Registered number
OC334105
Infocus Eyecare LLP
Filleted Accounts
30 April 2024
Infocus Eyecare LLP
Registered number: OC334105
Balance Sheet
as at 30 April 2024
2024 2023
£ £
Fixed assets
Intangible assets 59,328 59,328
Tangible assets 5,507 6,809
64,835 66,137
Current assets
Stocks 7,025 8,250
Debtors 10,083 10,586
Cash at bank and in hand 39,540 37,816
56,648 56,652
Creditors: amounts falling due within one year (27,794) (34,632)
Net current assets 28,854 22,020
Total assets less current liabilities 93,689 88,157
Net assets attributable to members 93,689 88,157
Represented by:
Members' other interests
Members' capital classified as equity 89,878 89,878
Drawings (43,341) (30,684)
Other reserves 47,152 28,963
93,689 88,157
93,689 88,157
Total members' interests
Members' other interests 93,689 88,157
93,689 88,157
For the year ended 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
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These accounts were approved by the members on 30 January 2025 and signed on their behalf by:
V Haria
Designated member
Infocus Eyecare LLP
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover for the year represents amounts receivable in respect of sales, excluding value added tax.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Goodwill Straight Line
Leasehold Straight Line
Office Equipment 25% Reducing balance
Motor Vehicle 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 59,328
At 30 April 2024 59,328
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 59,328
At 30 April 2023 59,328
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Leasehold Furniture & Fixtures Total
£ £ £
Cost
At 1 May 2023 2,823 14,970 17,793
At 30 April 2024 2,823 14,970 17,793
Depreciation
At 1 May 2023 2,823 8,161 10,984
Charge for the year - 1,302 1,302
At 30 April 2024 2,823 9,463 12,286
Net book value
At 30 April 2024 - 5,507 5,507
At 30 April 2023 - 6,809 6,809
5 Debtors 2024 2023
£ £
Other debtors 10,083 10,586
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,473 16,458
Other taxes and social security costs 1,878 2,100
Other creditors 15,443 16,074
27,794 34,632
7 Other information
Infocus Eyecare LLP is a limited liability partnership incorporated in England. Its registered office is
53 Friern Barnet Road, New Southgate, London, England, N11 3EG
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