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REGISTERED NUMBER: 03489400 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VISIONSELECT LIMITED
T/A
OPTICO OPTICIANS

VISIONSELECT LIMITED (REGISTERED NUMBER: 03489400)
T/A OPTICO OPTICIANS

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


VISIONSELECT LIMITED
T/A OPTICO OPTICIANS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H S Muker





SECRETARY: Mrs N Muker





REGISTERED OFFICE: 80 High Street
Maidenhead
Berkshire
SL6 1PY





REGISTERED NUMBER: 03489400 (England and Wales)





ACCOUNTANTS: Arithma Accountants Limited
8th Floor
36 Old Jewry
London
EC2R 8DD

VISIONSELECT LIMITED (REGISTERED NUMBER: 03489400)
T/A OPTICO OPTICIANS

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,339 19,548

CURRENT ASSETS
Stocks 42,191 30,262
Debtors 5 645,689 79,908
Cash at bank and in hand 298,396 789,546
986,276 899,716
CREDITORS
Amounts falling due within one year 6 584,868 565,355
NET CURRENT ASSETS 401,408 334,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,747

353,909

CREDITORS
Amounts falling due after more than one
year

7

100,251

38,078
NET ASSETS 389,496 315,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 389,396 315,731
SHAREHOLDERS' FUNDS 389,496 315,831

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.

VISIONSELECT LIMITED (REGISTERED NUMBER: 03489400)
T/A OPTICO OPTICIANS

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





H S Muker - Director


VISIONSELECT LIMITED (REGISTERED NUMBER: 03489400)
T/A OPTICO OPTICIANS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Visionselect 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.

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 etc - 25% 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.

TAXATION
Taxation for the year 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 year 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.

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 year was 7 (2022 - 7 ) .

VISIONSELECT LIMITED (REGISTERED NUMBER: 03489400)
T/A OPTICO OPTICIANS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 316,522
Additions 73,911
At 31 December 2023 390,433
DEPRECIATION
At 1 January 2023 296,974
Charge for year 5,120
At 31 December 2023 302,094
NET BOOK VALUE
At 31 December 2023 88,339
At 31 December 2022 19,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,898 11,534
Other debtors 641,791 68,374
645,689 79,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,821 18,240
Taxation and social security 14,714 17,256
Other creditors 552,333 529,859
584,868 565,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Bank loans consist of a government backed bounce-back loan, on which 2.5% interest is payable from the anniversary of the receipt of the loan, unless the loan is repaid prior to the anniversary date.

8. RELATED PARTY DISCLOSURES

As at 31st December 2023, the amount in other debtors includes £241,039 (December 2022 £66,039) owed by Visionselect Properties Limited and £400,000 owed by Visionselect Commercial Ltd(December 2022 £nil) and the amount in other creditors includes £108,033 ( December 2022 £105,333) owed to Visionselect Holdings Ltd. Mr H. Muker is materially interested as a managing director and major shareholder in both the companies.