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REGISTERED NUMBER: 04662734 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29th February 2024

for

Eye.D (Barnet) Limited

Eye.D (Barnet) Limited (Registered number: 04662734)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Eye.D (Barnet) Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: C Violaris





REGISTERED OFFICE: 272 Regents Park Road
Finchley
London
N3 3HN





REGISTERED NUMBER: 04662734 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

Eye.D (Barnet) Limited (Registered number: 04662734)

Statement of Financial Position
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 576,164 580,938
Investments 5 100 100
576,264 581,038

CURRENT ASSETS
Stocks 65,000 65,000
Debtors 6 203,444 202,009
Cash at bank 161,368 260,649
429,812 527,658
CREDITORS
Amounts falling due within one year 7 82,946 129,654
NET CURRENT ASSETS 346,866 398,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,130

979,042

CREDITORS
Amounts falling due after more than one
year

8

278,544

308,171
NET ASSETS 644,586 670,871

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 644,486 670,771
SHAREHOLDERS' FUNDS 644,586 670,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

Eye.D (Barnet) Limited (Registered number: 04662734)

Statement of Financial Position - continued
29th February 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 8th January 2025 and were signed by:





C Violaris - Director


Eye.D (Barnet) Limited (Registered number: 04662734)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Eye.D (Barnet) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and Straight line over 2-5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 4 ) .

Eye.D (Barnet) Limited (Registered number: 04662734)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 536,079 308,336 844,415
Additions - 932 932
At 29th February 2024 536,079 309,268 845,347
DEPRECIATION
At 1st March 2023 - 263,477 263,477
Charge for year - 5,706 5,706
At 29th February 2024 - 269,183 269,183
NET BOOK VALUE
At 29th February 2024 536,079 40,085 576,164
At 28th February 2023 536,079 44,859 580,938

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 13,995
DEPRECIATION
At 1st March 2023
and 29th February 2024 13,995
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2023
and 29th February 2024 100
NET BOOK VALUE
At 29th February 2024 100
At 28th February 2023 100

Eye.D (Barnet) Limited (Registered number: 04662734)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,422 55,562
Amounts owed by group undertakings 110,001 100,000
Other debtors 43,021 46,447
203,444 202,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,042 27,375
Hire purchase contracts and finance leases 3,641 5,908
Trade creditors 38,790 12,714
Taxation and social security 11,749 57,128
Other creditors 9,724 26,529
82,946 129,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 278,544 304,812
Hire purchase contracts and finance leases - 3,359
278,544 308,171

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
C Violaris
Balance outstanding at start of year 41,968 14,297
Amounts advanced 38,166 41,968
Amounts repaid (41,968 ) (14,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,166 41,968

Interest was charged at the official rate of 2.25% per annum on the overdrawn balances. The overdrawn loan was repaid within nine months of the year-end.