IRIS Accounts Production v24.3.2.46 11074360 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110743602023-11-30110743602024-11-30110743602023-12-012024-11-30110743602022-11-30110743602022-12-012023-11-30110743602023-11-3011074360ns15:EnglandWales2023-12-012024-11-3011074360ns14:PoundSterling2023-12-012024-11-3011074360ns10:Director12023-12-012024-11-3011074360ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011074360ns10:SmallEntities2023-12-012024-11-3011074360ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011074360ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011074360ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011074360ns10:FullAccounts2023-12-012024-11-3011074360ns10:CompanySecretary12023-12-012024-11-3011074360ns10:RegisteredOffice2023-12-012024-11-3011074360ns5:CurrentFinancialInstruments2024-11-3011074360ns5:CurrentFinancialInstruments2023-11-3011074360ns5:Non-currentFinancialInstruments2024-11-3011074360ns5:Non-currentFinancialInstruments2023-11-3011074360ns5:ShareCapital2024-11-3011074360ns5:ShareCapital2023-11-3011074360ns5:RetainedEarningsAccumulatedLosses2024-11-3011074360ns5:RetainedEarningsAccumulatedLosses2023-11-3011074360ns5:PlantMachinery2023-12-012024-11-3011074360ns5:MotorVehicles2023-11-3011074360ns5:ComputerEquipment2023-11-3011074360ns5:MotorVehicles2023-12-012024-11-3011074360ns5:ComputerEquipment2023-12-012024-11-3011074360ns5:MotorVehicles2024-11-3011074360ns5:ComputerEquipment2024-11-3011074360ns5:MotorVehicles2023-11-3011074360ns5:ComputerEquipment2023-11-3011074360ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3011074360ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-11-3011074360ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011074360ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 11074360 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

INDEPENDENT EYEWEAR LTD

INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDEPENDENT EYEWEAR LTD

COMPANY INFORMATION
for the Year Ended 30th November 2024







DIRECTOR: J.S. Deane-Armstrong





SECRETARY:





REGISTERED OFFICE: 6 Rivermead Close
Addlestone
Surrey
KT15 2DR





REGISTERED NUMBER: 11074360 (England and Wales)





ACCOUNTANTS: R.T. Cruse
Accountancy Services Limited
15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG

INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)

BALANCE SHEET
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,169 2,900

CURRENT ASSETS
Debtors 5 9,612 8,356
Cash at bank 36,175 26,313
45,787 34,669
CREDITORS
Amounts falling due within one year 6 12,940 15,896
NET CURRENT ASSETS 32,847 18,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,016

21,673

CREDITORS
Amounts falling due after more than one
year

7

8,190

-
NET ASSETS 36,826 21,673

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 36,825 21,672
SHAREHOLDERS' FUNDS 36,826 21,673

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

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

The director acknowledges his 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.

INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)

BALANCE SHEET - continued
30th November 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 director and authorised for issue on 17th March 2025 and were signed by:





J.S. Deane-Armstrong - Director


INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Independent Eyewear Ltd 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2023 9,495 1,583 11,078
Additions 15,700 - 15,700
Disposals (9,495 ) - (9,495 )
At 30th November 2024 15,700 1,583 17,283
DEPRECIATION
At 1st December 2023 7,383 795 8,178
Charge for year 3,925 394 4,319
Eliminated on disposal (7,383 ) - (7,383 )
At 30th November 2024 3,925 1,189 5,114
NET BOOK VALUE
At 30th November 2024 11,775 394 12,169
At 30th November 2023 2,112 788 2,900

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 15,700
At 30th November 2024 15,700
DEPRECIATION
Charge for year 3,925
At 30th November 2024 3,925
NET BOOK VALUE
At 30th November 2024 11,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,014 8,356
Other debtors 2,598 -
9,612 8,356

INDEPENDENT EYEWEAR LTD (REGISTERED NUMBER: 11074360)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,520 7,300
Hire purchase contracts 3,462 -
Taxation and social security 3,788 7,116
Other creditors 1,170 1,480
12,940 15,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,190 -