Company registration number 10417675 (England and Wales)
EYE RESOLUTION LTD
Unaudited financial statements
For the year ended 31 October 2024
Pages for filing with registrar
EYE RESOLUTION LTD
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EYE RESOLUTION LTD
Balance sheet
As at 31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
988
42,941
Cash at bank and in hand
3,446
770
4,434
43,711
Creditors: amounts falling due within one year
4
(34,881)
(38,557)
Net current (liabilities)/assets
(30,447)
5,154
Creditors: amounts falling due after more than one year
5
(40,360)
(69,036)
Net liabilities
(70,807)
(63,882)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(70,907)
(63,982)
Total equity
(70,807)
(63,882)

For the financial year ended 31 October 2024 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 April 2025
Ms H Khan
Director
Company registration number 10417675 (England and Wales)
EYE RESOLUTION LTD
Notes to the financial statements
For the year ended 31 October 2024
- 2 -
1
Accounting policies
Company information

Eye Resolution Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15 Nolton Street, Bridgend, CF31 1BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At 31 October 2024 the company's total liabilities exceeded its total assets by £70,807 (2023 - £63,882).true

 

The director and shareholder has pledged their continuing support and is confident on the continuing support of the company's trade creditors. The director has reviewed the company's budget and future cash flow forecasts and has concluded that it is appropriate to continue to adopt the going concern basis for the preparation of these financial statements.

 

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

EYE RESOLUTION LTD
Notes to the financial statements (continued)
For the year ended 31 October 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
1,365
Other debtors
988
41,576
988
42,941
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
29,339
29,339
Trade creditors
-
0
176
Taxation and social security
4,242
4,242
Other creditors
1,300
4,800
34,881
38,557
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
40,360
69,036
6
Related party transactions

There is a loan due from Eye Definition Limited, a company under common ownership of £988 (2023 - £41,576) which is included within debtors; amounts due within one year.

 

Interest is being charged on this loan at a rate of 5%

2024-10-312023-11-01falsefalsefalse28 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs H Khan104176752023-11-012024-10-31104176752024-10-31104176752023-10-3110417675core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3110417675core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3110417675core:ShareCapital2024-10-3110417675core:ShareCapital2023-10-3110417675core:RetainedEarningsAccumulatedLosses2024-10-3110417675core:RetainedEarningsAccumulatedLosses2023-10-3110417675bus:Director12023-11-012024-10-31104176752022-11-012023-10-3110417675core:CurrentFinancialInstruments2024-10-3110417675core:CurrentFinancialInstruments2023-10-3110417675core:WithinOneYear2024-10-3110417675core:WithinOneYear2023-10-3110417675core:Non-currentFinancialInstruments2024-10-3110417675core:Non-currentFinancialInstruments2023-10-3110417675bus:PrivateLimitedCompanyLtd2023-11-012024-10-3110417675bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110417675bus:FRS1022023-11-012024-10-3110417675bus:AuditExemptWithAccountantsReport2023-11-012024-10-3110417675bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP