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Company Registration No. 6760894 (England and Wales)
Eye Express.com Ltd Unaudited accounts for the year ended 30 November 2023
Eye Express.com Ltd Unaudited accounts Contents
Page
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Eye Express.com Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,346 
11,664 
Current assets
Inventories
18,220 
14,905 
Debtors
935,051 
913,141 
Cash at bank and in hand
1,815,184 
1,459,036 
2,768,455 
2,387,082 
Creditors: amounts falling due within one year
(157,872)
(93,707)
Net current assets
2,610,583 
2,293,375 
Net assets
2,696,929 
2,305,039 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,696,829 
2,304,939 
Shareholders' funds
2,696,929 
2,305,039 
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 director acknowledges her 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 and authorised for issue on 13 August 2024 and were signed on its behalf by
B K Dhinsa Director Company Registration No. 6760894
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Eye Express.com Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Eye Express.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 6760894. The registered office is 72 Richmond Hill Road, Birmingham, B15 3SA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Motor vehicles
20% on the reducing balance
Fixtures & fittings
10% on the reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Eye Express.com Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
- 
50,484 
50,484 
Additions
94,810 
- 
94,810 
At 30 November 2023
94,810 
50,484 
145,294 
Depreciation
At 1 December 2022
- 
38,820 
38,820 
Charge for the year
18,962 
1,166 
20,128 
At 30 November 2023
18,962 
39,986 
58,948 
Net book value
At 30 November 2023
75,848 
10,498 
86,346 
At 30 November 2022
- 
11,664 
11,664 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,458 
79,272 
Other debtors
917,593 
833,869 
935,051 
913,141 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
343 
838 
Trade creditors
23,308 
21,491 
Taxes and social security
106,680 
65,372 
Loans from directors
27,541 
6,006 
157,872 
93,707 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
B K Dhinsa
Directors Loan Account
6,006 
21,535 
- 
27,541 
6,006 
21,535 
- 
27,541 
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Eye Express.com Ltd Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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