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REGISTERED NUMBER: 01776211 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Robinsons Opticians Limited

Robinsons Opticians Limited (Registered number: 01776211)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Robinsons Opticians Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I A Robinson
G N Crossley
P N Crossley





SECRETARY: Mrs J Robinson





REGISTERED OFFICE: 9 Newbiggin
Malton
North Yorkshire
YO17 7JE





REGISTERED NUMBER: 01776211 (England and Wales)





ACCOUNTANTS: Hardcastle France
Chartered Accountants
30 Yorkersgate
Malton
North Yorkshire
YO17 7AW

Robinsons Opticians Limited (Registered number: 01776211)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,484 47,094

CURRENT ASSETS
Stocks 49,096 53,309
Debtors 5 45,685 38,761
Cash at bank and in hand 172,340 168,788
267,121 260,858
CREDITORS
Amounts falling due within one year 6 181,909 188,632
NET CURRENT ASSETS 85,212 72,226
TOTAL ASSETS LESS CURRENT LIABILITIES 118,696 119,320

CREDITORS
Amounts falling due after more than one
year

7

-

(2,500

)

PROVISIONS FOR LIABILITIES (1,434 ) (1,842 )
NET ASSETS 117,262 114,978

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 117,162 114,878
SHAREHOLDERS' FUNDS 117,262 114,978

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

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

Robinsons Opticians Limited (Registered number: 01776211)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





I A Robinson - Director


Robinsons Opticians Limited (Registered number: 01776211)

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

1. STATUTORY INFORMATION

Robinsons Opticians 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost and 2% on cost
Plant and machinery - 33.33% on cost, 20% on cost and 15% on reducing balance
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost or 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 Statement of Income and Retained Earnings, 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.

Robinsons Opticians Limited (Registered number: 01776211)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 419,198
Additions 3,316
At 31 January 2024 422,514
DEPRECIATION
At 1 February 2023 372,104
Charge for year 16,926
At 31 January 2024 389,030
NET BOOK VALUE
At 31 January 2024 33,484
At 31 January 2023 47,094


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,303 34,981
Other debtors 4,382 3,780
45,685 38,761

Robinsons Opticians Limited (Registered number: 01776211)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 208
Trade creditors 25,152 21,694
Taxation and social security 18,902 17,465
Other creditors 25,133 10,505
Leases 2,500 9,833
Directors' current accounts 110,222 128,927
181,909 188,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Leases - 2,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 208

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

At 31 January 2024, the company owed £110,222 to its directors (2023: £128,927).

Neither loan account was overdrawn at any point during the year. No interest has been charged, or is payable. Loans are repayable on demand and classified in creditors due within one year.

Total dividends paid to directors and their wives in the year amounted to £24,000 (2023: £24,000).