1 February 2023 false No description of principal activity Taxfiler 2024.5 SC463803business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC4638032023-01-31 SC4638032023-02-012024-01-31 SC463803business:AuditExemptWithAccountantsReport2023-02-012024-01-31 SC463803business:FilletedAccounts2023-02-012024-01-31 SC4638032024-01-31 SC463803business:Director12023-02-012024-01-31 SC463803business:RegisteredOffice2023-02-012024-01-31 SC4638032023-01-31 SC463803core:WithinOneYear2024-01-31 SC463803core:WithinOneYear2023-01-31 SC463803core:AfterOneYear2024-01-31 SC463803core:AfterOneYear2023-01-31 SC463803core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC463803core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC463803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC463803core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC463803core:PreviouslyStatedAmount2024-01-31 SC463803core:PreviouslyStatedAmount2023-01-31 SC463803business:SmallEntities2023-02-012024-01-31 SC463803countries:Scotland2023-02-012024-01-31 SC463803core:PlantMachinery2023-02-012024-01-31 SC463803core:Goodwill2023-01-31 SC463803core:Goodwill2024-01-31 SC463803core:Goodwill2023-02-012024-01-31 SC463803core:PlantMachinery2023-01-31 SC463803core:PlantMachinery2024-01-31 SC4638032022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC463803 (Scotland)
Peter Brooks Optometrists Ltd Unaudited accounts for the year ended 31 January 2024
Peter Brooks Optometrists Ltd Unaudited accounts Contents
Page
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Peter Brooks Optometrists Ltd Company Information for the year ended 31 January 2024
Director
Peter Brooks
Company Number
SC463803 (Scotland)
Registered Office
Peter Brooks Optometrist 23 Buccleuch Street Dalkeith Midlothian EH22 1HB Scotland
Accountants
Gemmell McGee VAT Solutions Ltd 85 New Row Dunfermline Fife KY12 7DZ
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Peter Brooks Optometrists Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
14,966 
Tangible assets
14,748 
19,513 
14,748 
34,479 
Current assets
Inventories
28,110 
28,617 
Debtors
5,864 
13,717 
Cash at bank and in hand
(1,500)
4,927 
32,474 
47,261 
Creditors: amounts falling due within one year
(68,078)
(72,959)
Net current liabilities
(35,604)
(25,698)
Total assets less current liabilities
(20,856)
8,781 
Creditors: amounts falling due after more than one year
(10,000)
(10,000)
Provisions for liabilities
Deferred tax
(2,803)
(3,708)
Net liabilities
(33,659)
(4,927)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(33,759)
(5,027)
Shareholders' funds
(33,659)
(4,927)
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
Peter Brooks Director Company Registration No. SC463803
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Peter Brooks Optometrists Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Peter Brooks Optometrists Ltd is a private company, limited by shares, registered in Scotland, registration number SC463803. The registered office is Peter Brooks Optometrist, 23 Buccleuch Street, Dalkeith, Midlothian, EH22 1HB, Scotland.
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:
Plant & machinery
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Peter Brooks Optometrists Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
149,658 
At 31 January 2024
149,658 
Amortisation
At 1 February 2023
134,692 
Charge for the year
14,966 
At 31 January 2024
149,658 
Net book value
At 31 January 2024
- 
At 31 January 2023
14,966 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
109,166 
At 31 January 2024
109,166 
Depreciation
At 1 February 2023
89,653 
Charge for the year
4,765 
At 31 January 2024
94,418 
Net book value
At 31 January 2024
14,748 
At 31 January 2023
19,513 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,991 
- 
Trade debtors
907 
7,738 
Other debtors
966 
5,979 
5,864 
13,717 
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Peter Brooks Optometrists Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
427 
Trade creditors
13,713 
13,786 
Taxes and social security
4,179 
5,104 
Other creditors
1,933 
1,992 
Loans from directors
46,653 
47,270 
Accruals
1,600 
4,380 
68,078 
72,959 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
10,000 
10,000 
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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