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REGISTERED NUMBER: 01015615 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AUCKLAND (OPTICIANS) LIMITED

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUCKLAND (OPTICIANS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R H Auckland
Mrs C Auckland-Shone
Mr T W Shone



SECRETARY: Mrs K Unwin



REGISTERED OFFICE: 9 High Street
Horbury
Wakefield
West Yorkshire
WF4 5AB



REGISTERED NUMBER: 01015615 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Barclays Bank plc
17 Market Place
Huddersfield
West Yorkshire
HD1 2AA

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 256,170 318,888
Tangible assets 5 227,929 229,637
484,099 548,525

CURRENT ASSETS
Stocks 6 122,000 83,000
Debtors 7 458,705 428,647
Investments 8 227,249 247,045
Cash at bank and in hand 98,568 156,716
906,522 915,408
CREDITORS
Amounts falling due within one year 9 198,616 172,583
NET CURRENT ASSETS 707,906 742,825
TOTAL ASSETS LESS CURRENT LIABILITIES 1,192,005 1,291,350

CREDITORS
Amounts falling due after more than
one year

10

(24,077

)

(34,077

)

PROVISIONS FOR LIABILITIES 11 (40,276 ) (40,823 )
NET ASSETS 1,127,652 1,216,450

CAPITAL AND RESERVES
Called up share capital 12 920 920
Retained earnings 1,126,732 1,215,530
SHAREHOLDERS' FUNDS 1,127,652 1,216,450

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mrs C Auckland-Shone - Director


AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Auckland (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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when goods are collected by the customer.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and is being amortised evenly over its estimated useful life of ten years.

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.

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
All tangible fixed assets are initially recorded at cost.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 20% on cost
Computer equipment - 33% on cost
Motor vehicles - 25% on reducing balance

Freehold buildings are not depreciated as they are maintained to such a standard that any depreciation would be immaterial.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.
Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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.

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Interest relating to Hire Purchase accounts is charged against profit on the basis of equal monthly amounts.

Pension costs
The company contributes to employees personal pension schemes. The annual contributions payable are charged to the profit and loss account.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Deferred government grants
Government grants in respect of capital expenditure are credited against the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2022
and 31 March 2023 627,179
AMORTISATION
At 1 April 2022 308,291
Amortisation for year 62,718
At 31 March 2023 371,009
NET BOOK VALUE
At 31 March 2023 256,170
At 31 March 2022 318,888

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
computer Motor
equipment vehicles Totals
£ £ £
COST
At 1 April 2022 669,244 47,213 716,457
Additions 54,155 14,450 68,605
Disposals (46,030 ) - (46,030 )
At 31 March 2023 677,369 61,663 739,032
DEPRECIATION
At 1 April 2022 473,902 12,918 486,820
Charge for year 63,259 7,054 70,313
Eliminated on disposal (46,030 ) - (46,030 )
At 31 March 2023 491,131 19,972 511,103
NET BOOK VALUE
At 31 March 2023 186,238 41,691 227,929
At 31 March 2022 195,342 34,295 229,637

6. STOCKS
31.3.23 31.3.22
£ £
Goods for resale 122,000 83,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 1,451 1,220
Other debtors 400,000 400,000
Directors' current accounts 33,564 1,963
VAT 1,402 -
Prepayments and accrued income 22,288 25,464
458,705 428,647

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£ £
Investment Bond 227,249 247,045

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans and overdrafts 20,136 29,475
Trade creditors 80,312 73,373
Corporation tax 51,730 19,399
Social security and other taxes 14,677 12,848
VAT - 2,718
Directors' current accounts 17,895 20,945
Accruals and deferred income 13,866 13,825
198,616 172,583

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,077 24,077
24,077 34,077

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£ £
Deferred tax 40,276 40,823

Deferred tax
£
Balance at 1 April 2022 40,823
Movement during the year (547 )
Balance at 31 March 2023 40,276

AUCKLAND (OPTICIANS) LIMITED (REGISTERED NUMBER: 01015615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully
paid:

Number: Class: Nominal value: 31.3.23 31.3.22
£    £   
0 Ordinary £1 0 0
92 Ordinary A £1 92 92
46 Ordinary B £1 46 46
762 Ordinary C £1 762 762
10 Ordinary D £1 10 10
10 Ordinary E £1 10 10
920 920

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£ £
Mrs C Auckland-Shone
Balance outstanding at start of year 1,963 57,688
Amounts advanced 191,809 104,483
Amounts repaid (160,208 ) (160,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,564 1,963

14. RELATED PARTY DISCLOSURES

The company occupies rent free, certain premises which are personally owned by Mr R H Auckland.

At 31st March 2023 the company had made a loan of £400,000 (2022 - £400,000) to CMAS Properties Limited on a secured, interest free basis. Mrs C M Auckland-Shone is sole director/shareholder of the borrowing company.