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REGISTERED NUMBER: 07634438 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Hayes Optical Ltd

Hayes Optical Ltd (Registered number: 07634438)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Hayes Optical Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Ahsan Hanif Ansari





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 07634438 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Hayes Optical Ltd (Registered number: 07634438)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 660,000 660,000
Property, plant and equipment 5 1,971 2,463
661,971 662,463

CURRENT ASSETS
Inventories 6 22,890 27,254
Debtors 7 368 488
Cash at bank and in hand 211,625 173,129
234,883 200,871
CREDITORS
Amounts falling due within one year 8 709,013 715,030
NET CURRENT LIABILITIES (474,130 ) (514,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,841

148,304

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 187,741 148,204
SHAREHOLDERS' FUNDS 187,841 148,304

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

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

The director acknowledges his 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.

Hayes Optical Ltd (Registered number: 07634438)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 13 September 2024 and were signed by:





Mr Ahsan Hanif Ansari - Director


Hayes Optical Ltd (Registered number: 07634438)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hayes Optical 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 660,000
NET BOOK VALUE
At 31 May 2024 660,000
At 31 May 2023 660,000

Hayes Optical Ltd (Registered number: 07634438)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 8,547 1,263 729 10,539
DEPRECIATION
At 1 June 2023 7,322 503 251 8,076
Charge for year 245 152 95 492
At 31 May 2024 7,567 655 346 8,568
NET BOOK VALUE
At 31 May 2024 980 608 383 1,971
At 31 May 2023 1,225 760 478 2,463

6. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 22,890 27,254

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments 368 488

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade Creditors 48,884 28,133
Corporation Tax 9,326 2,986
Social security and other taxes 1,239 1,477
Pension - 273
Value Added Tax 592 246
Other creditors 130,000 460
Director's Current Account 518,972 680,538
Accrued Expenses - 917
709,013 715,030

Hayes Optical Ltd (Registered number: 07634438)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary Share 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 148,204
Profit for the year 39,537
At 31 May 2024 187,741

Hayes Optical Ltd

Report of the Accountants to the Director of
Hayes Optical Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................