Company Registration No. 11512891 (England and Wales)
Hassan-Hicks Opticians LTD
Unaudited accounts
for the year ended 30 November 2023
Hassan-Hicks Opticians LTD
Unaudited accounts
Contents
Hassan-Hicks Opticians LTD
Company Information
for the year ended 30 November 2023
Directors
Turgay Hassan-Hicks
Anne Hassan-Hicks
Lora Hassan-Green
Company Number
11512891 (England and Wales)
Registered Office
Hassan-Hicks
18 St. Thomas Street
Lymington
Hampshire
SO41 9NB
England
Accountants
Hannah L Oatley
Crofton
64 The Avenue
Totland Bay
Isle Of Wight
PO39 0DN
Hassan-Hicks Opticians LTD
Statement of financial position
as at 30 November 2023
Intangible assets
202,335
242,802
Tangible assets
14,713
18,417
Cash at bank and in hand
207,579
87,116
Creditors: amounts falling due within one year
(418,203)
(330,017)
Net current liabilities
(166,110)
(213,105)
Total assets less current liabilities
50,938
48,114
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Called up share capital
60
60
Profit and loss account
35,878
23,054
Shareholders' funds
35,938
23,114
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Turgay Hassan-Hicks
Director
Company Registration No. 11512891
Hassan-Hicks Opticians LTD
Notes to the Accounts
for the year ended 30 November 2023
Hassan-Hicks Opticians LTD is a private company, limited by shares, registered in England and Wales, registration number 11512891. The registered office is Hassan-Hicks, 18 St. Thomas Street, Lymington, Hampshire, SO41 9NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
Computer equipment
33% on Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 10% straight Line
4
Intangible fixed assets
Goodwill
At 1 December 2022
404,670
At 30 November 2023
404,670
At 1 December 2022
161,868
Charge for the year
40,467
At 30 November 2023
202,335
At 30 November 2023
202,335
At 30 November 2022
242,802
Hassan-Hicks Opticians LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
34,509
2,250
9,110
45,869
Additions
980
-
1,927
2,907
At 30 November 2023
35,489
2,250
11,037
48,776
At 1 December 2022
18,368
1,538
7,546
27,452
Charge for the year
4,279
178
2,154
6,611
At 30 November 2023
22,647
1,716
9,700
34,063
At 30 November 2023
12,842
534
1,337
14,713
At 30 November 2022
16,141
712
1,564
18,417
Amounts falling due within one year
Accrued income and prepayments
1,170
1,100
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
43,448
21,289
Taxes and social security
47,144
29,013
Other creditors
6,430
4,433
Loans from directors
310,992
265,145
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).