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REGISTERED NUMBER: 11475006 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

TR Eyes Ltd

TR Eyes Ltd (Registered number: 11475006)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TR Eyes Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T Ali
Mrs R Fowler-Williams





REGISTERED OFFICE: 17 Cowbridge Road
Pontyclun
CF72 9EA





REGISTERED NUMBER: 11475006 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

TR Eyes Ltd (Registered number: 11475006)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 115,440 122,840
Tangible assets 5 15,784 18,569
131,224 141,409

CURRENT ASSETS
Stocks 12,600 16,000
Debtors 6 6,449 8,793
Cash at bank and in hand 82,156 29,264
101,205 54,057
CREDITORS
Amounts falling due within one year 7 76,883 68,969
NET CURRENT ASSETS/(LIABILITIES) 24,322 (14,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,546

126,497

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 155,446 126,397
SHAREHOLDERS' FUNDS 155,546 126,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TR Eyes Ltd (Registered number: 11475006)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




T Ali - Director



Mrs R Fowler-Williams - Director


TR Eyes Ltd (Registered number: 11475006)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

TR Eyes 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.

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 twenty 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

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.

TR Eyes Ltd (Registered number: 11475006)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 148,000
AMORTISATION
At 1 March 2023 25,160
Amortisation for year 7,400
At 29 February 2024 32,560
NET BOOK VALUE
At 29 February 2024 115,440
At 28 February 2023 122,840

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 65,074 1,724 66,798
DEPRECIATION
At 1 March 2023 47,250 979 48,229
Charge for year 2,673 112 2,785
At 29 February 2024 49,923 1,091 51,014
NET BOOK VALUE
At 29 February 2024 15,151 633 15,784
At 28 February 2023 17,824 745 18,569

TR Eyes Ltd (Registered number: 11475006)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,809 7,543
Other debtors 1,250 1,250
Prepayments 390 -
6,449 8,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,818 3,165
Tax 25,889 16,287
Social security and other taxes (1,224 ) (593 )
VAT 145 846
Directors' current accounts 48,055 48,064
Accrued expenses 1,200 1,200
76,883 68,969

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 126,397
Profit for the year 77,289
Dividends (48,240 )
At 29 February 2024 155,446