Silverfin false 28/02/2023 01/03/2022 28/02/2023 Darsh Shah 17/02/2022 03 November 2023 The principal activity of the company in the period under review was that of ophthalmic services. 13922720 2023-02-28 13922720 bus:Director1 2023-02-28 13922720 core:CurrentFinancialInstruments 2023-02-28 13922720 core:ShareCapital 2023-02-28 13922720 core:RetainedEarningsAccumulatedLosses 2023-02-28 13922720 core:OtherPropertyPlantEquipment 2022-02-28 13922720 2022-02-28 13922720 core:OtherPropertyPlantEquipment 2023-02-28 13922720 bus:OrdinaryShareClass1 2023-02-28 13922720 2022-03-01 2023-02-28 13922720 bus:FullAccounts 2022-03-01 2023-02-28 13922720 bus:SmallEntities 2022-03-01 2023-02-28 13922720 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13922720 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13922720 bus:Director1 2022-03-01 2023-02-28 13922720 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-03-01 2023-02-28 13922720 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 13922720 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13922720 (England and Wales)

D S OPTIC WORLD LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

D S OPTIC WORLD LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

D S OPTIC WORLD LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2023
D S OPTIC WORLD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2023
Note 2023
£
Fixed assets
Tangible assets 5 755
755
Current assets
Debtors 6 12,121
Cash at bank and in hand 7 38,469
50,590
Creditors: amounts falling due within one year 8 ( 33,136)
Net current assets 17,454
Total assets less current liabilities 18,209
Net assets 18,209
Capital and reserves
Called-up share capital 9 100
Profit and loss account 18,109
Total shareholder's funds 18,209

For the financial year ending 28 February 2023 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 D S Optic World Limited (registered number: 13922720) were approved and authorised for issue by the Director. They were signed on its behalf by:

Darsh Shah
Director

03 November 2023

D S OPTIC WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
D S OPTIC WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

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

General information and basis of accounting

D S Optic World 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. 4 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. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023
Number
Monthly average number of persons employed by the Company during the year, including the director 1

4. Dividends on equity shares

2023
£
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 28 February 2023 of £250 per ordinary share 25,000

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2022 0 0
Additions 1,006 1,006
At 28 February 2023 1,006 1,006
Accumulated depreciation
At 01 March 2022 0 0
Charge for the financial year 251 251
At 28 February 2023 251 251
Net book value
At 28 February 2023 755 755

6. Debtors

2023
£
Trade debtors 12,121

7. Cash and cash equivalents

2023
£
Cash at bank and in hand 38,469

8. Creditors: amounts falling due within one year

2023
£
Taxation and social security 9,864
Other creditors 23,272
33,136

9. Called-up share capital

2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100