Acorah Software Products - Accounts Production 16.5.460 false true true false 1 December 2023 31 March 2025 31 March 2025 15322282 S Tuli R Tuli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15322282 2023-11-30 15322282 2025-03-31 15322282 2023-12-01 2025-03-31 15322282 frs-core:CurrentFinancialInstruments 2025-03-31 15322282 frs-core:ComputerEquipment 2025-03-31 15322282 frs-core:ComputerEquipment 2023-12-01 2025-03-31 15322282 frs-core:ComputerEquipment 2023-11-30 15322282 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-01 2025-03-31 15322282 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2025-03-31 15322282 frs-core:OtherResidualIntangibleAssets 2025-03-31 15322282 frs-core:OtherResidualIntangibleAssets 2023-12-01 2025-03-31 15322282 frs-core:OtherResidualIntangibleAssets 2023-11-30 15322282 frs-core:ShareCapital 2025-03-31 15322282 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15322282 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2025-03-31 15322282 frs-bus:FilletedAccounts 2023-12-01 2025-03-31 15322282 frs-bus:SmallEntities 2023-12-01 2025-03-31 15322282 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2025-03-31 15322282 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2025-03-31 15322282 frs-bus:Director1 2023-12-01 2025-03-31 15322282 frs-bus:Director2 2023-12-01 2025-03-31 15322282 frs-countries:EnglandWales 2023-12-01 2025-03-31
Registered number: 15322282
The Optical Store (Online) Limited
Unaudited Financial Statements
For the Period 1 December 2023 to 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 15322282
31 March 2025
Notes £ £
FIXED ASSETS
Intangible Assets 4 10,832
Tangible Assets 5 571
11,403
CURRENT ASSETS
Stocks 6 40,000
Debtors 7 324,528
Cash at bank and in hand 2,703
367,231
Creditors: Amounts Falling Due Within One Year 8 (498,467 )
NET CURRENT ASSETS (LIABILITIES) (131,236 )
TOTAL ASSETS LESS CURRENT LIABILITIES (119,833 )
NET LIABILITIES (119,833 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (119,933 )
SHAREHOLDERS' FUNDS (119,833)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R Tuli
Director
29/08/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Optical Store (Online) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15322282 . The registered office is 21 Bullhead Road, Borehamwood, Hertfordshire, WD6 1HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the costs of the development of the company’s website, which are capitalised as an intangible fixed asset when the recognition criteria set out in Section 18 of FRS 102 are met. 
Capitalised website development costs are initially measured at cost and subsequently amortised on a straight-line basis over their estimated useful economic life of five years, reflecting the period over which the asset is expected to contribute to the company’s operations.
The carrying value of the website is reviewed annually for indicators of impairment. Where such indicators exist, the asset is assessed for recoverability and written down to its recoverable amount if necessary.
2.6. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trademarks  which are recognised as intangible fixed assets when they meet the criteria of identifiability, control, and the expectation of future economic benefits. 
Capitalised trademarks are initially measured at cost and subsequently amortised on a straight-line basis over their estimated useful economic life. Where the useful life cannot be reliably determined, a maximum period of ten years is applied in accordance with FRS 102.
The carrying value of trademarks is reviewed annually for indicators of impairment. If such indicators exist, the asset is tested for impairment and written down to its recoverable amount where necessary.
2.7. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight line
Page 2
Page 3
2.8. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 December 2023 -
Additions 12,875
As at 31 March 2025 12,875
Amortisation
As at 1 December 2023 -
Provided during the period 2,043
As at 31 March 2025 2,043
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 10,832
As at 1 December 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2023 -
Additions 583
As at 31 March 2025 583
Depreciation
As at 1 December 2023 -
Provided during the period 12
As at 31 March 2025 12
Net Book Value
As at 31 March 2025 571
As at 1 December 2023 -
6. Stocks
31 March 2025
£
Stock 40,000
7. Debtors
31 March 2025
£
Due within one year
Trade debtors 17,236
Amounts owed by participating interests 297,255
Other debtors 10,037
324,528
8. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 14,335
Bank loans and overdrafts 4
Amounts owed to participating interests 262,050
Other creditors 222,078
498,467
Page 4
Page 5
9. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 100
Page 5