Company Registration No. 13794301 (England and Wales)
Eyecare Kidderminster Limited
Unaudited accounts
for the year ended 31 December 2024
Eyecare Kidderminster Limited
Statement of financial position
as at 31 December 2024
Tangible assets
53,186
38,281
Cash at bank and in hand
47,174
11,538
Creditors: amounts falling due within one year
(121,964)
(82,269)
Net current liabilities
(66,479)
(55,674)
Net liabilities
(13,293)
(17,393)
Called up share capital
10
-
Profit and loss account
(13,303)
(17,393)
Shareholders' funds
(13,293)
(17,393)
For the year ending 31 December 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2025 and were signed on its behalf by
Joseph David Peatfield
Director
Company Registration No. 13794301
Eyecare Kidderminster Limited
Notes to the Accounts
for the year ended 31 December 2024
Eyecare Kidderminster Limited is a private company, limited by shares, registered in England and Wales, registration number 13794301. The registered office is 44 Greenland Road, Selly Park, Birmingham, B29 7PN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line 5 years
Fixtures & fittings
straight line 5 years
Computer equipment
straight line 5 years
The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue operating for the foreseeable future, considering relevant factors such as current and expected financial performance, cash flow forecasts, and access to funding. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements.
Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Eyecare Kidderminster Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
39,777
22,229
456
3,536
65,998
Additions
-
30,710
-
96
30,806
At 31 December 2024
39,777
52,939
456
3,632
96,804
At 1 January 2024
14,657
10,212
456
2,392
27,717
Charge for the year
7,955
7,641
-
305
15,901
At 31 December 2024
22,612
17,853
456
2,697
43,618
At 31 December 2024
17,165
35,086
-
935
53,186
At 31 December 2023
25,120
12,017
-
1,144
38,281
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,572
1,810
Loans from directors
80,944
80,642
7
Average number of employees
During the year the average number of employees was 5 (2023: 3).