CBTR OPTICAL LTD

Company Registration Number:
14888830 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 23 May 2023

End date: 31 May 2024

CBTR OPTICAL LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes

CBTR OPTICAL LTD

Balance sheet

As at 31 May 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 180,968
Total fixed assets: 180,968
Current assets
Stocks: 4 26,400
Debtors: 5 16,314
Cash at bank and in hand: 11,359
Total current assets: 54,073
Creditors: amounts falling due within one year: 6 ( 112,181 )
Net current assets (liabilities): (58,108)
Total assets less current liabilities: 122,860
Creditors: amounts falling due after more than one year: 7 ( 163,086 )
Total net assets (liabilities): (40,226)
Capital and reserves
Called up share capital: 100
Profit and loss account: (40,326 )
Total Shareholders' funds: ( 40,226 )

The notes form part of these financial statements

CBTR OPTICAL LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 February 2025
and signed on behalf of the board by:

Name: Hayley Brunsden
Status: Director

The notes form part of these financial statements

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fit out costs - Over the remaining lease term Plant and machinery - Straight line over 10 years Fixtures and fittings - Straight line over 3 years

    Other accounting policies

    Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Financial instruments All financial instruments of the company are considered to meet the definition of basic financial instruments. Short term debtors and creditors Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. 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 arc 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. Operating leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 14,307 169,980 9,137 193,424
Disposals
Revaluations
Transfers
At 31 May 2024 14,307 169,980 9,137 193,424
Depreciation
Charge for year 827 9,892 1,737 12,456
On disposals
Other adjustments
At 31 May 2024 827 9,892 1,737 12,456
Net book value
At 31 May 2024 13,480 160,088 7,400 180,968

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024
£
Stocks 26,400
Total 26,400

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024
£
Trade debtors 2,613
Other debtors 13,701
Total 16,314
Debtors due after more than one year: 9,000

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024
£
Trade creditors 12,660
Taxation and social security 979
Other creditors 98,542
Total 112,181

Included in other creditors is an amount of £61,090 in relation to the directors loan account and a company controlled by the director. This amount is interest free and repayment on demand.

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 163,086
Total 163,086

Finance leases are secured over the assets to which they relate to.

CBTR OPTICAL LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Financial Commitments

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £155,540. The company entered into a lease agreement for its premises, which is personally guaranteed by Hayley Brunsden. Under the terms of this guarantee, Hayley Brunsden is liable for one years lease obligations in the event that the company is unable to fulfil its rental commitments.