Registered number
08018130
SIHRA OPTICS LTD
Filleted Accounts
31 March 2024
SIHRA OPTICS LTD
Registered number: 08018130
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 368 79
Current assets
Debtors 4 2,525 5,200
Cash at bank and in hand 3,641 3,531
6,166 8,731
Creditors: amounts falling due within one year 5 (3,316) (3,840)
Net current assets 2,850 4,891
Total assets less current liabilities 3,218 4,970
Creditors: amounts falling due after more than one year 6 (1,932) (913)
Net assets 1,286 4,057
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,284 4,055
Shareholders' funds 1,286 4,057
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
RESHARON KAUR SIHRA
Director
Approved by the board on 12 April 2024
SIHRA OPTICS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,605
Additions 410
At 31 March 2024 4,015
Depreciation
At 1 April 2023 3,526
Charge for the year 121
At 31 March 2024 3,647
Net book value
At 31 March 2024 368
At 31 March 2023 79
4 Debtors 2024 2023
£ £
Trade debtors 2,525 5,200
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,372 3,175
Other creditors 944 665
3,316 3,840
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 1,932 913
7 Other information
SIHRA OPTICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
SPRING HOUSE
WEXHAM STREET
STOKE POGES
SLOUGH
SL3 6NJ
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