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REGISTERED NUMBER: 12095406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

AC Eyecare Limited

AC Eyecare Limited (Registered number: 12095406)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


AC Eyecare Limited (Registered number: 12095406)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,047 381

CURRENT ASSETS
Cash at bank 13,553 11,823

CREDITORS
Amounts falling due within one year 5 16,004 3,377
NET CURRENT (LIABILITIES)/ASSETS (2,451 ) 8,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,596

8,827

CREDITORS
Amounts falling due after more than
one year

6

(50,303

)

-

PROVISIONS FOR LIABILITIES 7 (12,929 ) (72 )
NET ASSETS 2,364 8,755

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,264 8,655
SHAREHOLDERS' FUNDS 2,364 8,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

AC Eyecare Limited (Registered number: 12095406)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Dr A Choudhary - Director


AC Eyecare Limited (Registered number: 12095406)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

AC Eyecare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12095406

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

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.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

AC Eyecare Limited (Registered number: 12095406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 - 1,017 1,017
Additions 69,071 - 69,071
At 31 July 2024 69,071 1,017 70,088
DEPRECIATION
At 1 August 2023 - 636 636
Charge for year 1,151 254 1,405
At 31 July 2024 1,151 890 2,041
NET BOOK VALUE
At 31 July 2024 67,920 127 68,047
At 31 July 2023 - 381 381

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans 7,263 -
Tax (2,429 ) 2,393
Directors' current accounts 10,690 390
Accrued expenses 480 594
16,004 3,377

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Other loans - 2-5 years 50,303 -

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 12,929 72

AC Eyecare Limited (Registered number: 12095406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 72
Provided during year 12,857
Balance at 31 July 2024 12,929

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Dr A Choudhary
Balance outstanding at start of year (390 ) (450 )
Amounts advanced 2,130 2,750
Amounts repaid (12,430 ) (2,690 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,690 ) (390 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr A Choudhary.