Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activity32022-06-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09273312 2022-06-01 2023-05-31 09273312 2021-06-01 2022-05-31 09273312 2023-05-31 09273312 2022-05-31 09273312 c:Director1 2022-06-01 2023-05-31 09273312 c:Director2 2022-06-01 2023-05-31 09273312 c:RegisteredOffice 2022-06-01 2023-05-31 09273312 d:FurnitureFittings 2022-06-01 2023-05-31 09273312 d:FurnitureFittings 2023-05-31 09273312 d:FurnitureFittings 2022-05-31 09273312 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 09273312 d:CurrentFinancialInstruments 2023-05-31 09273312 d:CurrentFinancialInstruments 2022-05-31 09273312 d:Non-currentFinancialInstruments 2023-05-31 09273312 d:Non-currentFinancialInstruments 2022-05-31 09273312 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09273312 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 09273312 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09273312 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 09273312 d:ShareCapital 2023-05-31 09273312 d:ShareCapital 2022-05-31 09273312 d:RetainedEarningsAccumulatedLosses 2023-05-31 09273312 d:RetainedEarningsAccumulatedLosses 2022-05-31 09273312 c:FRS102 2022-06-01 2023-05-31 09273312 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09273312 c:FullAccounts 2022-06-01 2023-05-31 09273312 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09273312 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 09273312







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


PANDYAWOOD OPTICAL LIMITED






































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PANDYAWOOD OPTICAL LIMITED
 


 
COMPANY INFORMATION


Directors
G K Pandya 
N G O Beckwood 




Registered number
09273312



Registered office
15 Yalding Road

London

SE16 3SS




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


PANDYAWOOD OPTICAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PANDYAWOOD OPTICAL LIMITED
REGISTERED NUMBER:09273312



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
422
562

Investments
 5 
386,658
386,658

  
387,080
387,220

Current assets
  

Stocks
  
2,129
1,791

Cash at bank and in hand
  
1,739
9,235

  
3,868
11,026

Creditors: amounts falling due within one year
 6 
(376,084)
(354,988)

Net current liabilities
  
 
 
(372,216)
 
 
(343,962)

Total assets less current liabilities
  
14,864
43,258

Creditors: amounts falling due after more than one year
 7 
(11,720)
(19,435)

Provisions for liabilities
  

Deferred tax
  
(141)
(141)

  
 
 
(141)
 
 
(141)

Net assets
  
3,003
23,682


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,903
23,582

  
3,003
23,682


The directors consider 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 directors acknowledge their 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 


PANDYAWOOD OPTICAL LIMITED
REGISTERED NUMBER:09273312


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N G O Beckwood
Director

Date: 1 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PANDYAWOOD OPTICAL LIMITED
 


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

1.


General information

Pandyawood Optical Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The principal place of business is 45 Danebury Avenue, London, SW15 4DQ.

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 represents amounts (excluding value added tax) derived from the provision of optical goods and services to customers during the year.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


 
2.5

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.

Page 3

 


PANDYAWOOD OPTICAL LIMITED
 


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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
Reducing balance 20%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price. Cost is based on the cost of purchase.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 


PANDYAWOOD OPTICAL LIMITED
 


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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2022
2,960



At 31 May 2023

2,960



Depreciation


At 1 June 2022
2,398


Charge for the year on owned assets
140



At 31 May 2023

2,538



Net book value



At 31 May 2023
422



At 31 May 2022
562


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
386,658



At 31 May 2023
386,658





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,858
7,534

Amounts owed to group undertakings
222,335
201,205

Other creditors
138,402
138,404

Accruals and deferred income
7,489
7,845

376,084
354,988


Page 5

 


PANDYAWOOD OPTICAL LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
11,720
19,435

11,720
19,435



8.


Transactions with directors

At the beginning of the year, included in other creditors, is an amount of £138,404 (2022: £138,404) owed to the directors G K Pandya and N G O Beckwood. During the year the company made no advances and received no repayments. As at 31 May 2023, the company owed the directors £138,404 (2022: £138,404) Interest of £11,793 was charged on these loans. 

 
Page 6