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REGISTERED NUMBER: 06626077 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Francesca Lewis Opticians Limited

Francesca Lewis Opticians Limited (Registered number: 06626077)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Francesca Lewis Opticians Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Miss F J L Lewis





SECRETARY: M W R Emmerson





REGISTERED OFFICE: Atlantic Business Centre
Atlantic Strret
Altrincham
Cheshire
WA14 5NQ





REGISTERED NUMBER: 06626077 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Francesca Lewis Opticians Limited (Registered number: 06626077)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 6,250
Tangible assets 5 128,406 139,514
133,406 145,764

CURRENT ASSETS
Stocks 6,890 4,829
Debtors 6 72,288 13,697
Cash at bank 7,695 70,816
86,873 89,342
CREDITORS
Amounts falling due within one year 7 23,134 25,602
NET CURRENT ASSETS 63,739 63,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,145

209,504

CREDITORS
Amounts falling due after more than one year 8 41,925 52,986
NET ASSETS 155,220 156,518

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 155,219 156,517
SHAREHOLDERS' FUNDS 155,220 156,518

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

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

The director acknowledges her 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.

Francesca Lewis Opticians Limited (Registered number: 06626077)

Balance Sheet - continued
30 June 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 19 March 2025 and were signed by:





Miss F J L Lewis - Director


Francesca Lewis Opticians Limited (Registered number: 06626077)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Francesca Lewis Opticians Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Business Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Francesca Lewis Opticians Limited (Registered number: 06626077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 25,000
AMORTISATION
At 1 July 2023 18,750
Amortisation for year 1,250
At 30 June 2024 20,000
NET BOOK VALUE
At 30 June 2024 5,000
At 30 June 2023 6,250

Francesca Lewis Opticians Limited (Registered number: 06626077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Business and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 98,954 59,651 42,812 11,686 213,103
DEPRECIATION
At 1 July 2023 18,654 11,431 34,285 9,219 73,589
Charge for year 1,979 7,233 1,279 617 11,108
At 30 June 2024 20,633 18,664 35,564 9,836 84,697
NET BOOK VALUE
At 30 June 2024 78,321 40,987 7,248 1,850 128,406
At 30 June 2023 80,300 48,220 8,527 2,467 139,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,932 5,114
Other debtors 59,400 -
VAT 7,880 8,510
Prepayments 76 73
72,288 13,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 4,271 6,114
Tax 8,431 8,945
Social security and other taxes (139 ) (40 )
Other creditors 8 -
Directors' current accounts 8,748 8,768
Accrued expenses 1,815 1,815
23,134 25,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Property Mortgage 28,216 34,327
Hire purchase contracts 13,709 18,659
41,925 52,986

Francesca Lewis Opticians Limited (Registered number: 06626077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Property Mortgage 28,216 34,327

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 28,216 34,327

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 July 2023 156,517
Profit for the year 22,942
Dividends (24,240 )
At 30 June 2024 155,219