Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09273312 2023-06-01 2024-05-31 09273312 2022-06-01 2023-05-31 09273312 2024-05-31 09273312 2023-05-31 09273312 c:Director1 2023-06-01 2024-05-31 09273312 c:Director2 2023-06-01 2024-05-31 09273312 c:RegisteredOffice 2023-06-01 2024-05-31 09273312 d:FurnitureFittings 2023-06-01 2024-05-31 09273312 d:FurnitureFittings 2024-05-31 09273312 d:FurnitureFittings 2023-05-31 09273312 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09273312 d:CurrentFinancialInstruments 2024-05-31 09273312 d:CurrentFinancialInstruments 2023-05-31 09273312 d:Non-currentFinancialInstruments 2024-05-31 09273312 d:Non-currentFinancialInstruments 2023-05-31 09273312 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09273312 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09273312 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 09273312 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09273312 d:ShareCapital 2024-05-31 09273312 d:ShareCapital 2023-05-31 09273312 d:RetainedEarningsAccumulatedLosses 2024-05-31 09273312 d:RetainedEarningsAccumulatedLosses 2023-05-31 09273312 c:FRS102 2023-06-01 2024-05-31 09273312 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09273312 c:FullAccounts 2023-06-01 2024-05-31 09273312 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09273312 6 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 09273312







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


PANDYAWOOD OPTICAL LIMITED






































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PANDYAWOOD OPTICAL LIMITED
 


 
COMPANY INFORMATION


Directors
G K Pandya 
N G O Beckwood 




Registered number
09273312



Registered office
31 Meadow Bank Avenue

Sheffield

S7 1PB




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


PANDYAWOOD OPTICAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PANDYAWOOD OPTICAL LIMITED
REGISTERED NUMBER:09273312



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
316
421

Investments
 5 
386,658
386,658

  
386,974
387,079

Current assets
  

Stocks
  
2,374
2,129

Debtors: amounts falling due within one year
 6 
2,725
-

Cash at bank and in hand
  
1,539
1,739

  
6,638
3,868

Creditors: amounts falling due within one year
 7 
(369,565)
(376,083)

Net current liabilities
  
 
 
(362,927)
 
 
(372,215)

Total assets less current liabilities
  
24,047
14,864

Creditors: amounts falling due after more than one year
 8 
(2,227)
(11,720)

Provisions for liabilities
  

Deferred tax
  
(79)
(141)

  
 
 
(79)
 
 
(141)

Net assets
  
21,741
3,003

Page 1

 


PANDYAWOOD OPTICAL LIMITED
REGISTERED NUMBER:09273312


    
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
  
21,641
2,903

  
21,741
3,003


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 6 form part of these financial statements.

Page 2

 


PANDYAWOOD OPTICAL LIMITED
 


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

1.


General information

Pandyawood Optical Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The principal place of business is 31 Meadow Bank Avenue, Sheffield, S7 1PB.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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

 


PANDYAWOOD OPTICAL LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Reducing balance 20%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price. 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 3 (2023 - 3).

Page 4

 


PANDYAWOOD OPTICAL LIMITED
 


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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2023
2,960



At 31 May 2024

2,960



Depreciation


At 1 June 2023
2,539


Charge for the year on owned assets
105



At 31 May 2024

2,644



Net book value



At 31 May 2024
316



At 31 May 2023
421


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
386,658



At 31 May 2024
386,658





6.


Debtors

2024
2023
£
£


Other debtors
2,725
-

2,725
-


Page 5

 


PANDYAWOOD OPTICAL LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,190
7,858

Amounts owed to group undertakings
236,815
222,335

Other creditors
119,623
138,404

Accruals and deferred income
4,937
7,486

369,565
376,083


The Royal Bank of Scotland PLC holds fixed and floating charges in relation to a loan to Pandyawood Optical Limited, which are secured against the assets and undertakings of the company. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,227
11,720

2,227
11,720


The Royal Bank of Scotland PLC holds fixed and floating charges in relation to a loan to Pandyawood Optical Limited, which are secured against the assets and undertakings of the company. 


9.


Transactions with directors

At the beginning of the year, included in other creditors, is an amount of £138,404 (2023: £138,404) owed to the directors G K Pandya and N G O Beckwood. During the year the company made advances of £18,781 and received no repayments. As at 31 May 2024, the company owed the directors £119,623 (2023: £138,404) No interest was charged on these loans. 

 
Page 6