Silverfin false 31/10/2022 01/11/2021 31/10/2022 M Kataria 26 October 2023 The principal activity of the company is provision of optical services. 12241964 2022-10-31 12241964 2021-10-31 12241964 core:CurrentFinancialInstruments 2022-10-31 12241964 core:CurrentFinancialInstruments 2021-10-31 12241964 core:ShareCapital 2022-10-31 12241964 core:ShareCapital 2021-10-31 12241964 core:RetainedEarningsAccumulatedLosses 2022-10-31 12241964 core:RetainedEarningsAccumulatedLosses 2021-10-31 12241964 core:OtherPropertyPlantEquipment 2021-10-31 12241964 core:OtherPropertyPlantEquipment 2022-10-31 12241964 bus:OrdinaryShareClass1 2022-10-31 12241964 2021-11-01 2022-10-31 12241964 bus:FullAccounts 2021-11-01 2022-10-31 12241964 bus:SmallEntities 2021-11-01 2022-10-31 12241964 bus:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 12241964 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 12241964 bus:Director1 2021-11-01 2022-10-31 12241964 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-11-01 2022-10-31 12241964 2020-11-01 2021-10-31 12241964 core:OtherPropertyPlantEquipment 2021-11-01 2022-10-31 12241964 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 12241964 bus:OrdinaryShareClass1 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12241964 (England and Wales)

KATARIA OPTICAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2022
Pages for filing with the registrar

KATARIA OPTICAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2022

Contents

KATARIA OPTICAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2022
KATARIA OPTICAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 0 466
0 466
Current assets
Debtors 4 550 825
Cash at bank and in hand 5 14,339 20,789
14,889 21,614
Creditors: amounts falling due within one year 6 ( 12,808) ( 18,598)
Net current assets 2,081 3,016
Total assets less current liabilities 2,081 3,482
Net assets 2,081 3,482
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account 2,071 3,472
Total shareholder's funds 2,081 3,482

For the financial year ending 31 October 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kataria Optical Limited (registered number: 12241964) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Kataria
Director

26 October 2023

KATARIA OPTICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2022
KATARIA OPTICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kataria Optical Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2021 1,400 1,400
At 31 October 2022 1,400 1,400
Accumulated depreciation
At 01 November 2021 934 934
Charge for the financial year 466 466
At 31 October 2022 1,400 1,400
Net book value
At 31 October 2022 0 0
At 31 October 2021 466 466

4. Debtors

2022 2021
£ £
Trade debtors 550 825

5. Cash and cash equivalents

2022 2021
£ £
Cash at bank and in hand 14,339 20,789

6. Creditors: amounts falling due within one year

2022 2021
£ £
Taxation and social security 9,491 9,150
Other creditors 3,317 9,448
12,808 18,598

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10