L&L Optical Limited Filleted Accounts Cover
L&L Optical Limited
Company No. 02734316
Information for Filing with The Registrar
30 April 2024
L&L Optical Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was retailers of optical instruments.
Directors
The Directors who served at any time during the year were as follows:
D. Clewlow
B. Hanson
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Clewlow
Director
20 February 2025
L&L Optical Limited Balance Sheet Registrar
at
30 April 2024
Company No.
02734316
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
11
Tangible assets
5
6,1848,246
6,1858,247
Current assets
Stocks
6
161,010133,596
Debtors
7
47,73547,735
Cash at bank and in hand
52,25079,096
260,995260,427
Creditors: Amount falling due within one year
8
(192,971)
(194,896)
Net current assets
68,02465,531
Total assets less current liabilities
74,20973,778
Creditors: Amounts falling due after more than one year
9
(21,069)
(44,164)
Net assets
53,14029,614
Capital and reserves
Called up share capital
100100
Profit and loss account
11
53,04029,514
Total equity
53,14029,614
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 February 2025 and signed on its behalf by:
D. Clewlow
Director
20 February 2025
L&L Optical Limited Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
L&L Optical Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 02734316
Its registered office is:
1 The Courtyard
Poundfield Road
Chalvington
East Sussex
BN27 3TD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
910
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 May 2023
11
At 30 April 2024
11
Amortisation and impairment
Net book values
At 30 April 2024
11
At 30 April 2023
11
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 May 2023
6,00069,13535,863110,998
At 30 April 2024
6,00069,13535,863110,998
Depreciation
At 1 May 2023
6,00060,88935,863102,752
Charge for the year
-2,062-2,062
At 30 April 2024
6,00062,95135,863104,814
Net book values
At 30 April 2024
-6,184-6,184
At 30 April 2023
-
8,246
-
8,246
6
Stocks
2024
2023
£
£
Finished goods
161,010133,596
161,010133,596
7
Debtors
2024
2023
£
£
Corporation tax recoverable
47,73547,735
47,73547,735
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,648-
Trade creditors
89,998108,440
Taxes and social security
54,006
70,866
Loans from directors
17,1241
Other creditors
-241
Accruals and deferred income
21,19515,348
192,971194,896
9
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
19,64340,239
Obligations under finance lease and hire purchase contracts
1,4263,925
21,06944,164
10
Share Capital
Ordinary shares
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
12
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
11,450
113,762
11,450
113,762
Dividends by type:
Equity dividends
11,450113,762
11,450
113,762
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