IRIS Accounts Production v24.1.0.578 11780730 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117807302023-01-31117807302024-01-31117807302023-02-012024-01-31117807302022-01-31117807302022-02-012023-01-31117807302023-01-3111780730ns15:EnglandWales2023-02-012024-01-3111780730ns14:PoundSterling2023-02-012024-01-3111780730ns10:Director12023-02-012024-01-3111780730ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111780730ns10:SmallEntities2023-02-012024-01-3111780730ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111780730ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111780730ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111780730ns10:FullAccounts2023-02-012024-01-311178073012023-02-012024-01-3111780730ns10:OrdinaryShareClass12023-02-012024-01-3111780730ns10:Director22023-02-012024-01-3111780730ns10:RegisteredOffice2023-02-012024-01-3111780730ns5:CurrentFinancialInstruments2024-01-3111780730ns5:CurrentFinancialInstruments2023-01-3111780730ns5:Non-currentFinancialInstruments2024-01-3111780730ns5:Non-currentFinancialInstruments2023-01-3111780730ns5:ShareCapital2024-01-3111780730ns5:ShareCapital2023-01-3111780730ns5:RetainedEarningsAccumulatedLosses2024-01-3111780730ns5:RetainedEarningsAccumulatedLosses2023-01-3111780730ns5:NetGoodwill2023-02-012024-01-3111780730ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111780730ns5:NetGoodwill2023-01-3111780730ns5:NetGoodwill2024-01-3111780730ns5:NetGoodwill2023-01-3111780730ns5:LandBuildings2023-01-3111780730ns5:PlantMachinery2023-01-3111780730ns5:LandBuildings2023-02-012024-01-3111780730ns5:PlantMachinery2023-02-012024-01-3111780730ns5:LandBuildings2024-01-3111780730ns5:PlantMachinery2024-01-3111780730ns5:LandBuildings2023-01-3111780730ns5:PlantMachinery2023-01-3111780730ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111780730ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111780730ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 11780730 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hns Optical Ltd

Hns Optical Ltd (Registered number: 11780730)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hns Optical Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N Solanki
H H Solanki





REGISTERED OFFICE: 21 Aboyne Close
Birmingham
West Midlands
B5 7PQ





REGISTERED NUMBER: 11780730 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Hns Optical Ltd (Registered number: 11780730)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,450 106,500
Tangible assets 5 25,619 42,501
100,069 149,001

CURRENT ASSETS
Stocks 25,750 30,250
Debtors 6 - 8,622
Cash at bank and in hand 50,294 13,890
76,044 52,762
CREDITORS
Amounts falling due within one year 7 108,842 119,746
NET CURRENT LIABILITIES (32,798 ) (66,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,271

82,017

CREDITORS
Amounts falling due after more than one
year

8

111,253

120,143
NET LIABILITIES (43,982 ) (38,126 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (44,082 ) (38,226 )
SHAREHOLDERS' FUNDS (43,982 ) (38,126 )

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





H H Solanki - Director


Hns Optical Ltd (Registered number: 11780730)

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

1. STATUTORY INFORMATION

Hns 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.

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.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hns Optical Ltd (Registered number: 11780730)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 177,500
Disposals (26,000 )
At 31 January 2024 151,500
AMORTISATION
At 1 February 2023 71,000
Charge for year 16,450
Eliminated on disposal (10,400 )
At 31 January 2024 77,050
NET BOOK VALUE
At 31 January 2024 74,450
At 31 January 2023 106,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 39,000 68,731 107,731
DEPRECIATION
At 1 February 2023 26,000 39,230 65,230
Charge for year 6,500 10,382 16,882
At 31 January 2024 32,500 49,612 82,112
NET BOOK VALUE
At 31 January 2024 6,500 19,119 25,619
At 31 January 2023 13,000 29,501 42,501

Hns Optical Ltd (Registered number: 11780730)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,516
Other debtors - 2,106
- 8,622

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,057 16,415
Trade creditors 904 -
Taxation and social security 10,677 6,307
Other creditors 88,204 97,024
108,842 119,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 110,061 120,143
Other creditors 1,192 -
111,253 120,143

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100