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Company No: 11941080 (England and Wales)

CORNWALL EYE SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

CORNWALL EYE SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CORNWALL EYE SERVICES LIMITED

BALANCE SHEET

As at 31 March 2025
CORNWALL EYE SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Restated - note 2
Fixed assets
Investments 4 298,686 281,750
298,686 281,750
Current assets
Debtors 5 10,406 22,106
Cash at bank and in hand 6 207,773 153,176
218,179 175,282
Creditors: amounts falling due within one year 7 ( 25,490) ( 44,868)
Net current assets 192,689 130,414
Total assets less current liabilities 491,375 412,164
Net assets 491,375 412,164
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 490,375 411,164
Total shareholders' funds 491,375 412,164

For the financial 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.

Directors' responsibilities:

The financial statements of Cornwall Eye Services Limited (registered number: 11941080) were approved and authorised for issue by the Board of Directors on 16 August 2025. They were signed on its behalf by:

V S Jones
Director
D H Jones
Director
CORNWALL EYE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CORNWALL EYE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cornwall Eye Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Wellington Plantation Penelewey, Feock, Truro, TR3 6QP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

The company holds the following financial instruments:

•Cash and bank balances.
•Investments

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Prior year adjustment

A prior period adjustment has been applied to the 2024 balance sheet to more appropriately categorise funds held in a savings account previously stated within investments. On review of the elements attributed to this account it is more appropriately defined as a current asset within bank and cash reported on the balance sheet opposed to investments and has therefore been reclassified accordingly.

The profit for the year has not been affected as a result of this balance sheet reclassification. The impact of adjusting for the savings account is an increase in cash held and a decrease in investments as follows:

As previously reported Adjustment As restated
Year ended 31 March 2024 £ £ £
Cash at bank and in hand 68,176 85,000 153,176
Investments 366,750 (85,000) 281,750

3. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2024 281,750 281,750
Additions 13,440 13,440
Movement in fair value 3,496 3,496
At 31 March 2025 298,686 298,686
Carrying value at 31 March 2025 298,686 298,686
Carrying value at 31 March 2024 281,750 281,750

5. Debtors

2025 2024
£ £
Trade debtors 5,353 11,116
Interest and similar income receivable 0 7,912
Prepayments 3,170 3,078
Other debtors 1,883 0
10,406 22,106

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 207,773 153,176

7. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 22,196 42,567
Other creditors 3,294 2,301
25,490 44,868

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000