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REGISTERED NUMBER: 04419056 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Jarrod Headley Opticians Limited

Jarrod Headley Opticians Limited (Registered number: 04419056)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jarrod Headley Opticians Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J Headley





REGISTERED OFFICE: 21 Chapeltown
Pudsey
Leeds
LS28 7RZ





REGISTERED NUMBER: 04419056 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Jarrod Headley Opticians Limited (Registered number: 04419056)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,272 8,775
7,272 8,775

CURRENT ASSETS
Stocks 8,949 6,907
Debtors 6 69,467 40,662
Cash at bank and in hand 8,553 12,809
86,969 60,378
CREDITORS
Amounts falling due within one year 7 47,301 33,272
NET CURRENT ASSETS 39,668 27,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,940

35,881

CREDITORS
Amounts falling due after more than one year 8 (27,296 ) (31,524 )

PROVISIONS FOR LIABILITIES (1,818 ) (1,709 )
NET ASSETS 17,826 2,648

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,824 2,646
SHAREHOLDERS' FUNDS 17,826 2,648

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

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

Jarrod Headley Opticians Limited (Registered number: 04419056)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





J Headley - Director


Jarrod Headley Opticians Limited (Registered number: 04419056)

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

1. STATUTORY INFORMATION

Jarrod Headley Opticians Limited 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 represents amounts chargeable for spectacles, contact lenses and eye tests supplied during the period excluding value added tax.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost and 15% on reducing balance

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

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Jarrod Headley Opticians Limited (Registered number: 04419056)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 2,850
AMORTISATION
At 1 August 2022
and 31 July 2023 2,850
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Jarrod Headley Opticians Limited (Registered number: 04419056)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 33,664 21,219 25,031 79,914
DEPRECIATION
At 1 August 2022 29,563 17,489 24,087 71,139
Charge for year 535 688 280 1,503
At 31 July 2023 30,098 18,177 24,367 72,642
NET BOOK VALUE
At 31 July 2023 3,566 3,042 664 7,272
At 31 July 2022 4,101 3,730 944 8,775

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 2,955 2,143
Other debtors 57,632 38,519
60,587 40,662

Amounts falling due after more than one year:
Other debtors 8,880 -

Aggregate amounts 69,467 40,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 4,228 4,123
Trade creditors 14,384 16,406
Taxation and social security 23,977 5,426
Other creditors 4,712 7,317
47,301 33,272

Jarrod Headley Opticians Limited (Registered number: 04419056)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 27,296 31,524

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,288 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 9,465 -
Between one and five years 14,198 -
23,663 -

10. SECURED DEBTS

National Westminster Bank PLC hold a fixed and floating debenture over all the assets and also over the business property part owned by the director.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
J Headley
Balance outstanding at start of year 34,425 54,172
Amounts advanced 44,956 37,159
Amounts repaid (28,071 ) (56,906 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,310 34,425

Interest is charged on overdrawn loan accounts at the official rate.
This is repayable on demand.