Registered number: 05484228 | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2024 | ||||||||
Prepared By: | ||||||||
D A Roberts Accountancy Services Limited | ||||||||
Chartered Accountants | ||||||||
41 Newbury Drive | ||||||||
Daventry | ||||||||
Northants | ||||||||
NN11 0WQ |
PUNCH OPTICIANS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Northants | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05484228 | ||||||||
ACCOUNTANTS | ||||||||
D A Roberts Accountancy Services Limited | ||||||||
Chartered Accountants | ||||||||
41 Newbury Drive | ||||||||
Daventry | ||||||||
Northants | ||||||||
NN11 0WQ |
PUNCH OPTICIANS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 AUGUST 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
PUNCH OPTICIANS LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
217,029 | 271,470 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 84,104 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 134,414 | 96,811 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
PUNCH OPTICIANS LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Mr N W Stanley | ||||||||||
Director | ||||||||||
PUNCH OPTICIANS LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Fixtures and Fittings | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. |
1d. Pension Costs | ||||||||
The company contributes to the personal pension schemes of company officers. Contributions are charged to the profit and loss account in the period to which they relate. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 September 2023 | 500,000 | 500,000 | ||
At 31 August 2024 | 500,000 | 500,000 | ||
Depreciation | ||||
At 1 September 2023 | 500,000 | 500,000 | ||
At 31 August 2024 | 500,000 | 500,000 | ||
Net Book Amounts | ||||
At 31 August 2024 | ||||
PUNCH OPTICIANS LIMITED | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||
Long Leasehold | Plant and | Fixtures and | ||||||
Properties | Machinery | Fittings | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 September 2023 | 158 | 36,394 | 8,557 | 45,109 | ||||
Additions | - | 1,411 | - | 1,411 | ||||
At 31 August 2024 | 158 | 37,805 | 8,557 | 46,520 | ||||
Depreciation | ||||||||
At 1 September 2023 | 158 | 24,680 | 7,212 | 32,050 | ||||
For the year | - | 2,624 | 202 | 2,826 | ||||
At 31 August 2024 | 158 | 27,304 | 7,414 | 34,876 | ||||
Net Book Amounts | ||||||||
At 31 August 2024 | - | 10,501 | 1,143 | 11,644 | ||||
At 31 August 2023 | - | 11,714 | 1,345 | 13,059 | ||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 7,611 | 5,125 | ||||||
VAT | - | 2,787 | ||||||
Other debtors | 10,223 | 8,421 | ||||||
Prepayments | 6,708 | 5,418 | ||||||
Directors' current account | 43,196 | - | ||||||
67,738 | 21,751 | |||||||
PUNCH OPTICIANS LIMITED | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 18,194 | 66,715 | ||||||
VAT | 386 | - | ||||||
PAYE control | 8,592 | 6,837 | ||||||
Pension Control | 8 | 8 | ||||||
Directors' current account | - | 29,385 | ||||||
Trade creditors | 65,087 | 78,508 | ||||||
Accruals | 1,943 | 5,913 | ||||||
94,210 | 187,366 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 19 | |||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 47 | 350 | ||||||
47 | 350 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||