1 October 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP045214742023-10-012024-09-30045214742024-09-30045214742023-09-3004521474core:WithinOneYear2024-09-3004521474core:WithinOneYear2023-09-3004521474core:ShareCapital2024-09-3004521474core:ShareCapital2023-09-3004521474core:RetainedEarningsAccumulatedLosses2024-09-3004521474core:RetainedEarningsAccumulatedLosses2023-09-3004521474bus:Director12023-10-012024-09-3004521474bus:RegisteredOffice2023-10-012024-09-3004521474core:NetGoodwill2023-10-012024-09-3004521474core:LandBuildings2023-10-012024-09-3004521474core:PlantMachinery2023-10-012024-09-3004521474core:FurnitureFittingsToolsEquipment2023-10-012024-09-3004521474core:MotorVehicles2023-10-012024-09-30045214742022-10-012023-09-30045214742023-10-010452147412023-10-012024-09-3004521474countries:EnglandWales2023-10-012024-09-3004521474bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3004521474bus:PrivateLimitedCompanyLtd2023-10-012024-09-3004521474bus:SmallEntities2023-10-012024-09-3004521474bus:AbridgedAccounts2023-10-012024-09-30
Company registration number:
04521474
Pabari Opticians Limited
Unaudited Filleted Abridged Financial Statements for the year ended
30 September 2024
Pabari Opticians Limited
Abridged Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5
139,858
 
166,870
 
Current assets    
Stocks
75,909
 
64,441
 
Debtors
947,231
 
1,002,086
 
Cash at bank and in hand
50,620
 
44,739
 
1,073,760
 
1,111,266
 
Creditors: amounts falling due within one year
(189,298
)
(153,717
)
Net current assets
884,462
 
957,549
 
Total assets less current liabilities 1,024,320   1,124,419  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
1,024,220
 
1,124,319
 
Shareholders funds
1,024,320
 
1,124,419
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
30 September 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
29 November 2024
, and are signed on behalf of the board by:
M Pabari
Director
Company registration number:
04521474
Pabari Opticians Limited
Notes to the Abridged Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
14 St. Marys Row
,
Moseley
,
Birmingham
,
B13 8JG
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight Line basis over its useful life
Plant and machinery
15% Reducing Balance
Fixtures, fittings and equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
8
(2023:
7.00
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 October 2023
and
30 September 2024
192,500
 
415,372
  607,872  
Amortisation and depreciation      
At
1 October 2023
192,500
 
248,502
  441,002  
Charge -  
27,012
  27,012  
At
30 September 2024
192,500
 
275,514
  468,014  
Carrying amount      
At
30 September 2024
-  
139,858
 
139,858
 
At 30 September 2023 -  
166,870
 
166,870