Registered number
07156407
Shropshire Eye Care Ltd
Filleted Accounts
31 March 2024
Shropshire Eye Care Ltd
Registered number: 07156407
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,011 1,598
Current assets
Debtors 4 82,036 158,319
Cash at bank and in hand 3,810 21,605
85,846 179,924
Creditors: amounts falling due within one year 5 (4,796) (10,052)
Net current assets 81,050 169,872
Net assets 82,061 171,470
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,961 171,370
Shareholders' funds 82,061 171,470
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Robert B Dapling
Director
Approved by the board on 6 March 2025
Shropshire Eye Care Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Optical & Computer Equipment over 4 years
Company Website over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Optical & Computer Equipment Company Website Total
£ £ £
Cost
At 1 April 2023 14,749 3,719 18,468
At 31 March 2024 14,749 3,719 18,468
Depreciation
At 1 April 2023 13,151 3,719 16,870
Charge for the year 587 - 587
At 31 March 2024 13,738 3,719 17,457
Net book value
At 31 March 2024 1,011 - 1,011
At 31 March 2023 1,598 - 1,598
4 Debtors 2024 2023
£ £
Trade debtors 36 1,319
Other debtors 82,000 157,000
82,036 158,319
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,829 3,320
Taxation and social security costs - 3,356
Other creditors 2,967 3,376
4,796 10,052
6 Other information
Shropshire Eye Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Poplars
Kinnerley
Oswestry
SY10 8DJ
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