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REGISTERED NUMBER: 07640568 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

A & R Eyecare Ltd

A & R Eyecare Ltd (Registered number: 07640568)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A & R Eyecare Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTOR: Mr R S Sagoo





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 07640568 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

A & R Eyecare Ltd (Registered number: 07640568)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 103,260 116,167
Tangible assets 5 7,975 10,634
111,235 126,801

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 23,989 58,222
Cash at bank and in hand 5,306 17,221
59,295 105,443
CREDITORS
Amounts falling due within one year 7 43,449 48,205
NET CURRENT ASSETS 15,846 57,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,081

184,039

CREDITORS
Amounts falling due after more than one
year

8

(160,830

)

(161,968

)

PROVISIONS FOR LIABILITIES 9 (1,994 ) (995 )
NET (LIABILITIES)/ASSETS (35,743 ) 21,076

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings (35,753 ) 21,066
SHAREHOLDERS' FUNDS (35,743 ) 21,076

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.

A & R Eyecare Ltd (Registered number: 07640568)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr R S Sagoo - Director


A & R Eyecare Ltd (Registered number: 07640568)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

A & R 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 2012, 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 - 25% on reducing balance and over the remaining period of the lease
Fixtures and fittings - 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.

A & R Eyecare Ltd (Registered number: 07640568)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

A & R Eyecare Ltd (Registered number: 07640568)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 258,150
AMORTISATION
At 1 April 2023 141,983
Amortisation for year 12,907
At 31 March 2024 154,890
NET BOOK VALUE
At 31 March 2024 103,260
At 31 March 2023 116,167

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 46,518 31,633 78,151
DEPRECIATION
At 1 April 2023 44,562 22,955 67,517
Charge for year 489 2,170 2,659
At 31 March 2024 45,051 25,125 70,176
NET BOOK VALUE
At 31 March 2024 1,467 6,508 7,975
At 31 March 2023 1,956 8,678 10,634

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,614 4,228
Other debtors 15,375 15,913
23,989 20,141

Amounts falling due after more than one year:
Other debtors - 38,081

Aggregate amounts 23,989 58,222

A & R Eyecare Ltd (Registered number: 07640568)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,295 21,347
Trade creditors 15,027 15,986
Taxation and social security 1,606 2,092
Other creditors 2,521 8,780
43,449 48,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 160,830 161,968

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after
more than five years 106,338 94,247
106,338 94,247

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,994 995

Deferred
tax
£   
Balance at 1 April 2023 995
Provided during year 999
Balance at 31 March 2024 1,994

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

A & R Eyecare Ltd (Registered number: 07640568)

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


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R S Sagoo
Balance outstanding at start of year (7,310 ) (30,961 )
Amounts advanced 14,768 23,651
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,458 (7,310 )