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REGISTERED NUMBER: 02985333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

THE SPECTACLE FACTORY SHOP LIMITED

THE SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SPECTACLE FACTORY SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr A Rashid
Mr I Rashid





SECRETARY: Mr A Rashid





REGISTERED OFFICE: 29 Salisbury Avenue
Bolton
Lancashire
BL1 4EX





REGISTERED NUMBER: 02985333 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

THE SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,457 8,091
8,457 8,091

CURRENT ASSETS
Stocks 12,000 15,000
Debtors 6 372,709 368,767
Cash at bank and in hand 56,103 15,913
440,812 399,680
CREDITORS
Amounts falling due within one year 7 191,385 134,941
NET CURRENT ASSETS 249,427 264,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,884

272,830

CREDITORS
Amounts falling due after more than one
year

8

(69,443

)

(89,351

)

PROVISIONS FOR LIABILITIES (1,030 ) (458 )
NET ASSETS 187,411 183,021

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 187,409 183,019
SHAREHOLDERS' FUNDS 187,411 183,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

BALANCE SHEET - continued
31ST AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th May 2025 and were signed on its behalf by:





Mr I Rashid - Director


THE SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

The Spectacle Factory Shop 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 two businesses in 2008, has been fully written off over its estimated useful life of ten years to £Nil.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements to property - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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 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.

THE SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 112,000
AMORTISATION
At 1st September 2023
and 31st August 2024 112,000
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 -

5. TANGIBLE FIXED ASSETS
Tenants
improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 38,256 87,926 137,234 13,056 276,472
Additions - 3,540 - - 3,540
At 31st August 2024 38,256 91,466 137,234 13,056 280,012
DEPRECIATION
At 1st September 2023 32,574 87,926 136,417 11,464 268,381
Charge for year 1,714 424 244 792 3,174
At 31st August 2024 34,288 88,350 136,661 12,256 271,555
NET BOOK VALUE
At 31st August 2024 3,968 3,116 573 800 8,457
At 31st August 2023 5,682 - 817 1,592 8,091

THE SPECTACLE FACTORY SHOP LIMITED (REGISTERED NUMBER: 02985333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 19,513 14,255
Amounts owed by group undertakings 349,215 349,215
Other debtors 3,981 5,297
372,709 368,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 10,015
Trade creditors 58,413 84,036
Taxation and social security 2,006 4,567
Other creditors 130,966 36,323
191,385 134,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 19,908
Other creditors 69,443 69,443
69,443 89,351