Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3052022-05-01false5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03882888 2022-05-01 2023-04-30 03882888 2021-05-01 2022-04-30 03882888 2023-04-30 03882888 2022-04-30 03882888 c:Director1 2022-05-01 2023-04-30 03882888 d:Buildings d:LongLeaseholdAssets 2022-05-01 2023-04-30 03882888 d:Buildings d:LongLeaseholdAssets 2023-04-30 03882888 d:Buildings d:LongLeaseholdAssets 2022-04-30 03882888 d:Buildings d:ShortLeaseholdAssets 2022-05-01 2023-04-30 03882888 d:MotorVehicles 2022-05-01 2023-04-30 03882888 d:FurnitureFittings 2022-05-01 2023-04-30 03882888 d:FurnitureFittings 2023-04-30 03882888 d:FurnitureFittings 2022-04-30 03882888 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03882888 d:OfficeEquipment 2023-04-30 03882888 d:OfficeEquipment 2022-04-30 03882888 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03882888 d:ComputerEquipment 2022-05-01 2023-04-30 03882888 d:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 03882888 d:OtherPropertyPlantEquipment 2023-04-30 03882888 d:OtherPropertyPlantEquipment 2022-04-30 03882888 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03882888 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03882888 d:Goodwill 2023-04-30 03882888 d:Goodwill 2022-04-30 03882888 d:CurrentFinancialInstruments 2023-04-30 03882888 d:CurrentFinancialInstruments 2022-04-30 03882888 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03882888 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 03882888 d:ShareCapital 2023-04-30 03882888 d:ShareCapital 2022-04-30 03882888 d:RetainedEarningsAccumulatedLosses 2023-04-30 03882888 d:RetainedEarningsAccumulatedLosses 2022-04-30 03882888 c:FRS102 2022-05-01 2023-04-30 03882888 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 03882888 c:FullAccounts 2022-05-01 2023-04-30 03882888 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 03882888










THE EYE CARE CENTRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
THE EYE CARE CENTRE LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 7


 
THE EYE CARE CENTRE LIMITED
REGISTERED NUMBER: 03882888

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,144
1,351

Current assets
  

Stocks
  
24,000
24,000

Debtors: amounts falling due within one year
 6 
8,095
43,068

Cash at bank and in hand
  
84,933
96,542

  
117,028
163,610

Creditors: amounts falling due within one year
 7 
(18,132)
(63,549)

Net current assets
  
 
 
98,896
 
 
100,061

Total assets less current liabilities
  
100,040
101,412

  

Net assets
  
100,040
101,412


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
40
1,412

  
100,040
101,412


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 November 2023.

Mr S. Jolly
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The Eye Care Centre Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD. Its principal place of business is 796 High Street, Kingswinford, West Midlands, DY6 8AA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life being 20 years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Short term leasehold property
-
over the term of the lease
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
33% reducing balance
Property alterations
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

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

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
53,999



At 30 April 2023

53,999



Amortisation


At 1 May 2022
53,999



At 30 April 2023

53,999



Net book value



At 30 April 2023
-



At 30 April 2022
-



Page 5

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Short term leasehold property
Fixtures & fittings
Computer equipment
Property alterations
Total

£
£
£
£
£



Cost 


At 1 May 2022
3,075
36,284
4,478
5,422
49,259



At 30 April 2023

3,075
36,284
4,478
5,422
49,259



Depreciation


At 1 May 2022
3,075
35,030
4,478
5,325
47,908


Charge for the year on owned assets
-
188
-
19
207



At 30 April 2023

3,075
35,218
4,478
5,344
48,115



Net book value



At 30 April 2023
-
1,066
-
78
1,144



At 30 April 2022
-
1,254
-
97
1,351


6.


Debtors

2023
2022
£
£


Trade debtors
5,803
9,018

Other debtors
1,592
33,381

Prepayments and accrued income
700
669

8,095
43,068


Page 6

 
THE EYE CARE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
45,463

Corporation tax
12,185
12,338

Other creditors
646
357

Accruals and deferred income
5,301
5,391

18,132
63,549



8.


Transactions with directors

Included in debtors is £Nil (2022: £32,773) owed by the director. The maximum amount owed during the year was £33,395. Interest was charged during the year of  £764 (2022: £323).

 
Page 7