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REGISTERED NUMBER: 08779275 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROBINSON OPTICS LIMITED

ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBINSON OPTICS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: I T Robinson
Mrs E Robinson





REGISTERED OFFICE: 135 New Road
Rubery
Birmingham
West Midlands
B45 9JR





REGISTERED NUMBER: 08779275 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,276 21,314
13,276 21,314

CURRENT ASSETS
Stocks 19,559 19,751
Debtors 6 9,264 4,334
Cash at bank and in hand 50,585 42,712
79,408 66,797
CREDITORS
Amounts falling due within one year 7 31,157 19,857
NET CURRENT ASSETS 48,251 46,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,527

68,254

CREDITORS
Amounts falling due after more than one
year

8

(36,761

)

(45,223

)

PROVISIONS FOR LIABILITIES (2,523 ) (3,155 )
NET ASSETS 22,243 19,876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,143 19,776
SHAREHOLDERS' FUNDS 22,243 19,876

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

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

The directors acknowledge their 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.

ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





I T Robinson - Director


ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Robinson Optics 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 55,000
AMORTISATION
At 1 April 2023
and 31 March 2024 55,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 55,337
Additions 1,500
At 31 March 2024 56,837
DEPRECIATION
At 1 April 2023 34,023
Charge for year 9,538
At 31 March 2024 43,561
NET BOOK VALUE
At 31 March 2024 13,276
At 31 March 2023 21,314

ROBINSON OPTICS LIMITED (REGISTERED NUMBER: 08779275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,904 2,519
Other debtors 1,360 1,815
9,264 4,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,455 4,407
Hire purchase contracts 4,004 4,004
Trade creditors 14,222 5,423
Taxation and social security 4,771 4,396
Other creditors 3,705 1,627
31,157 19,857

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,748 27,206
Hire purchase contracts 14,013 18,017
36,761 45,223

9. RELATED PARTY DISCLOSURES

At 31 March 2024 other creditors included loans made to the company by the directors of £271 (2023: £161). The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I T Robinson and Mrs E Robinson.