REGISTERED NUMBER: 01900287 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

John Fell Opticians Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J F Fell

SECRETARY:

Mrs S M Fell

REGISTERED OFFICE:

8 The Parade

Uttoxeter Road

Mickleover

Derby

DE3 5GB

REGISTERED NUMBER:

01900287 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

81,608

97,994

Investment property

6

150,000

115,000

231,608

212,994

CURRENT ASSETS

Stocks

52,966

44,536

Debtors

7

146,761

138,065

Cash at bank and in hand

37,553

42,086

237,280

224,687

CREDITORS

Amounts falling due within one year

8

244,068

202,681

NET CURRENT (LIABILITIES)/ASSETS

(6,788

)

22,006

TOTAL ASSETS LESS CURRENT LIABILITIES

224,820

235,000

CREDITORS

Amounts falling due after more than one year

9

(246,097

)

(213,079

)

PROVISIONS FOR LIABILITIES

12

(9,275

)

-

NET (LIABILITIES)/ASSETS

(30,552

)

21,921

CAPITAL AND RESERVES

Called up share capital

15,100

15,100

Fair value reserve

13

25,725

-

Retained earnings

13

(71,377

)

6,821

SHAREHOLDERS' FUNDS

(30,552

)

21,921

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

J F Fell - Director

1.	STATUTORY INFORMATION

John Fell 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of goods and services, excluding value added tax and is recognised in the period in which the goods and services were provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Assets on finance lease are depreciated over the term of the lease.

Investment property

Investment property is not depreciated but is revalued annually at its market value in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in market value is recognised in the profit or loss and transferred to a fair value reserve.

Stocks

Stocks are stated at the lower of cost and net estimated selling prices less selling costs. In determining the cost , the weighted average purchase price is used.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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.

Grants

Revenue grants are recognised in the profit and loss so as to match with the expenditure to which they are intended to contribute. Capital grants are recognised in the profit and loss over the useful economic life of the related asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

70,000

AMORTISATION

At 1 January 2024

and 31 December 2024

70,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

64,380

213,727

220,200

41,353

539,660

Additions

-

660

-

130

790

At 31 December 2024

64,380

214,387

220,200

41,483

540,450

DEPRECIATION

At 1 January 2024

30,649

162,017

209,394

39,606

441,666

Charge for year

754

13,052

2,780

590

17,176

At 31 December 2024

31,403

175,069

212,174

40,196

458,842

NET BOOK VALUE

At 31 December 2024

32,977

39,318

8,026

1,287

81,608

At 31 December 2023

33,731

51,710

10,806

1,747

97,994

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

115,000

Revaluations

35,000

At 31 December 2024

150,000

NET BOOK VALUE

At 31 December 2024

150,000

At 31 December 2023

115,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

150,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

115,000

115,000

Aggregate depreciation

(23,767

)

(21,467

)

Investment property was valued on a fair value basis on 31 December 2024 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,824

1,824

Owed by related parties

991

-

Director's current account

137,898

130,276

Prepayments and accrued income

6,048

5,965

146,761

138,065

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

143,250

76,854

Hire purchase contracts (see note 10)

8,036

7,241

Trade creditors

50,596

47,861

Amounts owed to related parties

-

999

Tax

19,727

48,460

Social security and other taxes

5,395

6,648

Other creditors

13,625

11,359

Accrued expenses

3,439

3,259

244,068

202,681

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

91,694

74,485

Bank loans - 2-5 years

127,666

116,206

Bank loans > 5 years

12,385

-

Hire purchase contracts (see note 10)

14,352

22,388

246,097

213,079

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

12,385

-

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

8,036

7,241

Between one and five years

14,352

22,388

22,388

29,629

Non-cancellable

operating leases

2024

2023

£

£

Within one year

51,768

51,768

Between one and five years

174,192

182,959

In more than five years

42,333

85,333

268,293

320,060

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

17,950

-

Bank loans

357,045

267,545

Hire purchase assets

22,388

29,629

397,383

297,174

Debts are secured against the assets to which they relate.

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Revaluation of investment property

9,275

-

Deferred

tax

£

Charge to Profit and Loss Account during year

9,275

Balance at 31 December 2024

9,275

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

6,821

-

6,821

Profit for the year

77,860

77,860

Dividends

(130,333

)

(130,333

)

Revaluation

(25,725

)

25,725

-

At 31 December 2024

(71,377

)

25,725

(45,652

)

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director maintains a loan account with the company. At the balance sheet date, the amount owing from the directors is shown in the debtors note. The amount is interest free and repayable upon demand.