Registered number
08282082
Tennyson Optical Limited
Filleted Accounts
30 November 2024
Tennyson Optical Limited
Registered number: 08282082
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,046 24,534
Current assets
Stocks 8,080 6,050
Debtors 4 1,466 3,490
Cash at bank and in hand 9,941 5,255
19,487 14,795
Creditors: amounts falling due within one year 5 (18,262) (14,285)
Net current assets 1,225 510
Total assets less current liabilities 21,271 25,044
Creditors: amounts falling due after more than one year 6 (13,206) (16,872)
Provisions for liabilities (964) (1,192)
Net assets 7,101 6,980
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,001 6,880
Shareholders' funds 7,101 6,980
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
K Schoeman
Director
Approved by the board on 9 April 2025
Tennyson Optical Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Reducing balance 20%
Fixtures, fittings, tools and equipment Reducing balance 15%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 2,324 45,226 47,550
At 30 November 2024 2,324 45,226 47,550
Depreciation
At 1 December 2023 2,324 20,692 23,016
Charge for the year - 4,488 4,488
At 30 November 2024 2,324 25,180 27,504
Net book value
At 30 November 2024 - 20,046 20,046
At 30 November 2023 - 24,534 24,534
4 Debtors 2024 2023
£ £
Trade debtors 866 2,182
Other debtors 600 1,308
1,466 3,490
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,500 5,500
Trade creditors 6,270 3,757
Taxation and social security costs 4,100 3,776
Other creditors 2,392 1,252
18,262 14,285
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,206 16,872
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 3,597
8 Other information
Tennyson Optical Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Hope Street
Barnsley
South Yorkshire
S75 2AT
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