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REGISTERED NUMBER: 01419857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2023 TO 31 MARCH 2024

FOR

C.J. PACKFORD (OPTICIAN) LIMITED

C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.J. PACKFORD (OPTICIAN) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024







DIRECTORS: C Packford
I Hakim





REGISTERED OFFICE: Unit 317
India Mill Business Centre
Darwen
Lancashire
BB3 1AE





REGISTERED NUMBER: 01419857 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

BALANCE SHEET
31 MARCH 2024

30.6.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
1 Intangible assets 4 -
13,113 Tangible assets 5 11,629
13,114 11,629

CURRENT ASSETS
47,380 Stocks 52,661
109,199 Debtors 6 76,187
2,207 Cash at bank and in hand 1,050
158,786 129,898
CREDITORS
120,781 Amounts falling due within one year 7 138,606
38,005 NET CURRENT (LIABILITIES)/ASSETS (8,708 )
51,119 TOTAL ASSETS LESS CURRENT
LIABILITIES

2,921

CREDITORS
(47,598 ) Amounts falling due after more than one
year

8

-

(2,491 ) PROVISIONS FOR LIABILITIES (2,736 )
1,030 NET ASSETS 185

C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

BALANCE SHEET - continued
31 MARCH 2024

30.6.23 31.3.24
£    £    Notes £    £   
CAPITAL AND RESERVES
100 Called up share capital 100
930 Retained earnings 85
1,030 SHAREHOLDERS' FUNDS 185

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 4 July 2024 and were signed on its behalf by:





C Packford - Director


C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

C.J. Packford (Optician) 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.

Turnover represents the value of work completed and sales made, by reference to invoiced sales and the movement between opening and closing trade debtors.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result int he recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

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 period was 8 (2023 - 8 ) .

C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 31 March 2024 3,596
AMORTISATION
At 1 July 2023 3,595
Charge for period 1
At 31 March 2024 3,596
NET BOOK VALUE
At 31 March 2024 -
At 30 June 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
Totals leasehold machinery fittings
£    £    £    £   
COST
At 1 July 2023
and 31 March 2024 180,341 27,394 75,203 77,744
DEPRECIATION
At 1 July 2023 167,228 27,393 64,934 74,901
Charge for period 1,484 1 1,161 322
At 31 March 2024 168,712 27,394 66,095 75,223
NET BOOK VALUE
At 31 March 2024 11,629 - 9,108 2,521
At 30 June 2023 13,113 1 10,269 2,843

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade debtors 16,450 18,355
Other debtors 59,737 90,844
76,187 109,199

C.J. PACKFORD (OPTICIAN) LIMITED (REGISTERED NUMBER: 01419857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans and overdrafts 40,320 23,476
Trade creditors 19,972 29,291
Taxation and social security 39,948 22,661
Other creditors 38,366 45,353
138,606 120,781

The bank and other loans have been repaid after the period end.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans - 19,920
Other creditors - 27,678
- 47,598

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.6.23
£    £   
Bank overdrafts 17,870 13,455
Bank loans 22,450 29,941
40,320 43,396

The company's bank overdraft and loan are secured by a debenture held over all of the company's assets.