Company No:
Contents
Note | 31.03.2024 | 28.02.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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3,504 | 755 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand | 6 |
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119,600 | 50,590 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 55,766 | 17,454 | ||
Total assets less current liabilities | 59,270 | 18,209 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of D S Optic World Limited (registered number:
Darsh Divyansu Shah
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
D S Optic World Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Period from 01.03.2023 to 31.03.2024 |
Year ended 28.02.2023 |
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Number | Number | ||
Monthly average number of persons employed by the company during the period, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 March 2023 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||
At 01 March 2023 |
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Charge for the financial period |
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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At 28 February 2023 |
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31.03.2024 | 28.02.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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31.03.2024 | 28.02.2023 | ||
£ | £ | ||
Cash at bank and in hand |
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31.03.2024 | 28.02.2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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31.03.2024 | 28.02.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Included under other debtors is a unsecured loan to a company in which the mother of the director is a director, the loan is interest free. The amount outstand at the year end is £75,000 (2023 : £nil)