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. |
|
|
|
(continued…..//) |
|
|
|
(continued…..//) |
|
|
|
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 |