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Company Registration No. 11792075 (England and Wales)
OPTICAL LOUNGE LIMITED Unaudited accounts for the year ended 31 January 2024
OPTICAL LOUNGE LIMITED Unaudited accounts Contents
Page
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OPTICAL LOUNGE LIMITED Company Information for the year ended 31 January 2024
Director
Kirandeep Singh Bajwa
Company Number
11792075 (England and Wales)
Registered Office
23 LANDSEER ROAD LEICESTER LE2 3EF ENGLAND
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OPTICAL LOUNGE LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,067 
1,423 
Current assets
Debtors
25,855 
25,678 
Cash at bank and in hand
7,476 
32,739 
33,331 
58,417 
Creditors: amounts falling due within one year
(14,548)
(18,293)
Net current assets
18,783 
40,124 
Total assets less current liabilities
19,850 
41,547 
Creditors: amounts falling due after more than one year
(17,353)
(20,129)
Net assets
2,497 
21,418 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,397 
21,318 
Shareholders' funds
2,497 
21,418 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Kirandeep Singh Bajwa Director Company Registration No. 11792075
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OPTICAL LOUNGE LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
OPTICAL LOUNGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11792075. The registered office is 23 LANDSEER ROAD, LEICESTER, LE2 3EF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
4,500 
At 31 January 2024
4,500 
Depreciation
At 1 February 2023
3,077 
Charge for the year
356 
At 31 January 2024
3,433 
Net book value
At 31 January 2024
1,067 
At 31 January 2023
1,423 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
5,328 
Other debtors
25,855 
20,350 
25,855 
25,678 
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OPTICAL LOUNGE LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,746 
3,929 
Taxes and social security
9,882 
8,441 
Loans from directors
- 
5,003 
Accruals
920 
920 
14,548 
18,293 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,353 
20,129 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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