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REGISTERED NUMBER: 10940014 (England and Wales)















C G Optical Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






C G Optical Limited (Registered number: 10940014)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


C G Optical Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr S J Gray
Ms C L Gough





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 10940014 (England and Wales)






C G Optical Limited (Registered number: 10940014)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,900 67,900
Tangible assets 5 35,098 42,560
88,998 110,460

CURRENT ASSETS
Stocks 94,565 73,920
Debtors 6 101,612 81,997
Cash at bank and in hand 102,861 131,130
299,038 287,047
CREDITORS
Amounts falling due within one year 7 129,933 119,914
NET CURRENT ASSETS 169,105 167,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,103

277,593

CREDITORS
Amounts falling due after more than
one year

8

10,506

20,752
NET ASSETS 247,597 256,841

C G Optical Limited (Registered number: 10940014)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200,100 200,100
Retained earnings 47,497 56,741
247,597 256,841

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mr S J Gray - Director


C G Optical Limited (Registered number: 10940014)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

C G Optical 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 2018, is being amortised evenly over its estimated useful life of ten 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.
Leasehold Improvements - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


C G Optical Limited (Registered number: 10940014)

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 140,000
AMORTISATION
At 1 July 2023 72,100
Amortisation for year 14,000
At 30 June 2024 86,100
NET BOOK VALUE
At 30 June 2024 53,900
At 30 June 2023 67,900

C G Optical Limited (Registered number: 10940014)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
Improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 19,673 68,170 8,968 8,009 104,820
Additions - 3,334 265 1,148 4,747
At 30 June 2024 19,673 71,504 9,233 9,157 109,567
DEPRECIATION
At 1 July 2023 11,621 39,450 5,231 5,958 62,260
Charge for year 2,013 7,847 1,299 1,050 12,209
At 30 June 2024 13,634 47,297 6,530 7,008 74,469
NET BOOK VALUE
At 30 June 2024 6,039 24,207 2,703 2,149 35,098
At 30 June 2023 8,052 28,720 3,737 2,051 42,560

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,702 58,227
Other debtors 31,910 23,770
101,612 81,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,246 9,994
Trade creditors 49,349 55,165
Taxation and social security 65,297 54,259
Other creditors 5,041 496
129,933 119,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,506 20,752