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REGISTERED NUMBER: 09957083 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EYES RS LTD

EYES RS LTD (REGISTERED NUMBER: 09957083)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EYES RS LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Dr R Sandhu
Mr R S Sandhu





REGISTERED OFFICE: Unit 3-4, The Courtyard
Riverside West
Wooburn Green
Buckinghamshire
HP10 0DG





REGISTERED NUMBER: 09957083 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

EYES RS LTD (REGISTERED NUMBER: 09957083)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,056 2,885
Tangible assets 5 78,474 82,411
83,530 85,296

CURRENT ASSETS
Debtors 141,684 142,693
Cash at bank 37,335 65,121
179,019 207,814
CREDITORS
Amounts falling due within one year 19,714 64,291
NET CURRENT ASSETS 159,305 143,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,835

228,819

CREDITORS
Amounts falling due after more than one
year

46,595

-
NET ASSETS 196,240 228,819

CAPITAL AND RESERVES
Called up share capital 104 104
Revaluation reserve 56 (2,115 )
Retained earnings 196,080 230,830
196,240 228,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

EYES RS LTD (REGISTERED NUMBER: 09957083)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Dr R Sandhu - Director


EYES RS LTD (REGISTERED NUMBER: 09957083)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Eyes Rs Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Crypto currencies are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

EYES RS LTD (REGISTERED NUMBER: 09957083)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,885
Revaluations 2,171
At 31 March 2024 5,056
NET BOOK VALUE

At 31 March 2024 5,056
At 31 March 2023 2,885

Cryptocurrencies were valued on an open market basis on 31 March 2024.


EYES RS LTD (REGISTERED NUMBER: 09957083)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 152,838
Additions 57,149
Disposals (75,990 )
At 31 March 2024 133,997
DEPRECIATION
At 1 April 2023 70,427
Charge for year 13,793
Eliminated on disposal (28,697 )
At 31 March 2024 55,523
NET BOOK VALUE
At 31 March 2024 78,474
At 31 March 2023 82,411

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 75,990
Additions 54,538
Disposals (75,990 )
At 31 March 2024 54,538
DEPRECIATION
At 1 April 2023 22,702
Charge for year 6,677
Eliminated on disposal (28,697 )
At 31 March 2024 682
NET BOOK VALUE
At 31 March 2024 53,856
At 31 March 2023 53,288

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £8,971 (2023: £15,173 ) to Dr R Sandhu a director.