Company Registration No. 12719152 (England and Wales)
Rae & Rae Opticians Ltd
Unaudited accounts
for the year ended 31 July 2024
Rae & Rae Opticians Ltd
Unaudited accounts
Contents
Rae & Rae Opticians Ltd
Company Information
for the year ended 31 July 2024
Directors
Tracey Rae
Ian Rae
Georgia Rae
Charles Rae
Company Number
12719152 (England and Wales)
Registered Office
9 SYCAMORE TERRACE
SYCAMORE TERRACE
YORK
YO30 7DN
ENGLAND
Rae & Rae Opticians Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
74,000
80,500
Tangible assets
11,268
14,478
Cash at bank and in hand
36,243
42,380
Creditors: amounts falling due within one year
(116,317)
(131,546)
Net current assets/(liabilities)
7,489
(9,793)
Total assets less current liabilities
92,757
85,185
Provisions for liabilities
Deferred tax
(1,106)
(2,172)
Called up share capital
100
100
Profit and loss account
91,551
82,913
Shareholders' funds
91,651
83,013
For the year ending 31 July 2024 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 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 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 of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Ian Rae
Director
Company Registration No. 12719152
Rae & Rae Opticians Ltd
Notes to the Accounts
for the year ended 31 July 2024
Rae & Rae Opticians Ltd is a private company, limited by shares, registered in England and Wales, registration number 12719152. The registered office is 9 SYCAMORE TERRACE, SYCAMORE TERRACE, YORK, YO30 7DN, ENGLAND.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Rae & Rae Opticians Ltd
Notes to the Accounts
for the year ended 31 July 2024
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
24,932
2,454
27,386
At 31 July 2024
24,932
2,454
27,386
At 1 August 2023
11,968
940
12,908
Charge for the year
2,593
617
3,210
At 31 July 2024
14,561
1,557
16,118
At 31 July 2024
10,371
897
11,268
At 31 July 2023
12,964
1,514
14,478
Amounts falling due within one year
Accrued income and prepayments
8,458
8,065
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,504
6,504
Trade creditors
13,052
16,333
Taxes and social security
9,373
13,641
Loans from directors
75,989
90,692
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Average number of employees
During the year the average number of employees was 8 (2023: 7).