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Company Registration No. 04467920 (England and Wales)
OLIVERS OPTICIANS LIMITED Unaudited accounts for the year ended 30 June 2023
OLIVERS OPTICIANS LIMITED Unaudited accounts Contents
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OLIVERS OPTICIANS LIMITED Company Information for the year ended 30 June 2023
Directors
Erica Gill Oliver Sansum
Secretary
lynne Sansum
Company Number
04467920 (England and Wales)
Registered Office
Chalfont St Peter Buckinghamshire SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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OLIVERS OPTICIANS LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,874 
2,485 
Current assets
Inventories
63,271 
61,117 
Debtors
1,524 
6,567 
Cash at bank and in hand
20,095 
13,660 
84,890 
81,344 
Creditors: amounts falling due within one year
(54,875)
(50,692)
Net current assets
30,015 
30,652 
Net assets
31,889 
33,137 
Capital and reserves
Called up share capital
102 
102 
Share premium
30,000 
30,000 
Profit and loss account
1,787 
3,035 
Shareholders' funds
31,889 
33,137 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Oliver Sansum Director Company Registration No. 04467920
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OLIVERS OPTICIANS LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
OLIVERS OPTICIANS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04467920. The registered office is Chalfont St Peter, Buckinghamshire, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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OLIVERS OPTICIANS LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
15,799 
62,961 
78,760 
At 30 June 2023
15,799 
62,961 
78,760 
Depreciation
At 1 July 2022
15,291 
60,984 
76,275 
Charge for the year
117 
494 
611 
At 30 June 2023
15,408 
61,478 
76,886 
Net book value
At 30 June 2023
391 
1,483 
1,874 
At 30 June 2022
508 
1,977 
2,485 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,164 
6,284 
Trade debtors
360 
283 
1,524 
6,567 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
22,100 
26,524 
Taxes and social security
6,924 
1,487 
Other creditors
4,703 
7,033 
Loans from directors
19,359 
13,859 
Accruals
1,789 
1,789 
54,875 
50,692 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
8
Loans to directors
At 30 June 2023 the directors are owed £19,359 (2022 - £13,859). During the year the directors charged £461 interest on this loan to the company. The has been included in above balance and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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