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REGISTERED NUMBER: 06663019 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Binocular Outlet Limited

Binocular Outlet Limited (Registered number: 06663019)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Binocular Outlet Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: B C Baker





REGISTERED OFFICE: 103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB





REGISTERED NUMBER: 06663019 (England and Wales)





ACCOUNTANTS: Strafforths
Chartered Certified Accountants
103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB

Binocular Outlet Limited (Registered number: 06663019)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,906 11,897
Investments 5 75,908 75,908
83,814 87,805

CURRENT ASSETS
Stocks 22,094 25,037
Debtors 89,516 59,498
Cash at bank 10,011 3,808
121,621 88,343
CREDITORS
Amounts falling due within one year 143,303 112,854
NET CURRENT LIABILITIES (21,682 ) (24,511 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,132 63,294

CREDITORS
Amounts falling due after more than one year 12,368 16,817
NET ASSETS 49,764 46,477

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 49,754 46,467
SHAREHOLDERS' FUNDS 49,764 46,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Binocular Outlet Limited (Registered number: 06663019)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2025 and were signed by:





B C Baker - Director


Binocular Outlet Limited (Registered number: 06663019)

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

1. STATUTORY INFORMATION

Binocular Outlet 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 20% on reducing balance and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase & leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Binocular Outlet Limited (Registered number: 06663019)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 21,997
DEPRECIATION
At 1 October 2023 10,100
Charge for year 3,991
At 30 September 2024 14,091
NET BOOK VALUE
At 30 September 2024 7,906
At 30 September 2023 11,897

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023
and 30 September 2024 75,908
NET BOOK VALUE
At 30 September 2024 75,908
At 30 September 2023 75,908

6. DEFERRED TAX
£   
Balance at 1 October 2023 (1,158 )
Charge to Income Statement during year 90
Balance at 30 September 2024 (1,068 )

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10 Ordinary £1 10 10

8. RESERVES
Retained
earnings
£   

At 1 October 2023 46,467
Profit for the year 3,287
At 30 September 2024 49,754

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B C Baker.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Binocular Outlet Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Binocular Outlet Limited for the year ended 30 September 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Binocular Outlet Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Binocular Outlet Limited and state those matters that we have agreed to state to the director of Binocular Outlet Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Binocular Outlet Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Binocular Outlet Limited. You consider that Binocular Outlet Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Binocular Outlet Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Strafforths
Chartered Certified Accountants
103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB


24 June 2025