REGISTERED NUMBER: 01828561 (England and Wales)

Financial Statements

for the Year Ended 31 August 2024

for

Vision Care Center Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

R E Lloyd

D R Lloyd

T C Lloyd

Secretary:

Mrs A Lloyd

Registered office:

9 Court Road

Bridgend

South Wales

CF31 1BE

Registered number:

01828561 (England and Wales)

Accountants:

Roger Thomas Limited

9 Court Road

Bridgend

South Wales

CF31 1BE

Fixed assets

Tangible assets

4

26,220

26,993

Current assets

Stocks

19,207

19,017

Debtors

5

5,350

3,762

Cash at bank and in hand

264,080

213,100

288,637

235,879

Creditors

Amounts falling due within one year

6

154,055

127,234

Net current assets

134,582

108,645

Total assets less current liabilities

160,802

135,638

Capital and reserves

Called up share capital

100

100

Retained earnings

160,702

135,538

Shareholders' funds

160,802

135,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:

D R Lloyd - Director

1.	Statutory information

Vision Care Center 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 7 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 September 2023

95,222

37,610

3,987

136,819

Additions

7,593

-

743

8,336

At 31 August 2024

102,815

37,610

4,730

145,155

Depreciation

At 1 September 2023

70,471

37,501

1,854

109,826

Charge for year

8,252

36

821

9,109

At 31 August 2024

78,723

37,537

2,675

118,935

Net book value

At 31 August 2024

24,092

73

2,055

26,220

At 31 August 2023

24,751

109

2,133

26,993

5.

Debtors: amounts falling due within one year

31.8.24

31.8.23

£

£

Trade debtors

5,224

3,762

Other debtors

126

-

5,350

3,762

6.

Creditors: amounts falling due within one year

31.8.24

31.8.23

£

£

Trade creditors

15,407

21,813

Taxation and social security

33,355

12,893

Other creditors

105,293

92,528

154,055

127,234