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REGISTERED NUMBER: 06508415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eyecare for Life Limited

Eyecare for Life Limited (Registered number: 06508415)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eyecare for Life Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J B A Gomez





REGISTERED OFFICE: 43 Market Place
Wetherby
Yorkshire
LS22 6LN





REGISTERED NUMBER: 06508415 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Eyecare for Life Limited (Registered number: 06508415)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 25,000
Tangible assets 5 16,093 15,075
36,093 40,075

CURRENT ASSETS
Stocks 22,850 22,592
Debtors 6 51,888 15,336
Cash at bank and in hand 98,934 113,882
173,672 151,810
CREDITORS
Amounts falling due within one year 7 47,097 55,025
NET CURRENT ASSETS 126,575 96,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,668

136,860

PROVISIONS FOR LIABILITIES 8 2,852 2,613
NET ASSETS 159,816 134,247

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 159,815 134,246
SHAREHOLDERS' FUNDS 159,816 134,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eyecare for Life Limited (Registered number: 06508415)

Balance Sheet - continued
31 March 2024


The 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, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:





Mr J B A Gomez - Director


Eyecare for Life Limited (Registered number: 06508415)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eyecare for Life Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Eyecare for Life Limited (Registered number: 06508415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 75,000
Charge for year 5,000
At 31 March 2024 80,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 25,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,670 62,127 15,871 91,668
Additions 3,815 228 978 5,021
At 31 March 2024 17,485 62,355 16,849 96,689
DEPRECIATION
At 1 April 2023 7,857 55,794 12,942 76,593
Charge for year 1,734 1,500 769 4,003
At 31 March 2024 9,591 57,294 13,711 80,596
NET BOOK VALUE
At 31 March 2024 7,894 5,061 3,138 16,093
At 31 March 2023 5,813 6,333 2,929 15,075

Eyecare for Life Limited (Registered number: 06508415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 16,193 10,364
Director's current account 34,097 3,588
Prepayments and accrued income 1,598 1,384
51,888 15,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 9,905 8,283
Corporation tax 25,383 44,221
Social security and other taxes 862 645
VAT 1,514 493
Other creditors and accruals 9,433 1,383
47,097 55,025

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 2,852 2,613

Deferred
tax
£   
Balance at 1 April 2023 2,613
Charge to Income Statement during year 239
Balance at 31 March 2024 2,852

9. RESERVES
Retained
earnings
£   

At 1 April 2023 134,246
Profit for the year 80,569
Dividends (55,000 )
At 31 March 2024 159,815

10. RELATED PARTY DISCLOSURES

At 31 March 2024 the director owed the sum of £34,097 (2023: £3,588) to the company. This was repaid within 9 months of the financial year.

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Eyecare For Life (Holdings) Limited.

Eyecare for Life Limited (Registered number: 06508415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class:
Nominal
value:

2024

2023
£ £
20 A Ordinary £0.01 £0.20 £0.20

100 B Ordinary £0.01 £1 £1

£1.20 £1.20