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Company No: 12241964 (England and Wales)

KATARIA OPTICAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

KATARIA OPTICAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

KATARIA OPTICAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
KATARIA OPTICAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 986 0
986 0
Current assets
Debtors 4 9,932 550
Cash at bank and in hand 5 1,364 14,339
11,296 14,889
Creditors: amounts falling due within one year 6 ( 11,530) ( 12,808)
Net current (liabilities)/assets (234) 2,081
Total assets less current liabilities 752 2,081
Net assets 752 2,081
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account 742 2,071
Total shareholder's funds 752 2,081

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kataria Optical Limited (registered number: 12241964) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Kataria
Director

25 November 2024

KATARIA OPTICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
KATARIA OPTICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kataria Optical Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2022 1,400 1,400
Additions 987 987
At 31 October 2023 2,387 2,387
Accumulated depreciation
At 01 November 2022 1,400 1,400
Charge for the financial year 1 1
At 31 October 2023 1,401 1,401
Net book value
At 31 October 2023 986 986
At 31 October 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 0 550
Other debtors 9,932 0
9,932 550

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,364 14,339

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 9,385 9,491
Other creditors 2,145 3,317
11,530 12,808

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10