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REGISTERED NUMBER: 07976882 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KERSLEY EYE CLINIC LTD

KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)






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


KERSLEY EYE CLINIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms S M E Wren
Prof K S Lim





REGISTERED OFFICE: 42 Harley Street
London
W1G 9PR





REGISTERED NUMBER: 07976882 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,261 10,829
Tangible assets 5 75,214 104,623
78,475 115,452

CURRENT ASSETS
Debtors 6 437,999 370,410
Cash at bank and in hand 140,974 251,759
578,973 622,169
CREDITORS
Amounts falling due within one year 7 237,443 169,649
NET CURRENT ASSETS 341,530 452,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,005

567,972

CREDITORS
Amounts falling due after more than one
year

8

(22,727

)

(40,909

)

PROVISIONS FOR LIABILITIES (18,804 ) (19,878 )
NET ASSETS 378,474 507,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 378,374 507,085
SHAREHOLDERS' FUNDS 378,474 507,185

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.

KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)

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 20 September 2024 and were signed on its behalf by:




Ms S M E Wren - Director



Prof K S Lim - Director


KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kersley Eye Clinic Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2012 and 2019, is being amortised over its estimated useful life of 10 years and 5 years respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost
Motor vehicles - 25% on reducing balance

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.

KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)

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 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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 262,841
AMORTISATION
At 1 April 2023 252,012
Amortisation for year 7,568
At 31 March 2024 259,580
NET BOOK VALUE
At 31 March 2024 3,261
At 31 March 2023 10,829

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 223,251 61,362 284,613
Additions 17,919 - 17,919
At 31 March 2024 241,170 61,362 302,532
DEPRECIATION
At 1 April 2023 138,644 41,346 179,990
Charge for year 34,575 12,753 47,328
At 31 March 2024 173,219 54,099 227,318
NET BOOK VALUE
At 31 March 2024 67,951 7,263 75,214
At 31 March 2023 84,607 20,016 104,623

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,463 87,928
Other debtors 295,536 282,482
437,999 370,410

KERSLEY EYE CLINIC LTD (REGISTERED NUMBER: 07976882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,182 18,182
Trade creditors 10,126 7,450
Taxation and social security 202,119 137,107
Other creditors 7,016 6,910
237,443 169,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,727 40,909

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 40,909 59,091

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £270,800 (2023: £340,800).