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REGISTERED NUMBER: 03546836 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Opticaid UK Limited

Opticaid UK Limited (Registered number: 03546836)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Opticaid UK Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs Gillian Eileen Marchbank



SECRETARY: Mrs Joan Marchbank



REGISTERED OFFICE: Sizers Court
Henshaw Lane
Yeadon
Leeds
LS19 7DP



REGISTERED NUMBER: 03546836 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Lloyds Bank

Opticaid UK Limited (Registered number: 03546836)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,111 4,579
Investments 5 1 1
24,112 4,580

CURRENT ASSETS
Stocks 271,950 275,954
Debtors 6 162,771 156,638
Cash at bank and in hand 225,711 227,039
660,432 659,631
CREDITORS
Amounts falling due within one year 7 108,059 95,784
NET CURRENT ASSETS 552,373 563,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,485

568,427

CREDITORS
Amounts falling due after more than one
year

8

4,968

-
NET ASSETS 571,517 568,427

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 571,417 568,327
SHAREHOLDERS' FUNDS 571,517 568,427

Opticaid UK Limited (Registered number: 03546836)

Balance Sheet - continued
31 May 2024


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

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

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





Mrs Gillian Eileen Marchbank - Director


Opticaid UK Limited (Registered number: 03546836)

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

1. STATUTORY INFORMATION

Opticaid UK 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Opticaid UK Limited (Registered number: 03546836)

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

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 - 14,500 13,386 27,886
Additions 6,022 20,270 2,045 28,337
Disposals - (14,500 ) - (14,500 )
At 31 May 2024 6,022 20,270 15,431 41,723
DEPRECIATION
At 1 June 2023 - 10,684 12,623 23,307
Charge for year 1,142 3,975 502 5,619
Eliminated on disposal - (11,314 ) - (11,314 )
At 31 May 2024 1,142 3,345 13,125 17,612
NET BOOK VALUE
At 31 May 2024 4,880 16,925 2,306 24,111
At 31 May 2023 - 3,816 763 4,579

Opticaid UK Limited (Registered number: 03546836)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 14,500
Additions 20,270
Disposals (14,500 )
At 31 May 2024 20,270
DEPRECIATION
At 1 June 2023 10,684
Charge for year 3,975
Eliminated on disposal (11,314 )
At 31 May 2024 3,345
NET BOOK VALUE
At 31 May 2024 16,925
At 31 May 2023 3,816

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,590 117,515
Amounts owed by group undertakings - 8,175
Other debtors 8,573 5,776
Tax 552 -
Prepayments 30,056 25,172
162,771 156,638

Opticaid UK Limited (Registered number: 03546836)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,968 -
Trade creditors 19,130 23,322
Amounts owed to group undertakings 6,378 -
Tax - 2,836
Social security and other taxes 42,709 46,144
Other creditors 8,420 2,637
Accrued expenses 26,454 20,845
108,059 95,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,968 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100