Acorah Software Products - Accounts Production 15.0.500 false true false 1 March 2023 29 February 2024 29 February 2024 05371679 Mr NISAR KHAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05371679 2023-02-28 05371679 2024-02-29 05371679 2023-03-01 2024-02-29 05371679 frs-core:CurrentFinancialInstruments 2024-02-29 05371679 frs-core:ComputerEquipment 2023-03-01 2024-02-29 05371679 frs-core:FurnitureFittings 2024-02-29 05371679 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05371679 frs-core:FurnitureFittings 2023-02-28 05371679 frs-core:NetGoodwill 2024-02-29 05371679 frs-core:NetGoodwill 2023-03-01 2024-02-29 05371679 frs-core:NetGoodwill 2023-02-28 05371679 frs-core:ShareCapital 2024-02-29 05371679 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05371679 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05371679 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05371679 frs-bus:SmallEntities 2023-03-01 2024-02-29 05371679 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05371679 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05371679 frs-bus:Director1 2023-03-01 2024-02-29 05371679 frs-countries:EnglandWales 2023-03-01 2024-02-29
Registered number: 05371679
Jennings Opticians Limited
Financial Statements
For The Year Ended 29 February 2024
AJH Financial Accountants Limited
8 Haslem business House
105 Chorley Old Road
Bolton
BL13AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05371679
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,025
Tangible Assets 5 1,203
2,228
CURRENT ASSETS
Debtors 6 1,524
Cash at bank and in hand 8,546
10,070
Creditors: Amounts Falling Due Within One Year 7 (22,790 )
NET CURRENT ASSETS (LIABILITIES) (12,720 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,492 )
NET LIABILITIES (10,492 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (10,592 )
SHAREHOLDERS' FUNDS (10,492)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr NISAR KHAN
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jennings Opticians Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05371679 . The registered office is 82, RUSSELL STREET , BOLTON, BL1 4BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
Computer Equipment stright line over 3 year
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 20,500
As at 29 February 2024 20,500
Amortisation
As at 1 March 2023 18,450
Provided during the period 1,025
As at 29 February 2024 19,475
Net Book Value
As at 29 February 2024 1,025
As at 1 March 2023 2,050
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 39,656
As at 29 February 2024 39,656
Depreciation
As at 1 March 2023 37,953
Provided during the period 500
As at 29 February 2024 38,453
Net Book Value
As at 29 February 2024 1,203
As at 1 March 2023 1,703
6. Debtors
2024
£
Due within one year
Trade debtors 1,524
7. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 22,790
8. Share Capital
2024
£
Allotted, Called up and fully paid 100
Page 4