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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
Page
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The Optical Factory (East Kilbride) Ltd Company Information for the year ended 31 August 2024
Director
Sean WALLS
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
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The Optical Factory (East Kilbride) Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,000 
45,000 
Tangible assets
5,915 
7,695 
45,915 
52,695 
Current assets
Inventories
8,256 
20,000 
Debtors
59,613 
27,721 
Cash at bank and in hand
91,952 
137,391 
159,821 
185,112 
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)
Net assets
53,216 
106,716 
Capital and reserves
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
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The Optical Factory (East Kilbride) Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
50,000 
At 31 August 2024
50,000 
Amortisation
At 1 September 2023
5,000 
Charge for the year
5,000 
At 31 August 2024
10,000 
Net book value
At 31 August 2024
40,000 
At 31 August 2023
45,000 
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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 
Additions
- 
- 
158 
158 
At 31 August 2024
41,859 
5,758 
2,284 
49,901 
Depreciation
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 
Net book value
At 31 August 2024
4,139 
1,125 
651 
5,915 
At 31 August 2023
5,519 
1,499 
677 
7,695 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
64 
512 
Trade debtors
11,904 
27,209 
Amounts due from group undertakings etc.
47,645 
- 
59,613 
27,721 
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)
Accruals
15,529 
15,529 
36,855 
57,752 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
68,838 
73,339 
Other creditors
46,542 
- 
Loans from directors
285 
- 
115,665 
73,339 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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