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Registered number: 07434928
Eyecare 4 U Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elevate Professional Ltd T/A Elevate Accountancy
Unit 5 Marlborough Road
Wrexham Industrial Estate
Wrexham
LL13 9RJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07434928
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,255 66,606
68,255 66,606
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 138 2,735
Cash at bank and in hand 9,599 11,135
11,237 15,370
Creditors: Amounts Falling Due Within One Year 7 (968 ) (1,385 )
NET CURRENT ASSETS (LIABILITIES) 10,269 13,985
TOTAL ASSETS LESS CURRENT LIABILITIES 78,524 80,591
NET ASSETS 78,524 80,591
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 78,522 80,589
SHAREHOLDERS' FUNDS 78,524 80,591
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Mr W Pearson
Director
31/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Eyecare 4 U Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07434928 . The registered office is 13 High Street, Coedpoeth, Wrexham, Clwyd, LL11 3RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 2% on reducing balance
Plant & Machinery 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 64,611 23,523 88,134
Additions - 4,537 4,537
Disposals - (499 ) (499 )
As at 31 March 2025 64,611 27,561 92,172
Depreciation
As at 1 April 2024 478 21,050 21,528
Provided during the period 1,282 1,117 2,399
Disposals - (10 ) (10 )
As at 31 March 2025 1,760 22,157 23,917
Net Book Value
As at 31 March 2025 62,851 5,404 68,255
As at 1 April 2024 64,133 2,473 66,606
5. Stocks
2025 2024
£ £
Stock 1,500 1,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,870
Other debtors 138 865
138 2,735
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Taxation and social security 968 1,385
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr William Pearson, who owns 100% of the share capital of the company.
Page 4