Company Registration No. SC393163 (Scotland)
The Optical Factory (East Kilbride) Ltd
Unaudited accounts
for the year ended 31 August 2024
The Optical Factory (East Kilbride) Ltd
Unaudited accounts
Contents
The Optical Factory (East Kilbride) Ltd
Company Information
for the year ended 31 August 2024
Company Number
SC393163 (Scotland)
Registered Office
27 TENNANT AVENUE
EAST KILBRIDE
G74 5NA
SCOTLAND
Accountants
FP Business Services Ltd
Atrium Business Centre
North Caldeen Road
Coatbridge
ML5 4EF
The Optical Factory (East Kilbride) Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
40,000
45,000
Tangible assets
5,915
7,695
Cash at bank and in hand
91,952
137,391
Creditors: amounts falling due within one year
(36,855)
(57,752)
Net current assets
122,966
127,360
Total assets less current liabilities
168,881
180,055
Creditors: amounts falling due after more than one year
(115,665)
(73,339)
Called up share capital
100
100
Profit and loss account
53,116
106,616
Shareholders' funds
53,216
106,716
For the year ending 31 August 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 20 May 2025 and were signed on its behalf by
Sean WALLS
Director
Company Registration No. SC393163
The Optical Factory (East Kilbride) Ltd
Notes to the Accounts
for the year ended 31 August 2024
The Optical Factory (East Kilbride) Ltd is a private company, limited by shares, registered in Scotland, registration number SC393163. The registered office is 27 TENNANT AVENUE, EAST KILBRIDE, G74 5NA, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Written Down Value
Fixtures & fittings
25% on Written Down Value
Computer equipment
25% on Written Down Value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
50,000
The Optical Factory (East Kilbride) Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
41,859
5,758
2,126
49,743
At 31 August 2024
41,859
5,758
2,284
49,901
At 1 September 2023
36,340
4,259
1,449
42,048
Charge for the year
1,380
374
184
1,938
At 31 August 2024
37,720
4,633
1,633
43,986
At 31 August 2024
4,139
1,125
651
5,915
At 31 August 2023
5,519
1,499
677
7,695
Amounts falling due within one year
Trade debtors
11,904
27,209
Amounts due from group undertakings etc.
47,645
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,281
28,167
Taxes and social security
21,085
22,996
Other creditors
7,294
(5,186)
Loans from directors
(8,334)
(3,754)
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
285
-
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).