IRIS Accounts Production v25.1.4.42 07583891 Board of Directors 1.4.24 29.10.24 29.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075838912024-03-31075838912024-10-29075838912024-04-012024-10-29075838912023-03-31075838912023-04-012024-03-31075838912024-03-3107583891ns15:EnglandWales2024-04-012024-10-2907583891ns14:PoundSterling2024-04-012024-10-2907583891ns10:Director12024-04-012024-10-2907583891ns10:PrivateLimitedCompanyLtd2024-04-012024-10-2907583891ns10:SmallEntities2024-04-012024-10-2907583891ns10:AuditExempt-NoAccountantsReport2024-04-012024-10-2907583891ns10:SmallCompaniesRegimeForAccounts2024-04-012024-10-2907583891ns10:FullAccounts2024-04-012024-10-290758389112024-04-012024-10-2907583891ns10:Director22024-04-012024-10-2907583891ns10:RegisteredOffice2024-04-012024-10-2907583891ns5:CurrentFinancialInstruments2024-10-2907583891ns5:CurrentFinancialInstruments2024-03-3107583891ns5:Non-currentFinancialInstruments2024-10-2907583891ns5:Non-currentFinancialInstruments2024-03-3107583891ns5:ShareCapital2024-10-2907583891ns5:ShareCapital2024-03-3107583891ns5:RetainedEarningsAccumulatedLosses2024-10-2907583891ns5:RetainedEarningsAccumulatedLosses2024-03-3107583891ns5:NetGoodwill2024-04-012024-10-2907583891ns5:IntangibleAssetsOtherThanGoodwill2024-04-012024-10-2907583891ns5:PlantMachinery2024-04-012024-10-2907583891ns5:NetGoodwill2024-03-3107583891ns5:NetGoodwill2024-10-2907583891ns5:NetGoodwill2024-03-3107583891ns5:PlantMachinery2024-03-3107583891ns5:PlantMachinery2024-10-2907583891ns5:PlantMachinery2024-03-3107583891ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-2907583891ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107583891ns10:Director222024-03-3107583891ns10:Director222023-03-3107583891ns10:Director222024-04-012024-10-2907583891ns10:Director222023-04-012024-03-3107583891ns10:Director222024-10-2907583891ns10:Director222024-03-310758389112024-04-012024-10-29
REGISTERED NUMBER: 07583891 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024

FOR

J P OPTICAL LIMITED

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J P OPTICAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024







DIRECTORS: Mr J Plaskow
Mr I Hakim





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 07583891 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

STATEMENT OF FINANCIAL POSITION
29 OCTOBER 2024

29.10.24 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 41,985 49,532
41,985 49,532

CURRENT ASSETS
Inventories 24,326 28,369
Debtors 6 195,305 294,437
Cash at bank and in hand 2,851 2,856
222,482 325,662
CREDITORS
Amounts falling due within one year 7 206,116 218,036
NET CURRENT ASSETS 16,366 107,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,351

157,158

CREDITORS
Amounts falling due after more than one
year

8

(45,451

)

(57,336

)

PROVISIONS FOR LIABILITIES (12,797 ) (11,493 )
NET ASSETS 103 88,329

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings - 88,226
SHAREHOLDERS' FUNDS 103 88,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 October 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.

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

STATEMENT OF FINANCIAL POSITION - continued
29 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Mr I Hakim - Director


J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024


1. STATUTORY INFORMATION

J P Optical 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on reducing balance and 20% on cost

Stocks
Inventories 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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 period was 11 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 29 October 2024 385,000
AMORTISATION
At 1 April 2024
and 29 October 2024 385,000
NET BOOK VALUE
At 29 October 2024 -
At 31 March 2024 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 29 October 2024 176,824
DEPRECIATION
At 1 April 2024 127,292
Charge for period 7,547
At 29 October 2024 134,839
NET BOOK VALUE
At 29 October 2024 41,985
At 31 March 2024 49,532

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.10.24 31.3.24
£    £   
Trade debtors 29,228 33,811
Other debtors 166,077 260,626
195,305 294,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.10.24 31.3.24
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 14,940 14,940
Trade creditors 91,882 81,298
Taxation and social security 71,332 95,607
Other creditors 22,406 20,635
206,116 218,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.10.24 31.3.24
£    £   
Bank loans 25,532 28,703
Hire purchase contracts 19,919 28,633
45,451 57,336

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,309 6,480

9. RELATED PARTY TRANSACTIONS

The following advances and credits to the director Mr J Placket a director subsisted during the period ended 29 October 2024 and the year ended 31 March 2024:

29.10.24 31.3.24
£    £   
Mr J Plaskow
Balance outstanding at start of period 202,622 168,976
Amounts advanced 103,906 234,208
Amounts repaid (170,431 ) (200,562 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 136,097 202,622

This loan was repaid within 9 months of the year end.

J P OPTICAL LIMITED (REGISTERED NUMBER: 07583891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 29 OCTOBER 2024


10. POST BALANCE SHEET EVENTS

After the balance sheet date, J Plaskow has regisned from his directorship on the 14th of January 2025.