I W O LIMITED

Company Registration Number:
04540552 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

I W O LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

I W O LIMITED

Company Information

for the Period Ended 30 November 2023




Director: John Barras
Secretary: Jean Keys
Registered office: 73
Main Street
Bulwell
Nottingham
NG6 8QD
Company Registration Number: 04540552 (England and Wales)

I W O LIMITED

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal Activities

Opticians conduct eye examinations, sales of spectacles and contact lenses.

Directors

The director(s) shown below were appointed to the company during the period
John Barras
01 December 2022

Secretary
Jean Keys

This report was approved by the board of directors on 31 August 2024
And Signed On Behalf Of The Board By:

Name: John Barras
Status: Director

I W O LIMITED

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 167,764 164,809
Cost of sales ( 40,361 ) ( 24,866 )
Gross Profit or (Loss) 127,403 139,943
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 125,318 ) ( 130,433 )
Operating Profit or (Loss) 2,085 9,510
Profit or (Loss) Before Tax 2,085 9,510
Profit or (Loss) for Period 2,085 9,510

The notes form part of these financial statements

I W O LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 3,276 3,952
Total fixed assets: 3,276 3,952
Current assets
Stocks: 6,200 7,680
Cash at bank and in hand: 33,215 13,289
Total current assets: 39,415 20,969
Creditors: amounts falling due within one year: 5 ( 39,456 ) ( 100,681 )
Net current assets (liabilities): ( 41 ) ( 79,712 )
Total assets less current liabilities: 3,235 ( 75,760 )
Creditors: amounts falling due after more than one year: 6 ( 27,221 ) ( 10,351 )
Total net assets (liabilities): ( 23,986 ) ( 86,111 )

The notes form part of these financial statements

I W O LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 3
Profit and loss account: ( 23,988 ) ( 86,114 )
Shareholders funds: ( 23,986 ) ( 86,111 )

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 August 2024
And Signed On Behalf Of The Board By:

Name: John Barras
Status: Director

The notes form part of these financial statements

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 2

    We closed a practice down in July 2022, and had to let the staff go.

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 December 2022 13,836 46,326 - 60,162
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 November 2023 13,836 46,326 - 60,162
Depreciation
At 01 December 2022 12,948 43,262 - 56,210
Charge for year 216 460 - 676
On disposals - - - -
Other adjustments - - - -
At 30 November 2023 13,164 43,722 - 56,886
Net book value
At 30 November 2023 672 2,604 - 3,276
At 30 November 2022 888 3,064 - 3,952

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 11,882 9,657
Trade creditors 38,676
Taxation and social security 25,268 26,372
Other creditors 2,306 25,976
Total 39,456 100,681

I W O LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 27,221 10,351
Total 27,221 10,351