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Registration number: 12860353

Hampshire Eye Care Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Hampshire Eye Care Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Hampshire Eye Care Ltd

(Registration number: 12860353)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

18,880

22,027

Tangible assets

6

47,309

58,728

 

66,189

80,755

Current assets

 

Stocks

7

35,000

35,000

Debtors

8

30,343

26,347

Cash at bank and in hand

 

71,106

82,379

 

136,449

143,726

Creditors: Amounts falling due within one year

9

(101,398)

(129,820)

Net current assets

 

35,051

13,906

Total assets less current liabilities

 

101,240

94,661

Creditors: Amounts falling due after more than one year

9

(31,218)

(52,056)

Provisions for liabilities

(9,766)

(14,682)

Net assets

 

60,256

27,923

Capital and reserves

 

Called up share capital

100

100

Retained earnings

60,156

27,823

Shareholders' funds

 

60,256

27,923

 

Hampshire Eye Care Ltd

(Registration number: 12860353)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 June 2025
 

.........................................
Mrs F M Hossain
Director

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
48 Swan Centre
Boots Opticians
Eastleigh
SO50 5SF

These financial statements were authorised for issue by the director on 6 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the the goods and services are provided to the customer.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Professional Equipment

20% Straight Line

Fixtures & Fittings

20% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise fee

Over 10 years

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price, after making allowance for obsolete and slow moving items. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2023 - 14).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

27,685

24,110

Amortisation expense

3,147

3,147

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Intangible assets

Franchise fee
 £

Total
£

Cost or valuation

At 1 October 2023

31,467

31,467

At 30 September 2024

31,467

31,467

Amortisation

At 1 October 2023

9,440

9,440

Amortisation charge

3,147

3,147

At 30 September 2024

12,587

12,587

Carrying amount

At 30 September 2024

18,880

18,880

At 30 September 2023

22,027

22,027

6

Tangible assets

Furniture, fittings and equipment
 £

Professional and other equipments
£

Total
£

Cost or valuation

At 1 October 2023

53,151

58,097

111,248

Additions

16,266

-

16,266

At 30 September 2024

69,417

58,097

127,514

Depreciation

At 1 October 2023

24,090

28,430

52,520

Charge for the year

16,065

11,620

27,685

At 30 September 2024

40,155

40,050

80,205

Carrying amount

At 30 September 2024

29,262

18,047

47,309

At 30 September 2023

29,061

29,667

58,728

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Stocks

2024
£

2023
£

Other inventories

35,000

35,000

8

Debtors

Current

2024
£

2023
£

Trade debtors

16,688

15,517

Prepayments

13,655

10,830

 

30,343

26,347

 

Hampshire Eye Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

13,129

13,129

Trade creditors

 

57,413

73,504

Taxation and social security

 

14,360

7,952

Accruals and deferred income

 

13,417

2,023

Other creditors

 

3,079

33,212

 

101,398

129,820


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,129 (2023 - £13,129).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

31,218

52,056


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £30,502 (2023 - £52,056).