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Company Registration No. 12027645 (England and Wales)
Has Optics Ltd Filleted accounts for the year ended 30 June 2024
Has Optics Ltd Filleted accounts Contents
Page
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Has Optics Ltd Company Information for the year ended 30 June 2024
Director
Hassnain Ali Safdar
Company Number
12027645 (England and Wales)
Registered Office
16 Barrington Road Leicester LE2 2RA
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Has Optics Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
144,590 
- 
Current assets
Debtors
1,365 
5,111 
Cash at bank and in hand
5,958 
62,972 
7,323 
68,083 
Creditors: amounts falling due within one year
(21,227)
(19,707)
Net current (liabilities)/assets
(13,904)
48,376 
Total assets less current liabilities
130,686 
48,376 
Creditors: amounts falling due after more than one year
(60,000)
- 
Net assets
70,686 
48,376 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
70,586 
48,276 
Shareholders' funds
70,686 
48,376 
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Hassnain Ali Safdar Director Company Registration No. 12027645
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Has Optics Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Has Optics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12027645. The registered office is 16 Barrington Road, Leicester, LE2 2RA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments 
£ 
Valuation at 1 July 2023
- 
Additions
144,590 
Valuation at 30 June 2024
144,590 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,365 
5,111 
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Has Optics Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,624 
7,947 
Other creditors
18,867 
11,024 
Accruals
736 
736 
21,227 
19,707 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
60,000 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
99 Ordinary shares A of £1 each
99 
99 
1 B Ordinary shares of £1 each
1 
1 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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