Registered number
14046329
HIGHER OPTICAL LIMITED
Filleted Accounts
31 March 2025
HIGHER OPTICAL LIMITED
Registered number: 14046329
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,436 1,628
Current assets
Debtors 4 1,475 2,705
Cash at bank and in hand 36,287 22,738
37,762 25,443
Creditors: amounts falling due within one year 5 (15,279) (14,540)
Net current assets 22,483 10,903
Total assets less current liabilities 23,919 12,531
Creditors: amounts falling due after more than one year 6 (892) (520)
Net assets 23,027 12,011
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,927 11,911
Shareholder's funds 23,027 12,011
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
HAMZA MARBAN
Director
Approved by the board on 9 April 2025
HIGHER OPTICAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 1,920
At 31 March 2025 1,920
Depreciation
At 1 April 2024 292
Charge for the year 192
At 31 March 2025 484
Net book value
At 31 March 2025 1,436
At 31 March 2024 1,628
4 Debtors 2025 2024
£ £
Trade debtors 1,475 2,705
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation Tax 12,525 12,619
Other Creditors 2,754 1,921
15,279 14,540
6 Creditors: amounts falling due after one year 2025 2024
£ £
Directors Loan 892 520
7 Controlling party
The company is under the full control of the Director by virtue of him owning the fully issued share capital.
8 Other information
HIGHER OPTICAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
159 Wakefield Road
Dewsbury
WF12 8AJ
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