Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 April 2023 false 29 May 2025 1 January 2024 31 December 2024 31 December 2024 01403663 P M Mullins A R Ramos J A Ramos A R Ramos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01403663 2023-12-31 01403663 2024-12-31 01403663 2024-01-01 2024-12-31 01403663 frs-core:CurrentFinancialInstruments 2024-12-31 01403663 frs-core:FurnitureFittings 2024-12-31 01403663 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01403663 frs-core:FurnitureFittings 2023-12-31 01403663 frs-core:PlantMachinery 2024-12-31 01403663 frs-core:PlantMachinery 2024-01-01 2024-12-31 01403663 frs-core:PlantMachinery 2023-12-31 01403663 frs-core:CapitalRedemptionReserve 2024-12-31 01403663 frs-core:ShareCapital 2024-12-31 01403663 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01403663 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01403663 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01403663 frs-bus:SmallEntities 2024-01-01 2024-12-31 01403663 frs-bus:Audited 2024-01-01 2024-12-31 01403663 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01403663 frs-core:CostValuation 2023-12-31 01403663 frs-core:CostValuation 2024-12-31 01403663 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01403663 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 01403663 frs-bus:Director1 2024-01-01 2024-12-31 01403663 frs-bus:Director2 2024-01-01 2024-12-31 01403663 frs-bus:Director3 2024-01-01 2024-12-31 01403663 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01403663 frs-core:CurrentFinancialInstruments 1 2024-12-31 01403663 frs-countries:EnglandWales 2024-01-01 2024-12-31 01403663 2023-03-31 01403663 2023-12-31 01403663 2023-04-01 2023-12-31 01403663 frs-core:CurrentFinancialInstruments 2023-12-31 01403663 frs-core:CapitalRedemptionReserve 2023-12-31 01403663 frs-core:ShareCapital 2023-12-31 01403663 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01403663 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01403663 frs-core:CurrentFinancialInstruments 1 2023-12-31 01403663 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 01403663
PK National Eyecare Group Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 01403663
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,160 7,701
Investments 5 11,000 11,000
16,160 18,701
CURRENT ASSETS
Debtors 6 1,612,504 1,643,853
Cash at bank and in hand 492,851 481,216
2,105,355 2,125,069
Creditors: Amounts Falling Due Within One Year 7 (1,959,621 ) (1,948,223 )
NET CURRENT ASSETS (LIABILITIES) 145,734 176,846
TOTAL ASSETS LESS CURRENT LIABILITIES 161,894 195,547
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (389 ) (1,679 )
NET ASSETS 161,505 193,868
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Capital redemption reserve 30,000 30,000
Profit and Loss Account 121,505 153,868
SHAREHOLDERS' FUNDS 161,505 193,868
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P M Mullins
Director
29th May 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
PK National Eyecare Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01403663 . The registered office is Clermont House, High Street, Cranbrook, Kent, TN17 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
2.2. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates
and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.
Judgements
No significant judgements have been made by management in preparing these financial statements.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial
statements other than those detailed in these accounting policies.
2.4. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the
ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and
discounts.
The company recognises turnover when the amount of turnover can be reliably measured, it is probable that
future economic benefits will flow to the entity and specific criteria have been met for each of the company's
activities.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20 - 33% straight line
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2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis
over the period of the lease.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Group accounts not prepared
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the
requirement to prepare consolidated financial statements, on the grounds that it is a small group.
2.10. Additional Accounting Policies
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and
hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of
trade debtors is established when there is objective evidence that the company will not be able to collect all
amounts due according to the original terms of the debtors.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months
after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.
...CONTINUED
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2.10. Additional Accounting Policies - continued
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence
are included at the undiscounted amount of cash expected to be paid.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred
and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the
reporting period in which the dividends are declared.
2.11. Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are
measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 23)
24 23
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 28,261 35,625 63,886
Additions - 706 706
As at 31 December 2024 28,261 36,331 64,592
Depreciation
As at 1 January 2024 28,261 27,924 56,185
Provided during the period - 3,247 3,247
As at 31 December 2024 28,261 31,171 59,432
Net Book Value
As at 31 December 2024 - 5,160 5,160
As at 1 January 2024 - 7,701 7,701
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5. Investments
Other
£
Cost
As at 1 January 2024 11,000
As at 31 December 2024 11,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 11,000
As at 1 January 2024 11,000
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share
capital are as follows:
Optinet Limited
Clermont House, High Street, Cranbrook, Kent, TN17 3DN
Ordinary & Preference Shares - 100% of the voting rights and shares held.
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 1,566,867 1,571,599
Prepayments and accrued income 35,138 34,567
Other debtors 6,026 3,212
Amounts owed by group undertakings 4,473 34,475
1,612,504 1,643,853
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 1,668,334 1,738,648
Corporation tax 77,011 44,405
Other taxes and social security 17,652 16,235
VAT 23,661 18,797
Other creditors - 3,161
Outstanding defined contribution pension costs 2,759 2,301
Group Relief - 4,297
Accruals and deferred income 66,413 42,881
Amounts owed to group undertakings 103,791 77,498
1,959,621 1,948,223
8. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2024 31 December 2023
£ £
Accelerated capital allowances - 1,925
Other timing differences 389 (246)
389 1,679
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Financial commitments, guarantees and contingencies
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £170,276 (2023 - £110,426).
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11. Audit Information
The auditor's report on the accounts of PK National Eyecare Group Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Paul Fussell (Senior Statutory Auditor) for and on behalf of Hazlewoods LLP , Statutory Auditor.
Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX
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