108008689ns14:PoundSterling2022-04-012023-03-3108008689ns10:Director12022-04-012023-03-3108008689ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108008689ns10:SmallEntities2022-04-012023-03-3108008689ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108008689ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108008689ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108008689ns10:FullAccounts2022-04-012023-03-310800868912022-04-012023-03-3108008689ns10:RegisteredOffice2022-04-012023-03-3108008689ns5:CurrentFinancialInstruments2023-03-3108008689ns5:CurrentFinancialInstruments2022-03-3108008689ns5:Non-currentFinancialInstruments2023-03-3108008689ns5:Non-currentFinancialInstruments2022-03-3108008689ns5:ShareCapital2023-03-3108008689ns5:ShareCapital2022-03-3108008689ns5:RetainedEarningsAccumulatedLosses2023-03-3108008689ns5:RetainedEarningsAccumulatedLosses2022-03-3108008689ns5:NetGoodwill2022-04-012023-03-3108008689ns5:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108008689ns5:PlantMachinery2022-04-012023-03-3108008689ns5:NetGoodwill2022-03-3108008689ns5:NetGoodwill2023-03-3108008689ns5:NetGoodwill2022-03-3108008689ns5:PlantMachinery2022-03-3108008689ns5:PlantMachinery2023-03-3108008689ns5:PlantMachinery2022-03-3108008689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108008689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108008689ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3108008689ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-03-31080086891ns10:Director12022-03-31080086891ns10:Director12021-03-31080086891ns10:Director12022-04-012023-03-31080086891ns10:Director12021-04-012022-03-31080086891ns10:Director12023-03-31080086891ns10:Director12022-03-31
REGISTERED NUMBER: 08008689 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

A&J Opticians Ltd

A&J Opticians Ltd (Registered number: 08008689)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&J Opticians Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Taylor-Short





REGISTERED OFFICE: 10 Fore Street
Torrington
Bidefod
EX38 8HQ





REGISTERED NUMBER: 08008689 (England and Wales)





ACCOUNTANTS: KRPM Business Solutions Limited
Little Bursdon
Hartland
Bideford
Devon
EX39 6HB

A&J Opticians Ltd (Registered number: 08008689)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,500 35,000
Tangible assets 5 27,074 31,207
58,574 66,207

CURRENT ASSETS
Stocks 21,000 21,000
Debtors 6 2,019 21,195
Cash at bank and in hand 16,283 27,515
39,302 69,710
CREDITORS
Amounts falling due within one year 7 15,209 15,364
NET CURRENT ASSETS 24,093 54,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,667

120,553

CREDITORS
Amounts falling due after more than
one year

8

81,312

117,428
NET ASSETS 1,355 3,125

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 855 2,625
1,355 3,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A&J Opticians Ltd (Registered number: 08008689)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





J Taylor-Short - Director


A&J Opticians Ltd (Registered number: 08008689)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A&J Opticians Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


A&J Opticians Ltd (Registered number: 08008689)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 70,000
AMORTISATION
At 1 April 2022 35,000
Charge for year 3,500
At 31 March 2023 38,500
NET BOOK VALUE
At 31 March 2023 31,500
At 31 March 2022 35,000

A&J Opticians Ltd (Registered number: 08008689)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 63,103
Additions 1,844
At 31 March 2023 64,947
DEPRECIATION
At 1 April 2022 31,896
Charge for year 5,977
At 31 March 2023 37,873
NET BOOK VALUE
At 31 March 2023 27,074
At 31 March 2022 31,207

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors 2,019 7,496

Amounts falling due after more than one year:
Other debtors - 13,699

Aggregate amounts 2,019 21,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,589 13,660
Taxation and social security (339 ) 697
Other creditors 1,959 1,007
15,209 15,364

A&J Opticians Ltd (Registered number: 08008689)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 45,350 50,633
Hire purchase contracts 25,703 30,927
Other creditors 10,259 35,868
81,312 117,428

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,350 50,633

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J Taylor-Short
Balance outstanding at start of year 13,699 -
Amounts advanced - 13,699
Amounts repaid (13,699 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,699