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REGISTERED NUMBER: 05371679 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

JENNINGS OPTICIANS LIMITED

JENNINGS OPTICIANS LIMITED (REGISTERED NUMBER: 05371679)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

JENNINGS OPTICIANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Delaney





SECRETARY: Mrs C M Delaney





REGISTERED OFFICE: 45 Union Road
New Mills
High Peak
SK22 3EL





REGISTERED NUMBER: 05371679 (England and Wales)





ACCOUNTANTS: A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL

JENNINGS OPTICIANS LIMITED (REGISTERED NUMBER: 05371679)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,050 3,075
Tangible assets 5 1,703 2,502
3,753 5,577

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 14,481 3,132
Cash at bank and in hand 7,131 8,763
28,112 18,395
CREDITORS
Amounts falling due within one year 22,728 15,204
NET CURRENT ASSETS 5,384 3,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,137

8,768

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,037 8,668
SHAREHOLDERS' FUNDS 9,137 8,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

JENNINGS OPTICIANS LIMITED (REGISTERED NUMBER: 05371679)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 October 2023 and were signed by:





A Delaney - Director


JENNINGS OPTICIANS LIMITED (REGISTERED NUMBER: 05371679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Jennings 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 net invoiced sales of goods and services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

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

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 20,500
AMORTISATION
At 1 March 2022 17,425
Amortisation for year 1,025
At 28 February 2023 18,450
NET BOOK VALUE

At 28 February 2023 2,050
At 28 February 2022 3,075

JENNINGS OPTICIANS LIMITED (REGISTERED NUMBER: 05371679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 39,656
DEPRECIATION
At 1 March 2022 37,154
Charge for year 799
At 28 February 2023 37,953
NET BOOK VALUE
At 28 February 2023 1,703
At 28 February 2022 2,502

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Delaney.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JENNINGS OPTICIANS LIMITED

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jennings Opticians Limited for the year ended 28 February 2023 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jennings Opticians Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jennings Opticians Limited and state those matters that we have agreed to state to the director of Jennings Opticians Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jennings Opticians Limited and its director for our work or for this report.

It is your duty to ensure that Jennings Opticians Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jennings Opticians Limited. You consider that Jennings Opticians Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jennings Opticians Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL


23 October 2023