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REGISTERED NUMBER: 13453839 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BDS Eyecare Ltd

BDS Eyecare Ltd (Registered number: 13453839)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDS Eyecare Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Patel
D Chhatralia





REGISTERED OFFICE: C/o Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ





REGISTERED NUMBER: 13453839 (England and Wales)





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

BDS Eyecare Ltd (Registered number: 13453839)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 311,950 330,300
Tangible assets 5 1,218,840 1,245,922
1,530,790 1,576,222

CURRENT ASSETS
Stocks 50,273 63,354
Debtors 6 31,978 58,732
Cash at bank and in hand 74,197 180,291
156,448 302,377
CREDITORS
Amounts falling due within one year 7 1,290,696 341,938
NET CURRENT LIABILITIES (1,134,248 ) (39,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,542

1,536,661

CREDITORS
Amounts falling due after more than one year 8 104,824 1,376,463
NET ASSETS 291,718 160,198

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 291,618 160,098
SHAREHOLDERS' FUNDS 291,718 160,198

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 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.

BDS Eyecare Ltd (Registered number: 13453839)

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.

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 5 November 2024 and were signed on its behalf by:




D Chhatralia - Director



S Patel - Director


BDS Eyecare Ltd (Registered number: 13453839)

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

1. STATUTORY INFORMATION

BDS Eyecare 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 2021, 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.
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.


BDS Eyecare Ltd (Registered number: 13453839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 367,000
AMORTISATION
At 1 April 2023 36,700
Amortisation for year 18,350
At 31 March 2024 55,050
NET BOOK VALUE
At 31 March 2024 311,950
At 31 March 2023 330,300

BDS Eyecare Ltd (Registered number: 13453839)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,065,000 127,734 94,000 6,804 1,293,538
Additions - - - 666 666
At 31 March 2024 1,065,000 127,734 94,000 7,470 1,294,204
DEPRECIATION
At 1 April 2023 - 19,160 26,085 2,371 47,616
Charge for year - 16,286 10,187 1,275 27,748
At 31 March 2024 - 35,446 36,272 3,646 75,364
NET BOOK VALUE
At 31 March 2024 1,065,000 92,288 57,728 3,824 1,218,840
At 31 March 2023 1,065,000 108,574 67,915 4,433 1,245,922

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,014 30,350
Other debtors 190 190
VAT 2,264 25,048
Prepayments 5,510 3,144
31,978 58,732

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 123,931 56,661
Amounts owed to group undertakings 1,087,650 262,354
Tax 50,670 -
Social security and other taxes 13,470 13,768
Other creditors 6,518 3,242
Directors' current accounts 6,106 3,713
Accrued expenses 2,351 2,200
1,290,696 341,938

BDS Eyecare Ltd (Registered number: 13453839)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans - 1-2 years - 1,241,129
Hire purchase contracts 104,824 135,334
104,824 1,376,463

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 April 2023 160,098
Profit for the year 131,520
At 31 March 2024 291,618