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REGISTERED NUMBER: 01123043 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Dunelm Optical Co. Limited

Dunelm Optical Co. Limited (Registered number: 01123043)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunelm Optical Co. Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: O P J Beaumont
A G Beaumont





REGISTERED OFFICE: 9 Enterprise Way
Green Lane Indsutrial Estate
Spennymoor
County Durham
DL16 6YP





REGISTERED NUMBER: 01123043 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Dunelm Optical Co. Limited (Registered number: 01123043)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 304,676 404,078
Investments 6 308,033 308,033
612,709 712,111

CURRENT ASSETS
Stocks 7 781,868 947,294
Debtors 8 2,040,836 1,953,968
Cash at bank and in hand 82,963 387,920
2,905,667 3,289,182
CREDITORS
Amounts falling due within one year 9 721,651 827,093
NET CURRENT ASSETS 2,184,016 2,462,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,796,725

3,174,200

CREDITORS
Amounts falling due after more than one
year

10

(229,373

)

(377,560

)

PROVISIONS FOR LIABILITIES 13 - (47,000 )
NET ASSETS 2,567,352 2,749,640

CAPITAL AND RESERVES
Called up share capital 14 50,000 50,000
Share premium 1,996 1,996
Retained earnings 2,515,356 2,697,644
SHAREHOLDERS' FUNDS 2,567,352 2,749,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dunelm Optical Co. Limited (Registered number: 01123043)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





A G Beaumont - Director


Dunelm Optical Co. Limited (Registered number: 01123043)

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

1. STATUTORY INFORMATION

Dunelm Optical Co. 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.

There were no material departures from that standard.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, nor transactions conducted at a market rate.

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

Turnover includes revenue from the sale of goods.

Income recognition
Income is recognised when a contract for the sale of goods is determined as unconditional.

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.

Development costs are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Dunelm Optical Co. Limited (Registered number: 01123043)

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

2. ACCOUNTING POLICIES - continued
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.

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 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.

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

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.

Investments
Investments are held at fair value. Changes in fair value are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

Dunelm Optical Co. Limited (Registered number: 01123043)

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 September 2023
and 31 August 2024 94,564
AMORTISATION
At 1 September 2023
and 31 August 2024 94,564
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 1,029,819 192,911 185,328 1,408,058
Additions 6,995 - - 6,995
At 31 August 2024 1,036,814 192,911 185,328 1,415,053
DEPRECIATION
At 1 September 2023 727,967 100,899 175,114 1,003,980
Charge for year 68,716 31,623 6,058 106,397
At 31 August 2024 796,683 132,522 181,172 1,110,377
NET BOOK VALUE
At 31 August 2024 240,131 60,389 4,156 304,676
At 31 August 2023 301,852 92,012 10,214 404,078

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investment assets 308,033 308,033

Investments are carried at cost, the directors deem the market value is unchanged from cost and therefore investments are held at fair value

7. STOCKS
2024 2023
£    £   
Stocks 781,868 947,294

Dunelm Optical Co. Limited (Registered number: 01123043)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 534,830 434,676
Amounts owed by group undertakings 1,344,845 1,344,845
Other debtors - 46,127
Directors' current accounts 5,543 3,296
Prepayments and accrued income 155,618 125,024
2,040,836 1,953,968

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 69,445
Hire purchase contracts (see note 11) 113,819 131,261
Trade creditors 433,372 369,340
Taxation and social security 81,604 110,160
Other creditors 8,678 7,716
Directors' current accounts - 662
Accruals and deferred income 84,178 138,509
721,651 827,093

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 229,373 377,560

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 113,819 131,261
Between one and five years 229,373 377,560
343,192 508,821

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 42,000 42,000
Between one and five years 168,000 168,000
In more than five years 150,500 192,500
360,500 402,500

Dunelm Optical Co. Limited (Registered number: 01123043)

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

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 69,445
Hire purchase contracts 343,192 508,821
343,192 578,266

Hire purchase contracts are secured on the assets to which they relate.

Bank loans and overdrafts are subject to a fixed and floating charge over the assets of the company.

13. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 47,000

Deferred
tax
£   
Balance at 1 September 2023 47,000
Credit to Statement of Income and Retained Earnings during year (47,000 )
Balance at 31 August 2024 -

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
O P J Beaumont
Balance outstanding at start of year (662 ) (3,207 )
Amounts advanced 10,417 10,302
Amounts repaid (4,345 ) (7,757 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,410 (662 )

Dunelm Optical Co. Limited (Registered number: 01123043)

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

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A G Beaumont
Balance outstanding at start of year 3,296 (5,210 )
Amounts advanced 1,893 15,001
Amounts repaid (5,056 ) (6,495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133 3,296

No interest has been charged on the directors loan.

16. PARENT COMPANY

The parent company is Dunelm Optical Holdings Limited, registered office address 9 Enterprise Way, Green Lane Industrial Estate, Spennymoor, County Durham, DL16 6YP .