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REGISTERED NUMBER: 08587628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OPTICARE SOLUTIONS LIMITED

OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


OPTICARE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms J McCourt
M McCourt





REGISTERED OFFICE: 11 Merus Court
Meridian Business Park
Leicester
LE19 1RJ





REGISTERED NUMBER: 08587628 (England and Wales)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,295 111,714

CURRENT ASSETS
Stocks 88,928 66,893
Debtors 5 180,828 139,465
Cash at bank 61,760 34,513
331,516 240,871
CREDITORS
Amounts falling due within one year 6 148,879 128,071
NET CURRENT ASSETS 182,637 112,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,932

224,514

CREDITORS
Amounts falling due after more than one
year

7

(164,718

)

(24,147

)

PROVISIONS FOR LIABILITIES (7,972 ) (7,972 )
NET ASSETS 226,242 192,395

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 226,142 192,295
226,242 192,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 8 March 2025 and were signed on its behalf by:





M McCourt - Director


OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Opticare Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have not had to make any significant judgements or estimates.

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.

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 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 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.

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.

OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 87,245 82,079 169,324
Additions - 127,350 127,350
Disposals - (12,016 ) (12,016 )
At 30 June 2024 87,245 197,413 284,658
DEPRECIATION
At 1 July 2023 7,418 50,192 57,610
Charge for year 4,362 16,316 20,678
Eliminated on disposal - (9,925 ) (9,925 )
At 30 June 2024 11,780 56,583 68,363
NET BOOK VALUE
At 30 June 2024 75,465 140,830 216,295
At 30 June 2023 79,827 31,887 111,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,764 7,328
Other debtors 169,064 132,137
180,828 139,465

At the year end a director owed the company £146,532 as included in other debtors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,602 6,602
Trade creditors 90,812 71,953
Taxation and social security 7,015 38,469
Other creditors 44,450 11,047
148,879 128,071

OPTICARE SOLUTIONS LIMITED (REGISTERED NUMBER: 08587628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 5,013 11,615
Other creditors 159,705 12,532
164,718 24,147

8. CONTINGENT LIABILITIES

A contingent liability may exist in respect of a repayment of grant income to HM Revenue and Customs should the conditions under which a grant was awarded to the company not be met. Due to the nature of these contingencies, it is not currently possible to estimate the likelihood of this occurring, nor quantify the financial effect or provide an indication of timing as to the potential liability that may arise.