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Company Registration No. 08985471 (England and Wales)
WALBANK OPTICIANS LIMITED Unaudited accounts for the year ended 30 June 2024
WALBANK OPTICIANS LIMITED Unaudited accounts Contents
Page
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WALBANK OPTICIANS LIMITED Company Information for the year ended 30 June 2024
Director
Twinkle Patel
Company Number
08985471 (England and Wales)
Registered Office
101 LONG LANE HOLBURY SOUTHAMPTON SO45 2ND ENGLAND
Accountants
Numera Accountancy Ltd Certified Public Accountants 39 Clive Street CARDIFF CF11 7HJ
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WALBANK OPTICIANS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,580 
17,539 
Current assets
Inventories
27,477 
23,594 
Debtors
10,405 
18,837 
Cash at bank and in hand
288,134 
205,435 
326,016 
247,866 
Creditors: amounts falling due within one year
(28,233)
(28,794)
Net current assets
297,783 
219,072 
Total assets less current liabilities
313,363 
236,611 
Creditors: amounts falling due after more than one year
(9,911)
(10,394)
Net assets
303,452 
226,217 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
303,252 
226,017 
Shareholders' funds
303,452 
226,217 
For the year ending 30 June 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 her 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 21 March 2025 and were signed on its behalf by
Twinkle Patel Director Company Registration No. 08985471
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WALBANK OPTICIANS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
WALBANK OPTICIANS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08985471. The registered office is 101 LONG LANE, HOLBURY, SOUTHAMPTON, SO45 2ND, ENGLAND.
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.
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.
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:
Plant & machinery
20%
Fixtures & fittings
25%
Computer equipment
20%
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WALBANK OPTICIANS LIMITED Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
13,855 
33,918 
32,659 
80,432 
Additions
- 
1,658 
1,733 
3,391 
At 30 June 2024
13,855 
35,576 
34,392 
83,823 
Depreciation
At 1 July 2023
12,698 
30,823 
19,372 
62,893 
Charge for the year
1,157 
1,188 
3,005 
5,350 
At 30 June 2024
13,855 
32,011 
22,377 
68,243 
Net book value
At 30 June 2024
- 
3,565 
12,015 
15,580 
At 30 June 2023
1,157 
3,095 
13,287 
17,539 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,156 
14,751 
Trade debtors
1,074 
76 
Accrued income and prepayments
3,879 
2,794 
Other debtors
296 
- 
10,405 
17,621 
Amounts falling due after more than one year
Other debtors
- 
1,216 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
10,464 
11,470 
Taxes and social security
17,648 
17,092 
Other creditors
- 
362 
Loans from directors
- 
(968)
Accruals
121 
838 
28,233 
28,794 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,929 
10,394 
Loans from directors
2,982 
- 
9,911 
10,394 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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