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REGISTERED NUMBER: 12432607 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

G N Optics Ltd

G N Optics Ltd (Registered number: 12432607)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

G N Optics Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr G N P Louvieris





SECRETARY: Mr G N P Louvieris





REGISTERED OFFICE: Hagley Court
First Floor
40 Vicarage Road
Birmingham
B15 3EZ





REGISTERED NUMBER: 12432607 (England and Wales)





ACCOUNTANTS: Marneros Marcus & Co Ltd
Chartered Certified Accountants
First floor, Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
West Midlands
B15 3EZ

G N Optics Ltd (Registered number: 12432607)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 48,172 41,281
Cash at bank and in hand 1,147 1,200
49,319 42,481
CREDITORS
Amounts falling due within one year 5 36,676 21,473
NET CURRENT ASSETS 12,643 21,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,643

21,008

CREDITORS
Amounts falling due after more than one
year

6

11,325

16,155
NET ASSETS 1,318 4,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,218 4,753
1,318 4,853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 25 October 2023 and were signed by:



Mr G N P Louvieris - Director


G N Optics Ltd (Registered number: 12432607)

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

1. STATUTORY INFORMATION

G N Optics 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 35,882 40,706
Tax payable under s455 CTA 12,110 -
Prepayments 180 575
48,172 41,281

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,436 5,580
Tax 30,040 15,893
Accrued expenses 1,200 -
36,676 21,473

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,325 16,155

G N Optics Ltd (Registered number: 12432607)

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

7. RESERVES
Retained
earnings
£   

At 1 February 2022 4,753
Profit for the year 32,222
Dividends (35,757 )
At 31 January 2023 1,218

G N Optics Ltd

Report of the Accountants to the Director of
G N Optics Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Marneros Marcus & Co Ltd
Chartered Certified Accountants
First floor, Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
West Midlands
B15 3EZ


25 October 2023