Silverfin false false 31/03/2024 01/03/2023 31/03/2024 Darsh Divyansu Shah 17/02/2022 17 October 2024 The principal activity of the company in the period under review was that of ophthalmic services. 13922720 2024-03-31 13922720 bus:Director1 2024-03-31 13922720 2023-02-28 13922720 core:CurrentFinancialInstruments 2024-03-31 13922720 core:CurrentFinancialInstruments 2023-02-28 13922720 core:ShareCapital 2024-03-31 13922720 core:ShareCapital 2023-02-28 13922720 core:RetainedEarningsAccumulatedLosses 2024-03-31 13922720 core:RetainedEarningsAccumulatedLosses 2023-02-28 13922720 core:OtherPropertyPlantEquipment 2023-02-28 13922720 core:OtherPropertyPlantEquipment 2024-03-31 13922720 bus:OrdinaryShareClass1 2024-03-31 13922720 2023-03-01 2024-03-31 13922720 bus:FilletedAccounts 2023-03-01 2024-03-31 13922720 bus:SmallEntities 2023-03-01 2024-03-31 13922720 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 13922720 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 13922720 bus:Director1 2023-03-01 2024-03-31 13922720 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-03-01 2024-03-31 13922720 2022-03-01 2023-02-28 13922720 core:OtherPropertyPlantEquipment 2023-03-01 2024-03-31 13922720 bus:OrdinaryShareClass1 2023-03-01 2024-03-31 13922720 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13922720 (England and Wales)

D S OPTIC WORLD LIMITED

Unaudited Financial Statements
For the financial period from 01 March 2023 to 31 March 2024
Pages for filing with the registrar

D S OPTIC WORLD LIMITED

Unaudited Financial Statements

For the financial period from 01 March 2023 to 31 March 2024

Contents

D S OPTIC WORLD LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
D S OPTIC WORLD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024 28.02.2023
£ £
Fixed assets
Tangible assets 4 3,504 755
3,504 755
Current assets
Debtors 5 83,004 12,121
Cash at bank and in hand 6 36,596 38,469
119,600 50,590
Creditors: amounts falling due within one year 7 ( 63,834) ( 33,136)
Net current assets 55,766 17,454
Total assets less current liabilities 59,270 18,209
Net assets 59,270 18,209
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 59,170 18,109
Total shareholder's funds 59,270 18,209

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of D S Optic World Limited (registered number: 13922720) were approved and authorised for issue by the Director. They were signed on its behalf by:

Darsh Divyansu Shah
Director

17 October 2024

D S OPTIC WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 31 March 2024
D S OPTIC WORLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 31 March 2024
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.03.2023 to
31.03.2024
Year ended
28.02.2023
Number Number
Monthly average number of persons employed by the company during the period, including the director 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 1,006 1,006
Additions 4,143 4,143
At 31 March 2024 5,149 5,149
Accumulated depreciation
At 01 March 2023 251 251
Charge for the financial period 1,394 1,394
At 31 March 2024 1,645 1,645
Net book value
At 31 March 2024 3,504 3,504
At 28 February 2023 755 755

5. Debtors

31.03.2024 28.02.2023
£ £
Trade debtors 8,004 12,121
Other debtors 75,000 0
83,004 12,121

6. Cash and cash equivalents

31.03.2024 28.02.2023
£ £
Cash at bank and in hand 36,596 38,469

7. Creditors: amounts falling due within one year

31.03.2024 28.02.2023
£ £
Taxation and social security 22,839 9,864
Other creditors 40,995 23,272
63,834 33,136

8. Called-up share capital

31.03.2024 28.02.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

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)