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REGISTERED NUMBER: 05521512 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Broomfield Opticians Limited

Broomfield Opticians Limited (Registered number: 05521512)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Broomfield Opticians Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr A Chauhan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05521512 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Broomfield Opticians Limited (Registered number: 05521512)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 19,130 19,881
19,130 19,881

CURRENT ASSETS
Inventories 10,499 10,869
Debtors 6 297,464 277,907
Cash at bank 58,062 41,905
366,025 330,681
CREDITORS
Amounts falling due within one year 7 31,274 28,637
NET CURRENT ASSETS 334,751 302,044
TOTAL ASSETS LESS CURRENT LIABILITIES 353,881 321,925

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 353,778 321,822
SHAREHOLDERS' FUNDS 353,881 321,925

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Broomfield Opticians Limited (Registered number: 05521512)

Statement of Financial Position - continued
31 August 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 14 November 2024 and were signed by:





Mr A Chauhan - Director


Broomfield Opticians Limited (Registered number: 05521512)

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

1. STATUTORY INFORMATION

Broomfield Opticians Limited 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

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 statement of financial position date.

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 4 (2023 - 4 ) .

Broomfield Opticians Limited (Registered number: 05521512)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 75,000
AMORTISATION
At 1 September 2023
and 31 August 2024 75,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

The cost of goodwill of £75,000 was acquired in year ended 31 August 2006 and was fully amortised during the year ended 31 August 2010 and has a £nil net book value from year ended 31 August 2010 onwards.

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 33,747 21,192 13,977 68,916
Additions 90 1,325 2,475 3,890
At 31 August 2024 33,837 22,517 16,452 72,806
DEPRECIATION
At 1 September 2023 29,653 8,776 10,606 49,035
Charge for year 628 2,329 1,684 4,641
At 31 August 2024 30,281 11,105 12,290 53,676
NET BOOK VALUE
At 31 August 2024 3,556 11,412 4,162 19,130
At 31 August 2023 4,094 12,416 3,371 19,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by associates 296,517 276,169
Other debtors 947 1,738
297,464 277,907

Broomfield Opticians Limited (Registered number: 05521512)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 21,118 18,791
Other creditors 10,156 9,846
31,274 28,637

8. RELATED PARTY DISCLOSURES

The director Mr Anish Chauhan is considered to be the key management personnel.