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REGISTERED NUMBER: 07723687 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

K P Optical (London) Limited

K P Optical (London) Limited (Registered number: 07723687)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


K P Optical (London) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr Kishan Patel





REGISTERED OFFICE: 332 Pinner Road
North Harrow
MIDDLESEX
HA1 4LB





REGISTERED NUMBER: 07723687 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

K P Optical (London) Limited (Registered number: 07723687)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 966 1,585

CURRENT ASSETS
Debtors 5 1,685 4,987
Cash at bank 97,689 96,490
99,374 101,477
CREDITORS
Amounts falling due within one year 6 93,291 94,211
NET CURRENT ASSETS 6,083 7,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,049

8,851

PROVISIONS FOR LIABILITIES 64 156
NET ASSETS 6,985 8,695

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,984 8,694
SHAREHOLDERS' FUNDS 6,985 8,695

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 December 2023 and were signed by:




Mr Kishan Patel - Director


K P Optical (London) Limited (Registered number: 07723687)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

K P Optical (London) 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.

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 etc - 25% on cost and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

K P Optical (London) Limited (Registered number: 07723687)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 8,098
DEPRECIATION
At 1 September 2022 6,513
Charge for year 619
At 31 August 2023 7,132
NET BOOK VALUE
At 31 August 2023 966
At 31 August 2022 1,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,685 4,987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 516 460
Other creditors 92,775 93,751
93,291 94,211

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 August 2023, KP Optical (London) Ltd owed £82,363 to its director. This amount is reflected in the director`s loan account in credit balance, which is shown as Other creditors under Creditors due within one year. Please be advised that the director has agreed to provide this loan on an interest free basis and the loan is repayable on demand.