IRIS Accounts Production v24.2.0.383 02938557 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 Ordinary 'A' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029385572023-06-30029385572024-06-30029385572023-07-012024-06-30029385572022-06-30029385572022-07-012023-06-30029385572023-06-3002938557ns15:EnglandWales2023-07-012024-06-3002938557ns14:PoundSterling2023-07-012024-06-3002938557ns10:Director12023-07-012024-06-3002938557ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002938557ns10:SmallEntities2023-07-012024-06-3002938557ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002938557ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002938557ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002938557ns10:AbridgedAccounts2023-07-012024-06-300293855712023-07-012024-06-3002938557ns10:OrdinaryShareClass12023-07-012024-06-3002938557ns10:OrdinaryShareClass22023-07-012024-06-3002938557ns10:Director22023-07-012024-06-3002938557ns10:CompanySecretary12023-07-012024-06-3002938557ns10:RegisteredOffice2023-07-012024-06-3002938557ns5:CurrentFinancialInstruments2024-06-3002938557ns5:CurrentFinancialInstruments2023-06-3002938557ns5:ShareCapital2024-06-3002938557ns5:ShareCapital2023-06-3002938557ns5:RetainedEarningsAccumulatedLosses2024-06-3002938557ns5:RetainedEarningsAccumulatedLosses2023-06-3002938557ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3002938557ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3002938557ns5:PlantMachinery2023-07-012024-06-3002938557ns5:FurnitureFittings2023-07-012024-06-3002938557ns10:OrdinaryShareClass12024-06-3002938557ns10:OrdinaryShareClass22024-06-30
REGISTERED NUMBER: 02938557 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Optical Direct (Clayton-le-Moors)
Limited

Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Optical Direct (Clayton-le-Moors)
Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: G Bowker
J Ironfield





SECRETARY: J Ironfield





REGISTERED OFFICE: Longton House
Burnley Road
Clayton-le-Moors
Accrington
Lancashire
BB5 5TW





REGISTERED NUMBER: 02938557 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,994 3,717
2,995 3,718

CURRENT ASSETS
Stocks 31,176 29,960
Debtors 3,249 3,041
Cash at bank and in hand 45,858 43,783
80,283 76,784
CREDITORS
Amounts falling due within one year 6,613 6,262
NET CURRENT ASSETS 73,670 70,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,665

74,240

PROVISIONS FOR LIABILITIES 414 118
NET ASSETS 76,251 74,122

CAPITAL AND RESERVES
Called up share capital 6 20,100 20,100
Retained earnings 56,151 54,022
SHAREHOLDERS' FUNDS 76,251 74,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2024 and were signed on its behalf by:





G Bowker - Director


Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Optical Direct (Clayton-le-Moors) 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.

Receipt of payment and delivery of products and services are deemed to be the same date, so income is recognised on receipt of payment.

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.
Long leasehold - straight line over 25 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE

At 30 June 2024 1
At 30 June 2023 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 70,095
DEPRECIATION
At 1 July 2023 66,378
Charge for year 723
At 30 June 2024 67,101
NET BOOK VALUE
At 30 June 2024 2,994
At 30 June 2023 3,717

Optical Direct (Clayton-le-Moors)
Limited (Registered number: 02938557)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
20,000 Ordinary £1 20,000 20,000
100 Ordinary 'A' £1 100 100
20,100 20,100

Ordinary 'A' shares have no voting rights but rank pari passu in all other respects with Ordinary shares.