JPD Optics Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06373714

JPD OPTICS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

28 September 2024

JPD OPTICS LIMITED

STATEMENT OF FINANCIAL POSITION

28 September 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		16,327		18,564

CURRENT ASSETS

Stocks		60,015	62,500
Debtors	7	69,671	59,009
Cash at bank and in hand		61,651	60,321
		---------	---------
		191,337	181,830

CREDITORS: amounts falling due within one year	8	( 177,537)		( 164,882)
		---------		---------
NET CURRENT ASSETS			13,800		16,948
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			30,127		35,512

CREDITORS: amounts falling due after more than one year
Bank loans and overdrafts	( 25,920)	( 31,475)

PROVISIONS

Taxation including deferred tax	( 3,371)	( 3,752)
	--------	--------
NET ASSETS	836	285
	--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	736	185
	----	----
SHAREHOLDERS FUNDS	836	285
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JPD OPTICS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 September 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

J P Daly
Director

Company registration number: 06373714

JPD OPTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 28 SEPTEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 398 Harrogate Road, Moortown, Leeds, LS17 6PY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements 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.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	over 10 years	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 5 (2023: 5 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 30 September 2023 and 28 September 2024	102,677
	---------
Amortisation
At 30 September 2023 and 28 September 2024	102,677
	---------
Carrying amount
At 28 September 2024	–
	---------
At 29 September 2023	–
	---------

6. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 30 September 2023	67,709	8,366	76,075
Additions	–	928	928
	--------	-------	--------
At 28 September 2024	67,709	9,294	77,003
	--------	-------	--------
Depreciation
At 30 September 2023	49,531	7,980	57,511
Charge for the period	2,727	438	3,165
	--------	-------	--------
At 28 September 2024	52,258	8,418	60,676
	--------	-------	--------
Carrying amount
At 28 September 2024	15,451	876	16,327
	--------	-------	--------
At 29 September 2023	18,178	386	18,564
	--------	-------	--------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	10,164	27,987
Other debtors	59,507	31,022
	--------	--------
	69,671	59,009
	--------	--------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,556	5,563
Trade creditors	32,940	17,652
Corporation tax	92,478	99,906
Social security and other taxes	39,228	34,392
Other creditors	7,335	7,369
	---------	---------
	177,537	164,882
	---------	---------