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REGISTERED NUMBER: 06540922 (England and Wales)















A.R.OPTICAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.R.OPTICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: D M D Taylor





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06540922 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,750 11,000
Tangible assets 5 32,460 4,637
41,210 15,637

CURRENT ASSETS
Stocks 11,286 11,107
Debtors 6 53,201 64,306
Cash at bank 9,122 6,250
73,609 81,663
CREDITORS
Amounts falling due within one year 7 33,748 26,672
NET CURRENT ASSETS 39,861 54,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,071

70,628

CREDITORS
Amounts falling due after more than one
year

8

(36,239

)

(26,094

)

PROVISIONS FOR LIABILITIES (6,167 ) (881 )
NET ASSETS 38,665 43,653

A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

BALANCE SHEET - continued
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 38,565 43,553
SHAREHOLDERS' FUNDS 38,665 43,653

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th March 2024 and were signed by:





D M D Taylor - Director


A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

A.R.Optical 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

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

2. ACCOUNTING POLICIES - continued
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.

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 45,000
AMORTISATION
At 1st November 2022 34,000
Charge for year 2,250
At 31st October 2023 36,250
NET BOOK VALUE
At 31st October 2023 8,750
At 31st October 2022 11,000

A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st November 2022 12,468 11,931 408 24,807
Additions 36,444 - - 36,444
Disposals (3,500 ) - - (3,500 )
At 31st October 2023 45,412 11,931 408 57,751
DEPRECIATION
At 1st November 2022 10,805 8,997 368 20,170
Charge for year 4,675 440 6 5,121
At 31st October 2023 15,480 9,437 374 25,291
NET BOOK VALUE
At 31st October 2023 29,932 2,494 34 32,460
At 31st October 2022 1,663 2,934 40 4,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 938 15,068
Amounts owed from group
undertakings 48,000 48,000
Other debtors 2,180 -
VAT 1,256 487
Prepayments and accrued income 827 751
53,201 64,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,000 8,811
Hire purchase contracts 7,299 -
Trade creditors 8,104 3,701
Corporation Tax - 9,830
Social security and other taxes 682 549
Other creditors 4,000 -
Directors' current accounts 796 527
Accruals and deferred income 3,867 3,254
33,748 26,672

A.R.OPTICAL LIMITED (REGISTERED NUMBER: 06540922)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,000 9,034
Bank loans - 2-5 years 7,905 17,060
Hire purchase contracts 19,334 -
36,239 26,094

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- D M D Taylor was owed £796 (2022 - £527)

At the year end the company was owed £45,000 (2022 - £45,000) by David Taylor Optical Limited a company under the control of the director and shareholder D M D Taylor.