Company registration number:
SC337248
C. M. Optical Ltd.
Unaudited filleted financial statements
29 February 2024
C. M. Optical Ltd.
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
C. M. Optical Ltd.
Directors and other information
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Directors |
Christopher McGregor |
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Elizabeth McGregor |
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Secretary |
Elizabeth McGregor |
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Company number |
SC337248 |
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Registered office |
10 Jardine Place |
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Bathgate |
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West Lothian |
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EH48 4GU |
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Business address |
5 West Main Street |
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Whitburn |
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EH47 0QB |
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Accountants |
Barrie Scott & Co. |
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30 Mid Street |
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Bathgate |
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West Lothian |
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EH48 1PT |
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C. M. Optical Ltd.
Report to the board of directors on the preparation of the
unaudited statutory financial statements of C. M. Optical Ltd.
Year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C. M. Optical Ltd. for the year ended 29 February 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of C. M. Optical Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of C. M. Optical Ltd. and state those matters that we have agreed to state to the board of directors of C. M. Optical Ltd. as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. M. Optical Ltd. and its board of directors as a body for our work or for this report.
It is your duty to ensure that C. M. Optical Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C. M. Optical Ltd.. You consider that C. M. Optical Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of C. M. Optical Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
30 Mid Street
Bathgate
West Lothian
EH48 1PT
15 November 2024
C. M. Optical Ltd.
Statement of financial position
29 February 2024
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2024 |
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2023 |
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£ |
£ |
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£ |
£ |
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Fixed assets |
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151,650 |
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228,173 |
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_______ |
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_______ |
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Current assets |
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82,333 |
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85,053 |
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Prepayments and accrued income |
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620 |
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585 |
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_______ |
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_______ |
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82,953 |
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85,638 |
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Creditors: amounts falling due within one year |
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(
72,099) |
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(
75,813) |
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_______ |
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_______ |
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Net current assets |
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10,854 |
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9,825 |
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_______ |
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_______ |
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Total assets less current liabilities |
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162,504 |
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237,998 |
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Creditors: amounts falling due after more than one year |
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(
75,082) |
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(
68,623) |
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Accruals and deferred income |
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(
2,676) |
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(
3,979) |
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_______ |
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Net assets |
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84,746 |
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165,396 |
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_______ |
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_______ |
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Capital and reserves |
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84,746 |
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165,396 |
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_______ |
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_______ |
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Notes to the financial statements
C. M. Optical Ltd.
Year ended 29 February 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Christopher McGregor |
20,541 |
1,558 |
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22,099 |
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Elizabeth McGregor |
20,541 |
1,558 |
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22,099 |
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_______ |
_______ |
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41,082 |
3,116 |
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44,198 |
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_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Christopher McGregor |
20,543 |
511 |
(
513) |
20,541 |
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Elizabeth McGregor |
20,543 |
510 |
(
512) |
20,541 |
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_______ |
_______ |
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41,086 |
1,021 |
(
1,025) |
41,082 |
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Interest of 2.5% is charged on any loans due by the director. There are no fixed terms of repayment.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2024
, and are signed on behalf of the board by:
Christopher McGregor
Director
Company registration number:
SC337248
The company is a private company limited by shares, registered in Scotland.