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REGISTERED NUMBER: 09839504 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EXACT OPTICS LIMITED

EXACT OPTICS LIMITED (REGISTERED NUMBER: 09839504)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXACT OPTICS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: C Moir





SECRETARY: J R Lewis





REGISTERED OFFICE: Leonard House
1st Floor
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ





REGISTERED NUMBER: 09839504 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

EXACT OPTICS LIMITED (REGISTERED NUMBER: 09839504)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 18,999 18,999
Cash at bank - 70
18,999 19,069
CREDITORS
Amounts falling due within one year 5 92,372 91,396
NET CURRENT LIABILITIES (73,373 ) (72,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,373

)

(72,327

)

CREDITORS
Amounts falling due after more than one
year

6

6,133

6,133
NET LIABILITIES (79,506 ) (78,460 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (79,606 ) (78,560 )
(79,506 ) (78,460 )

EXACT OPTICS LIMITED (REGISTERED NUMBER: 09839504)

BALANCE SHEET - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





C Moir - Director


EXACT OPTICS LIMITED (REGISTERED NUMBER: 09839504)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Exact Optics 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.

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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence.
Due to the continued support of the Director it is considered appropriate to prepare the financial statements on this basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 18,999 18,999

EXACT OPTICS LIMITED (REGISTERED NUMBER: 09839504)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,723 1,643
Other creditors 89,649 89,753
92,372 91,396

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 6,133 6,133

7. RELATED PARTY DISCLOSURES

Included in other creditors are amounts due to the director totalling £16,000 (2022: £16,000). There are no fixed terms for the repayment of this amount.

Included in other debtors are amounts due from a company under common control of £18,999 (2022: £18,999).