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REGISTERED NUMBER: 06873426 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

PA Spectacles Limited

PA Spectacles Limited (Registered number: 06873426)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PA Spectacles Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr P J Potter





REGISTERED OFFICE: 5 The Arcade
Barnsley
South Yorkshire
S70 2QP





REGISTERED NUMBER: 06873426 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

PA Spectacles Limited (Registered number: 06873426)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 49,708 41,245

CURRENT ASSETS
Stocks 126,656 122,742
Debtors 6 18,314 22,246
Cash at bank 6,290 3,202
151,260 148,190
CREDITORS
Amounts falling due within one year 7 (77,321 ) (103,299 )
NET CURRENT ASSETS 73,939 44,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,647

86,136

CREDITORS
Amounts falling due after more than one
year

8

(76,880

)

(34,000

)

PROVISIONS FOR LIABILITIES (6,667 ) (6,881 )
NET ASSETS 40,100 45,255

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 40,099 45,254
SHAREHOLDERS' FUNDS 40,100 45,255

PA Spectacles Limited (Registered number: 06873426)

Balance Sheet - continued
31 July 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2025 and were signed by:





Mr P J Potter - Director


PA Spectacles Limited (Registered number: 06873426)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

PA Spectacles 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

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

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded 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 Statement of Income and Retained Earnings, 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.


PA Spectacles Limited (Registered number: 06873426)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 43,236 25,712 - 68,948
Additions - 1,656 12,792 14,448
At 31 July 2024 43,236 27,368 12,792 83,396
DEPRECIATION
At 1 August 2023 8,146 19,557 - 27,703
Charge for year 4,323 1,022 640 5,985
At 31 July 2024 12,469 20,579 640 33,688
NET BOOK VALUE
At 31 July 2024 30,767 6,789 12,152 49,708
At 31 July 2023 35,090 6,155 - 41,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,419 18,717
Other debtors 895 3,529
18,314 22,246

PA Spectacles Limited (Registered number: 06873426)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,324 10,000
Hire purchase contracts 3,682 5,385
Trade creditors 31,705 38,412
Taxation and social security 6,062 8,678
Other creditors 18,548 40,824
77,321 103,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 65,588 31,488
Hire purchase contracts 11,292 2,512
76,880 34,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 44,100 -
Hire purchase 5,646 -
49,746 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1