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REGISTERED NUMBER: 12914245 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

WSeyewear Limited

WSeyewear Limited (Registered number: 12914245)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WSeyewear Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: W Stollery





REGISTERED OFFICE: 8 Old Stable Lane
Kentford
Newmarket
Suffolk
CB8 7GH





REGISTERED NUMBER: 12914245 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

WSeyewear Limited (Registered number: 12914245)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,171 29,662

CURRENT ASSETS
Debtors 93,354 49,632
Cash at bank 1,230 121
94,584 49,753
CREDITORS
Amounts falling due within one year 60,698 44,484
NET CURRENT ASSETS 33,886 5,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,057

34,931

CREDITORS
Amounts falling due after more than one
year

5

(94,366

)

(28,469

)

PROVISIONS FOR LIABILITIES 6 (15,834 ) (5,636 )
NET ASSETS 2,857 826

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,757 726
SHAREHOLDERS' FUNDS 2,857 826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WSeyewear Limited (Registered number: 12914245)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2024 and were signed by:





W Stollery - Director


WSeyewear Limited (Registered number: 12914245)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WSeyewear 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.

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 represents net invoiced sales excluding Value Added Tax arising from trading as an optician.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WSeyewear Limited (Registered number: 12914245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 62,877
Additions 75,900
At 31 March 2024 138,777
DEPRECIATION
At 1 April 2023 33,215
Charge for year 26,391
At 31 March 2024 59,606
NET BOOK VALUE
At 31 March 2024 79,171
At 31 March 2023 29,662

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Hire purchase 75,900 -

6. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 15,834 5,636

Deferred
tax
£   
Balance at 1 April 2023 5,636
Charge to Statement of Income and Retained Earnings during year 10,198
Balance at 31 March 2024 15,834

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

WSeyewear Limited (Registered number: 12914245)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
W Stollery
Balance outstanding at start of year (49,632 ) (12,609 )
Amounts advanced 99,523 145,309
Amounts repaid (143,245 ) (182,332 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (93,354 ) (49,632 )