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
WALBANK OPTICIANS LIMITED
Company Information
for the year ended 30 June 2024
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
WALBANK OPTICIANS LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
15,580
17,539
Cash at bank and in hand
288,134
205,435
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
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
WALBANK OPTICIANS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
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
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
At 30 June 2024
-
3,565
12,015
15,580
At 30 June 2023
1,157
3,095
13,287
17,539
Amounts falling due within one year
Accrued income and prepayments
3,879
2,794
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,464
11,470
Taxes and social security
17,648
17,092
Loans from directors
-
(968)
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
2,982
-
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).