Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3172023-06-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07956437 2022-06-01 2023-05-31 07956437 2023-05-31 07956437 c:Director1 2023-06-01 2024-05-31 07956437 c:Director4 2023-06-01 2024-05-31 07956437 c:RegisteredOffice 2023-06-01 2024-05-31 07956437 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 07956437 d:Buildings d:LongLeaseholdAssets 2024-05-31 07956437 d:Buildings d:LongLeaseholdAssets 2023-05-31 07956437 d:FurnitureFittings 2023-06-01 2024-05-31 07956437 d:FurnitureFittings 2024-05-31 07956437 d:FurnitureFittings 2023-05-31 07956437 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07956437 d:OfficeEquipment 2023-06-01 2024-05-31 07956437 d:OfficeEquipment 2024-05-31 07956437 d:OfficeEquipment 2023-05-31 07956437 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07956437 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07956437 d:Goodwill 2024-05-31 07956437 d:Goodwill 2023-05-31 07956437 d:CurrentFinancialInstruments 2024-05-31 07956437 d:CurrentFinancialInstruments 2023-05-31 07956437 d:Non-currentFinancialInstruments 2024-05-31 07956437 d:Non-currentFinancialInstruments 2023-05-31 07956437 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07956437 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07956437 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 07956437 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07956437 d:ShareCapital 2024-05-31 07956437 d:ShareCapital 2023-05-31 07956437 d:RetainedEarningsAccumulatedLosses 2024-05-31 07956437 d:RetainedEarningsAccumulatedLosses 2023-05-31 07956437 c:FRS102 2023-06-01 2024-05-31 07956437 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07956437 c:FullAccounts 2023-06-01 2024-05-31 07956437 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07956437 d:WithinOneYear 2024-05-31 07956437 d:WithinOneYear 2023-05-31 07956437 d:BetweenOneFiveYears 2024-05-31 07956437 d:BetweenOneFiveYears 2023-05-31 07956437 2023-06-01 2024-05-31 07956437 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 07956437







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


FOCAL POINT (OPTICAL) LIMITED






































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FOCAL POINT (OPTICAL) LIMITED
 


 
COMPANY INFORMATION


Directors
G K Pandya 
N G O Beckwood 




Registered number
07956437



Registered office
70 Church Road
Barnes

London

SW13 0DQ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


FOCAL POINT (OPTICAL) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


FOCAL POINT (OPTICAL) LIMITED
REGISTERED NUMBER:07956437



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
19,880
26,509

  
19,880
26,509

Current assets
  

Stocks
  
40,347
44,767

Debtors: amounts falling due within one year
 6 
265,773
260,933

Cash at bank and in hand
  
3,840
13,435

  
309,960
319,135

Creditors: amounts falling due within one year
 7 
(81,483)
(66,284)

Net current assets
  
 
 
228,477
 
 
252,851

Total assets less current liabilities
  
248,357
279,360

Creditors: amounts falling due after more than one year
 8 
(11,369)
(21,595)

Provisions for liabilities
  

Deferred tax
  
(4,444)
-

  
 
 
(4,444)
 
 
-

Net assets
  
232,544
257,765

Page 1

 


FOCAL POINT (OPTICAL) LIMITED
REGISTERED NUMBER:07956437


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
232,444
257,665

  
232,544
257,765


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

N G O Beckwood
Director

Date: 27 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


FOCAL POINT (OPTICAL) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Focal Point (Optical) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents amounts (excluding value added tax) derived from the provision of optical goods and services to customers during the year.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


Page 3

 


FOCAL POINT (OPTICAL) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold property
-
25%
net book value
Fixtures and fittings
-
25%
net book value
Equipment
-
25%
net book value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to
complete and sell. Cost is based on the cost of purchase.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 4

 


FOCAL POINT (OPTICAL) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
430,000



At 31 May 2024

430,000



Amortisation


At 1 June 2023
430,000



At 31 May 2024

430,000



Net book value



At 31 May 2024
-



At 31 May 2023
-




5.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
32,910
158,088
66,650
257,648



At 31 May 2024

32,910
158,088
66,650
257,648



Depreciation


At 1 June 2023
32,866
154,489
43,785
231,140


Charge for the year
11
900
5,717
6,628



At 31 May 2024

32,877
155,389
49,502
237,768



Net book value



At 31 May 2024
33
2,699
17,148
19,880



At 31 May 2023
44
3,599
22,866
26,509

Page 5

 


FOCAL POINT (OPTICAL) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
247,154
222,335

Other debtors
9,345
27,717

Prepayments and accrued income
9,274
8,999

Deferred taxation
-
1,882

265,773
260,933



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
5,231
-

Bank loans
10,225
9,973

Trade creditors
41,808
21,981

Corporation tax
8,555
19,550

Other taxation and social security
5,107
3,778

Other creditors
1,807
2,502

Accruals and deferred income
8,750
8,500

81,483
66,284



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,369
21,595

11,369
21,595


Page 6

 


FOCAL POINT (OPTICAL) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Commitments under operating leases

At 31 May 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,500
26,500

Later than 1 year and not later than 5 years
14,354
40,854

40,854
67,354

 
Page 7