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Company Registration No. 11111137 (England and Wales)
Advance Optics Limited Unaudited accounts for the year ended 31 December 2023
Advance Optics Limited Unaudited accounts Contents
Page
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Advance Optics Limited Company Information for the year ended 31 December 2023
Directors
Benjamin Gerard Cundy Hugo Cundy
Company Number
11111137 (England and Wales)
Registered Office
COURTYARD MEWS PICCADILLY PLACE LONDON ROAD BATH BA1 6PL UNITED KINGDOM
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Advance Optics Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,974 
5,372 
Current assets
Debtors
64,685 
121,625 
Cash at bank and in hand
161,303 
318,654 
225,988 
440,279 
Creditors: amounts falling due within one year
(89,926)
(289,046)
Net current assets
136,062 
151,233 
Total assets less current liabilities
139,036 
156,605 
Provisions for liabilities
Deferred tax
(744)
(1,021)
Net assets
138,292 
155,584 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
138,192 
155,484 
Shareholders' funds
138,292 
155,584 
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Hugo Cundy Director Company Registration No. 11111137
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Advance Optics Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Advance Optics Limited is a private company, limited by shares, registered in England and Wales, registration number 11111137. The registered office is COURTYARD MEWS PICCADILLY PLACE, LONDON ROAD, BATH, BA1 6PL, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% of cost
Fixtures & fittings
25% of cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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Advance Optics Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
10,271 
At 31 December 2023
10,271 
Depreciation
At 1 January 2023
4,899 
Charge for the year
2,398 
At 31 December 2023
7,297 
Net book value
At 31 December 2023
2,974 
At 31 December 2022
5,372 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
813 
Trade debtors
15,493 
97,292 
Other debtors
49,192 
23,520 
64,685 
121,625 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,897 
- 
Trade creditors
16,806 
44,183 
Taxes and social security
12,989 
24,908 
Other creditors
43,234 
217,625 
Loans from directors
- 
2,330 
89,926 
289,046 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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