Company registration number 12055902 (England and Wales)
NAILSWORTH EYECARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
NAILSWORTH EYECARE LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
NAILSWORTH EYECARE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
5,545
27,341
Tangible assets
5
46,145
62,815
51,690
90,156
Current assets
Stocks
6
43,127
45,183
Debtors
38,485
26,143
Cash at bank and in hand
5,284
11,651
86,896
82,977
Creditors: amounts falling due within one year
(70,614)
(71,053)
Net current assets
16,282
11,924
Total assets less current liabilities
67,972
102,080
Creditors: amounts falling due after more than one year
(59,146)
(90,789)
Provisions for liabilities
8
(8,768)
(11,719)
Net assets/(liabilities)
58
(428)
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
10
57
(429)
Total equity
58
(428)
NAILSWORTH EYECARE LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 January 2025
Miss H Finch
Director
Company registration number 12055902 (England and Wales)
NAILSWORTH EYECARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Nailsworth Eyecare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Albion Terrace, Thrupp, Stroud, Glos, England, GL5 2BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets - goodwill

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computers
20% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

NAILSWORTH EYECARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respected 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.

1.7
Retirement benefits

The company operates a defined contributions pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.8
Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under financial leases are depreciated over their estimated useful lives or the lease term whichever is the shorter.

 

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

 

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

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
16,370
5,216
NAILSWORTH EYECARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
3
Taxation
2024
2023
£
£
(Continued)
- 5 -
Deferred tax
Origination and reversal of timing differences
(2,951)
5,077
Total tax charge
13,419
10,293
4
Intangible fixed assets
Total
£
Cost
At 1 July 2023 and 30 June 2024
108,977
Amortisation and impairment
At 1 July 2023
81,636
Amortisation charged for the year
21,796
At 30 June 2024
103,432
Carrying amount
At 30 June 2024
5,545
At 30 June 2023
27,341
5
Tangible fixed assets
Total
£
Cost
At 1 July 2023 and 30 June 2024
83,344
Depreciation and impairment
At 1 July 2023
20,529
Depreciation charged in the year
16,670
At 30 June 2024
37,199
Carrying amount
At 30 June 2024
46,145
At 30 June 2023
62,815
NAILSWORTH EYECARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
6
Stocks
2024
2023
£
£
Stocks
43,127
45,183
7
Loans and overdrafts
2024
2023
£
£
Bank loans
20,580
30,506
Other loans
28,733
36,376
49,313
66,882
Payable within one year
18,264
18,022
Payable after one year
31,049
48,860

 

8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
8,768
11,719
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
10
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
(429)
6,167
Profit for the year
22,186
30,174
Dividends declared and paid in the year
(21,700)
(36,770)
At the end of the year
57
(429)
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