REGISTERED NUMBER: 02193203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

LONDON EYE CARE CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

N Govindasami

Secretary:

Mrs J Govindasami

Registered office:

30 Knights Hill

London

SE27 0HY

Registered number:

02193203 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69 - 73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

52,000

65,000

Tangible assets

5

250,434

227,134

302,434

292,134

Current assets

Stocks

15,000

15,000

Debtors

6

617,126

613,381

Cash at bank

303,101

247,710

935,227

876,091

Creditors

Amounts falling due within one year

7

177,637

117,548

Net current assets

757,590

758,543

Total assets less current liabilities

1,060,024

1,050,677

Creditors

Amounts falling due after more than one year

8

(216,116

)

(258,369

)

Provisions for liabilities

10

(60,414

)

(54,409

)

Net assets

783,494

737,899

Capital and reserves

Called up share capital

11

2

2

Retained earnings

783,492

737,897

Shareholders' funds

783,494

737,899

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2025 and were signed by:

N Govindasami - Director

1.	Statutory information

London Eye Care Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

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

Goodwill

Goodwill, being amount paid in connection with the acquisition of businesses in 2007, 2013 and 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Straight line over 15 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3.	Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

212,376

Amortisation

At 1 January 2024

147,376

Amortisation for year

13,000

At 31 December 2024

160,376

Net book value

At 31 December 2024

52,000

At 31 December 2023

65,000

5.	Tangible fixed assets

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2024

26,116

175,671

184,639

50,925

437,351

Additions

-

37,775

27,638

1,170

66,583

At 31 December 2024

26,116

213,446

212,277

52,095

503,934

Depreciation

At 1 January 2024

18,829

96,846

91,359

3,183

210,217

Charge for year

1,820

22,308

16,024

3,131

43,283

At 31 December 2024

20,649

119,154

107,383

6,314

253,500

Net book value

At 31 December 2024

5,467

94,292

104,894

45,781

250,434

At 31 December 2023

7,287

78,825

93,280

47,742

227,134

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2024

81,154

81,900

50,925

213,979

Additions

-

26,878

1,170

28,048

At 31 December 2024

81,154

108,778

52,095

242,027

Depreciation

At 1 January 2024

34,779

975

3,183

38,937

Charge for year

11,593

12,858

3,131

27,582

At 31 December 2024

46,372

13,833

6,314

66,519

Net book value

At 31 December 2024

34,782

94,945

45,781

175,508

At 31 December 2023

46,375

80,925

47,742

175,042

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

12,675

15,229

Other debtors

604,451

598,152

617,126

613,381

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

27,594

27,594

Hire purchase contracts

43,497

32,994

Trade creditors

24,285

28,519

Taxation and social security

41,456

22,772

Other creditors

40,805

5,669

177,637

117,548

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

90,355

119,554

Hire purchase contracts

125,761

138,815

216,116

258,369

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,551

31,610

Hire purchase

-

2,260

12,551

33,870

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

117,949

147,148

The bank loan is secured by way of a fixed and floating charge over all the assets of the Company.

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

60,414

54,409

Deferred tax

£

Balance at 1 January 2024

54,409

Accelerated capital allowances

6,005

Balance at 31 December 2024

60,414

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

12.	Related party disclosures

At 31 December 2024 the Company was owed £581,779 (2023 £574,424) by NJLPGOV Limited, there is no set repayment date and no interest is charge on the loan.

The two Companies have a common director and shareholder.