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REGISTERED NUMBER: 01900287 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

John Fell Opticians Limited

John Fell Opticians Limited (Registered number: 01900287)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Fell Opticians Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J F Fell





SECRETARY: Mrs S M Fell





REGISTERED OFFICE: 8 The Parade
Uttoxeter Road
Mickleover
Derby
DE3 5GB





REGISTERED NUMBER: 01900287 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

John Fell Opticians Limited (Registered number: 01900287)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 97,994 113,870
Investment property 6 115,000 115,000
212,994 228,870

CURRENT ASSETS
Stocks 44,536 54,489
Debtors 7 138,065 124,232
Cash at bank and in hand 42,086 124,278
224,687 302,999
CREDITORS
Amounts falling due within one year 8 202,681 252,321
NET CURRENT ASSETS 22,006 50,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,000

279,548

CREDITORS
Amounts falling due after more than one
year

9

213,079

225,639
NET ASSETS 21,921 53,909

CAPITAL AND RESERVES
Called up share capital 15,100 15,100
Retained earnings 6,821 38,809
SHAREHOLDERS' FUNDS 21,921 53,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

John Fell Opticians Limited (Registered number: 01900287)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





J F Fell - Director


John Fell Opticians Limited (Registered number: 01900287)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

John Fell 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of goods and services, excluding value added tax and is recognised in the period in which the goods and services were provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Assets on finance lease are depreciated over the term of the lease.

Investment property
Investment property is not depreciated but is revalued annually at its market value in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in market value is recognised in the profit or loss and transferred to a fair value reserve.

Stocks
Stocks are stated at the lower of cost and net estimated selling prices less selling costs. In determining the cost , the weighted average purchase price is used.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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.

Grants
Revenue grants are recognised in the profit and loss so as to match with the expenditure to which they are intended to contribute. Capital grants are recognised in the profit and loss over the useful economic life of the related asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

John Fell Opticians Limited (Registered number: 01900287)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 70,000
AMORTISATION
At 1 January 2023
and 31 December 2023 70,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 64,380 213,727 220,200 41,001 539,308
Additions - - - 352 352
At 31 December 2023 64,380 213,727 220,200 41,353 539,660
DEPRECIATION
At 1 January 2023 29,895 151,024 205,740 38,779 425,438
Charge for year 754 10,993 3,654 827 16,228
At 31 December 2023 30,649 162,017 209,394 39,606 441,666
NET BOOK VALUE
At 31 December 2023 33,731 51,710 10,806 1,747 97,994
At 31 December 2022 34,485 62,703 14,460 2,222 113,870

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 115,000
NET BOOK VALUE
At 31 December 2023 115,000
At 31 December 2022 115,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 115,000

John Fell Opticians Limited (Registered number: 01900287)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 115,000 115,000
Aggregate depreciation (21,467 ) (19,167 )

Investment property was valued on a fair value basis on 31 December 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,824 1,822
Other debtors - 219
Director's current account 130,276 113,703
Prepayments and accrued income 5,965 8,488
138,065 124,232

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 76,854 126,755
Hire purchase contracts (see note 10) 7,241 6,445
Trade creditors 47,861 41,673
Amounts owed to related parties 999 3,303
Tax 48,460 50,171
Social security and other taxes 6,648 10,029
Other creditors 11,359 11,182
Accrued expenses 3,259 2,763
202,681 252,321

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 74,485 65,585
Bank loans - 2-5 years 116,206 130,425
Hire purchase contracts (see note 10) 22,388 29,629
213,079 225,639

John Fell Opticians Limited (Registered number: 01900287)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,241 6,445
Between one and five years 22,388 29,629
29,629 36,074

Non-cancellable operating leases
2023 2022
£    £   
Within one year 51,768 43,000
Between one and five years 182,959 172,000
In more than five years 85,333 128,333
320,060 343,333

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 267,545 322,765
Hire purchase assets 29,629 36,074
297,174 358,839

Debts are secured against the assets to which they relate.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director maintains a loan account with the company. At the balance sheet date, the amount owing from the director is shown in the debtors note. The amount is interest free and repayable upon demand.