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REGISTERED NUMBER: 04917165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hynes Optometrists Limited

Hynes Optometrists Limited (Registered number: 04917165)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hynes Optometrists Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C D Hynes
Mrs J P Hynes
M A Tufail
Ms P L M Mbire





SECRETARY: C D Hynes





REGISTERED OFFICE: 14 Amherst Avenue
London
W13 8NQ





REGISTERED NUMBER: 04917165 (England and Wales)





ACCOUNTANTS: Shaw Accounting Services Limited
14 Amherst Avenue
London
W13 8NQ

Hynes Optometrists Limited (Registered number: 04917165)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 95,403 117,614
95,403 117,614

CURRENT ASSETS
Stocks 71,659 70,762
Debtors 6 595 -
Cash at bank 876,942 749,434
949,196 820,196
CREDITORS
Amounts falling due within one year 7 120,858 103,827
NET CURRENT ASSETS 828,338 716,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,741

833,983

PROVISIONS FOR LIABILITIES 23,455 21,975
NET ASSETS 900,286 812,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 900,186 811,908
SHAREHOLDERS' FUNDS 900,286 812,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Hynes Optometrists Limited (Registered number: 04917165)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:




C D Hynes - Director



Mrs J P Hynes - Director


Hynes Optometrists Limited (Registered number: 04917165)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hynes Optometrists 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 represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on reducing balance and 25% 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 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.

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

Hynes Optometrists Limited (Registered number: 04917165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023
and 31 March 2024 250,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 24,500 260,376 284,876
Additions - 20,431 20,431
Disposals - (12,500 ) (12,500 )
At 31 March 2024 24,500 268,307 292,807
DEPRECIATION
At 1 April 2023 19,649 147,613 167,262
Charge for year 2,450 40,192 42,642
Eliminated on disposal - (12,500 ) (12,500 )
At 31 March 2024 22,099 175,305 197,404
NET BOOK VALUE
At 31 March 2024 2,401 93,002 95,403
At 31 March 2023 4,851 112,763 117,614

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 595 -

Hynes Optometrists Limited (Registered number: 04917165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 80,545 65,514
Other creditors 40,313 38,313
120,858 103,827

8. RELATED PARTY DISCLOSURES

The rent was paid to Joy and Colin Hynes.