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Company Registration No. 09555704 (England and Wales)
IKA Ophthalmic Ltd Filleted accounts for the year ended 30 April 2024
IKA Ophthalmic Ltd Filleted accounts Contents
Page
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IKA Ophthalmic Ltd Company Information for the year ended 30 April 2024
Director
Iram Arshad
Company Number
09555704 (England and Wales)
Registered Office
85 Milnrow Road Rochdale Greater Manchester OL16 5DL
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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IKA Ophthalmic Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
113,300 
- 
Current assets
Cash at bank and in hand
15,648 
122,720 
Creditors: amounts falling due within one year
(95,613)
(106,618)
Net current (liabilities)/assets
(79,965)
16,102 
Net assets
33,335 
16,102 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
33,235 
16,002 
Shareholders' funds
33,335 
16,102 
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 January 2025 and were signed on its behalf by
Iram Arshad Director Company Registration No. 09555704
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IKA Ophthalmic Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
IKA Ophthalmic Ltd is a private company, limited by shares, registered in England and Wales, registration number 09555704. The registered office is 85 Milnrow Road , Rochdale, Greater Manchester, OL16 5DL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Additions
113,300 
At 30 April 2024
113,300 
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IKA Ophthalmic Ltd Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,277 
2,671 
Other creditors
90,491 
103,127 
Accruals
845 
820 
95,613 
106,618 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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