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Company Registration No. 06918203 (England and Wales)
A.M.S Ophthalmic Opticians Limited Unaudited accounts for the year ended 31 October 2024
A.M.S Ophthalmic Opticians Limited Unaudited accounts Contents
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A.M.S Ophthalmic Opticians Limited Company Information for the year ended 31 October 2024
Director
A M Savvides
Company Number
06918203 (England and Wales)
Registered Office
MILTON & COMPANY 2 PAUL GARDENS CROYDON CR0 5QL
Accountants
Milton & Co International Accountants 2 Paul Gardens Croydon Surrey CR0 5QL
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A.M.S Ophthalmic Opticians Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
577,460 
578,734 
Current assets
Inventories
8,390 
8,480 
Cash at bank and in hand
138,207 
159,005 
146,597 
167,485 
Creditors: amounts falling due within one year
(68,926)
(100,555)
Net current assets
77,671 
66,930 
Net assets
655,131 
645,664 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
655,127 
645,660 
Shareholders' funds
655,131 
645,664 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2024 and were signed on its behalf by
A M Savvides Director Company Registration No. 06918203
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A.M.S Ophthalmic Opticians Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
A.M.S Ophthalmic Opticians Limited is a private company, limited by shares, registered in England and Wales, registration number 06918203. The registered office is MILTON & COMPANY, 2 PAUL GARDENS, CROYDON, CR0 5QL. The principal place of business is 15 Purley Road, Croydon, Surrey, CR2 6EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Principal Activities
The principal activity of the Company is that of Ophthalmic Opticians.
Dividends
The Director recommends the payment of a Dividend of £40,000 (2023 - £40,000)
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A.M.S Ophthalmic Opticians Limited Notes to the Accounts for the year ended 31 October 2024
Going concern
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
573,637 
61,024 
634,661 
At 31 October 2024
573,637 
61,024 
634,661 
Depreciation
At 1 November 2023
- 
55,927 
55,927 
Charge for the year
- 
1,274 
1,274 
At 31 October 2024
- 
57,201 
57,201 
Net book value
At 31 October 2024
573,637 
3,823 
577,460 
At 31 October 2023
573,637 
5,097 
578,734 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
31,110 
Taxes and social security
21,626 
22,205 
Proposed dividends
40,000 
40,000 
Accruals
7,300 
7,240 
68,926 
100,555 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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