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REGISTERED NUMBER: 05309928 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

T J Lodge Opticians Limited

T J Lodge Opticians Limited (Registered number: 05309928)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


T J Lodge Opticians Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: T J Lodge





SECRETARY: Mrs A P Lodge





REGISTERED OFFICE: 9 Stone Hill
Two Mile Ash
Milton Keynes
MK8 8DN





REGISTERED NUMBER: 05309928 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

T J Lodge Opticians Limited (Registered number: 05309928)

Abridged Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 42,047 58,328
42,047 59,328

CURRENT ASSETS
Stocks 15,817 13,346
Debtors 11,383 15,722
Cash at bank and in hand 46,136 80,857
73,336 109,925
CREDITORS
Amounts falling due within one year 69,463 105,282
NET CURRENT ASSETS 3,873 4,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,920

63,971

CREDITORS
Amounts falling due after more than one
year

(40,000

)

(55,000

)

PROVISIONS FOR LIABILITIES (5,748 ) (8,812 )
NET ASSETS 172 159

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72 59
SHAREHOLDERS' FUNDS 172 159

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

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

T J Lodge Opticians Limited (Registered number: 05309928)

Abridged Statement of Financial Position - continued
31 December 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 Statement of Financial Position for the year ended 31 December 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 21 August 2025 and were signed by:





T J Lodge - Director


T J Lodge Opticians Limited (Registered number: 05309928)

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

1. STATUTORY INFORMATION

T J Lodge Opticians 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.

The director has considered the trading position of the company at both the balance sheet date and a period budgeted 12 months thereafter. The business is predominantly a cash based business and thus does not encounter pressure on cash flow. The director intends to continue with the current business activities. Taking these points into consideration the director has applied the going concern basis of preparation as appropriate.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Optical equipment - 15% on cost
Fixtures and fittings - 15% on reducing balance
Office equipment - 15% on reducing balance

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 statement of financial position date.


T J Lodge Opticians Limited (Registered number: 05309928)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024 19,000
Amortisation for year 1,000
At 31 December 2024 20,000
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 1,000

T J Lodge Opticians Limited (Registered number: 05309928)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 220,273
Additions 1,500
At 31 December 2024 221,773
DEPRECIATION
At 1 January 2024 161,945
Charge for year 17,781
At 31 December 2024 179,726
NET BOOK VALUE
At 31 December 2024 42,047
At 31 December 2023 58,328

Fixed assets, included in the above, which are held under finance leases are as follows:
Optical
equipment
£   
COST
At 1 January 2024
and 31 December 2024 30,000
DEPRECIATION
At 1 January 2024 5,625
Charge for year 4,500
At 31 December 2024 10,125
NET BOOK VALUE
At 31 December 2024 19,875
At 31 December 2023 24,375

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £62,876 (2023- £88,188) was owed by the Company to the director . £88,188 was the maximum amount outstanding during the year . No interest has been accrued or paid on the sum outstanding .

7. RELATED PARTY DISCLOSURES

Mr T L Lodge & Mrs A P Lodge own two of the properties from which the Company trades. Rent was paid by the Company during the year of £14,580 (2023 - £14,580).