Registered number
09256101
Eden Optics Limited
Filleted Accounts
31 October 2023
Eden Optics Limited
Registered number: 09256101
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,044 8,568
Current assets
Debtors 4 35,917 21,834
Cash at bank and in hand 2,285 16,776
38,202 38,610
Creditors: amounts falling due within one year 5 (27,582) (33,773)
Net current assets 10,620 4,837
Net assets 12,664 13,405
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,564 13,305
Shareholder's funds 12,664 13,405
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Daniel Alan Hudson Irving
Director
Approved by the board on 29 July 2024
Eden Optics Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 38,765
At 31 October 2023 38,765
Depreciation
At 1 November 2022 30,197
Charge for the year 6,524
At 31 October 2023 36,721
Net book value
At 31 October 2023 2,044
At 31 October 2022 8,568
4 Debtors 2023 2022
£ £
Trade debtors 32,762 18,679
Other debtors 3,155 3,155
35,917 21,834
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (4,519) (3,097)
Trade creditors 7,601 7,601
Taxation and social security costs 20,348 29,055
Other creditors 4,152 214
27,582 33,773
6 Other information
Eden Optics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Certax (Sunderland) Limited
14 Foyle Street
Sunderland
SR1 1LE
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