Company registration number 11332606 (England and Wales)
WALLISDOWN OPTICAL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
WALLISDOWN OPTICAL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WALLISDOWN OPTICAL LTD
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
86,899
150,100
Cash at bank and in hand
2,185
2,911
89,084
153,011
Creditors: amounts falling due within one year
4
(15,937)
(70,489)
Net current assets
73,147
82,522
Creditors: amounts falling due after more than one year
5
(73,047)
(82,422)
Net assets
100
100
Capital and reserves
-
-
Called up share capital
6
100
100

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 April 2024
Mr Zabir Ali
Director
Company registration number 11332606 (England and Wales)
WALLISDOWN OPTICAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

Wallisdown Optical Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 West Borough, Wimborne, East Dorset, BH21 1NF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 30 April 2023 are the first financial statements of Wallisdown Optical Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 May 2021. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
86,899
150,100
WALLISDOWN OPTICAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
15,937
15,000
Other creditors
-
0
55,489
15,937
70,489
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
73,047
82,422
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
9,299
41,173
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
7
Related party transactions

During the year, the company loaned money to Wessex optical, a company with a common director . At the year end, the amount owed to Wallisdown optical was £86,899 this amount is included in debtors: amounts falling due within one year.

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