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REGISTERED NUMBER: 05684701 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

T & L OPTICS LIMITED

T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & L OPTICS LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2024







DIRECTOR: Mr L C Thomas





SECRETARY: Mrs L M Thomas





REGISTERED OFFICE: St Annal's Lodge
40 Dockham Road
Cinderford
Gloucestershire
GL14 2AQ





REGISTERED NUMBER: 05684701 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,172 32,675
65,172 32,675

CURRENT ASSETS
Stocks 6 14,692 16,935
Debtors 7 154,399 153,491
Cash at bank 160,413 152,013
329,504 322,439
CREDITORS
Amounts falling due within one year 8 (202,609 ) (152,475 )
NET CURRENT ASSETS 126,895 169,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,067

202,639

CREDITORS
Amounts falling due after more than one
year

9

2,605

2,605

PROVISIONS FOR LIABILITIES 10 (16,298 ) (8,000 )
NET ASSETS 178,374 197,244

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,274 197,144
SHAREHOLDERS' FUNDS 178,374 197,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

BALANCE SHEET - continued
28 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr L C Thomas - Director


T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

T & L Optics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements,

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 2006, is being amortised evenly over its estimated useful life of four 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 - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Computer equipment - 33% on cost

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 Profit and loss account, 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.


T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 28 February 2024 133,500
AMORTISATION
At 1 March 2023
and 28 February 2024 133,500
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 81,657 99,781 37,923 219,361
Additions 37,555 - 28,571 66,126
Disposals - (23,677 ) (26,491 ) (50,168 )
At 28 February 2024 119,212 76,104 40,003 235,319
DEPRECIATION
At 1 March 2023 50,194 98,723 37,769 186,686
Charge for year 8,754 905 23,970 33,629
Eliminated on disposal - (23,677 ) (26,491 ) (50,168 )
At 28 February 2024 58,948 75,951 35,248 170,147
NET BOOK VALUE
At 28 February 2024 60,264 153 4,755 65,172
At 28 February 2023 31,463 1,058 154 32,675

6. STOCKS
2024 2023
£    £   
Stocks 14,692 16,935

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,000 37,997
Directors' current accounts 79,500 79,500
Tax 34,696 34,696
VAT 8,889 -
Prepayments 1,314 1,298
154,399 153,491

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,065 18,318
Trade creditors 87,531 55,579
Tax 24,473 45,464
Social security and other taxes 4,522 5,177
Accruals and other creditors 26,018 27,937
202,609 152,475

T & L OPTICS LIMITED (REGISTERED NUMBER: 05684701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years (2,605 ) (2,605 )

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,298 8,000

Deferred
tax
£   
Balance at 1 March 2023 8,000
Provided during year 8,298
Balance at 28 February 2024 16,298