IRIS Accounts Production v23.4.0.336 04501571 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045015712022-07-31045015712023-07-31045015712022-08-012023-07-31045015712021-07-31045015712021-08-012022-07-31045015712022-07-3104501571ns15:EnglandWales2022-08-012023-07-3104501571ns14:PoundSterling2022-08-012023-07-3104501571ns10:Director12022-08-012023-07-3104501571ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104501571ns10:SmallEntities2022-08-012023-07-3104501571ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3104501571ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104501571ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3104501571ns10:FullAccounts2022-08-012023-07-310450157112022-08-012023-07-3104501571ns10:OrdinaryShareClass12022-08-012023-07-3104501571ns10:Director22022-08-012023-07-3104501571ns10:CompanySecretary12022-08-012023-07-3104501571ns10:RegisteredOffice2022-08-012023-07-3104501571ns5:CurrentFinancialInstruments2023-07-3104501571ns5:CurrentFinancialInstruments2022-07-3104501571ns5:Non-currentFinancialInstruments2023-07-3104501571ns5:Non-currentFinancialInstruments2022-07-3104501571ns5:ShareCapital2023-07-3104501571ns5:ShareCapital2022-07-3104501571ns5:RetainedEarningsAccumulatedLosses2023-07-3104501571ns5:RetainedEarningsAccumulatedLosses2022-07-3104501571ns5:NetGoodwill2022-08-012023-07-3104501571ns5:FurnitureFittings2022-08-012023-07-3104501571ns5:NetGoodwill2022-07-3104501571ns5:NetGoodwill2023-07-3104501571ns5:NetGoodwill2022-07-3104501571ns5:FurnitureFittings2022-07-3104501571ns5:FurnitureFittings2023-07-3104501571ns5:FurnitureFittings2022-07-3104501571ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-07-3104501571ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3104501571ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-07-3104501571ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2022-07-3104501571ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3104501571ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3104501571ns5:Secured2023-07-3104501571ns5:Secured2022-07-3104501571ns10:OrdinaryShareClass12023-07-3104501571ns10:Director222022-07-3104501571ns10:Director222021-07-3104501571ns10:Director222022-08-012023-07-3104501571ns10:Director222021-08-012022-07-3104501571ns10:Director222023-07-3104501571ns10:Director222022-07-31
REGISTERED NUMBER: 04501571 (England and Wales)















Martin Christopher Opticians Limited

Unaudited Financial Statements

for the year ended

31 July 2023






Martin Christopher Opticians Limited (Registered number: 04501571)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Chartered Accountants' Report 7

Martin Christopher Opticians Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: M E Christopher
J E Christopher





SECRETARY: Mrs A P Christopher





REGISTERED OFFICE: Church Street
Attleborough
Norfolk
NR17 2AH





REGISTERED NUMBER: 04501571 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Martin Christopher Opticians Limited (Registered number: 04501571)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 12,017 20,036
12,017 20,036

CURRENT ASSETS
Stocks 28,000 30,142
Debtors 7 18,997 20,506
Cash at bank and in hand 13,391 16,011
60,388 66,659
CREDITORS
Amounts falling due within one year 8 (29,811 ) (38,704 )
NET CURRENT ASSETS 30,577 27,955
TOTAL ASSETS LESS CURRENT LIABILITIES 42,594 47,991

CREDITORS
Amounts falling due after more than one year 9 (15,333 ) (2,908 )

PROVISIONS FOR LIABILITIES (2,283 ) (3,807 )
NET ASSETS 24,978 41,276

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 24,878 41,176
SHAREHOLDERS' FUNDS 24,978 41,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





J E Christopher - Director


Martin Christopher Opticians Limited (Registered number: 04501571)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Martin Christopher Opticians 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2002, has been fully amortised over twelve years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Martin Christopher Opticians Limited (Registered number: 04501571)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 80,000
AMORTISATION
At 1 August 2022
and 31 July 2023 80,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 134,309
Additions 706
At 31 July 2023 135,015
DEPRECIATION
At 1 August 2022 114,273
Charge for year 8,725
At 31 July 2023 122,998
NET BOOK VALUE
At 31 July 2023 12,017
At 31 July 2022 20,036

Martin Christopher Opticians Limited (Registered number: 04501571)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 34,892
DEPRECIATION
At 1 August 2022 26,169
Charge for year 6,978
At 31 July 2023 33,147
NET BOOK VALUE
At 31 July 2023 1,745
At 31 July 2022 8,723

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,191 13,423
Other debtors 5,806 7,083
18,997 20,506

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 2,908 6,978
Trade creditors 12,762 18,759
Taxation and social security 3,723 10,457
Other creditors 10,418 2,510
29,811 38,704

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Finance leases - 2,908
Other creditors 15,333 -
15,333 2,908

Martin Christopher Opticians Limited (Registered number: 04501571)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 19,333 -
Finance leases 2,908 9,886
22,241 9,886

Finance leases are secured on the assets to which they relate.

The loan is guaranteed by a director.

11. CALLED UP SHARE CAPITAL

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
M E Christopher
Balance outstanding at start of year 36 348
Amounts advanced 1,000 -
Amounts repaid (5,769 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,733 ) 36

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Martin Christopher Opticians Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Martin Christopher Opticians Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Martin Christopher Opticians Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Martin Christopher Opticians Limited and state those matters that we have agreed to state to the Board of Directors of Martin Christopher Opticians Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Martin Christopher Opticians Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Martin Christopher Opticians Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Martin Christopher Opticians Limited. You consider that Martin Christopher Opticians Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Martin Christopher Opticians Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................