Jarrod Headley Opticians Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04419056 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Jarrod Headley Opticians Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Headley

REGISTERED OFFICE:

21 Chapeltown

Pudsey

Leeds

LS28 7RZ

REGISTERED NUMBER:

04419056 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,590

6,156

5,590

6,156

CURRENT ASSETS

Stocks

9,537

10,600

Debtors

6

31,155

34,606

Cash at bank and in hand

6,818

8,098

47,510

53,304

CREDITORS

Amounts falling due within one year

7

32,979

33,625

NET CURRENT ASSETS

14,531

19,679

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,121

25,835

CREDITORS

Amounts falling due after more than one year

8

(18,517

)

(22,960

)

PROVISIONS FOR LIABILITIES

(1,398

)

(1,539

)

NET ASSETS

206

1,336

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

106

1,236

SHAREHOLDERS' FUNDS

206

1,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2025 and were signed by:

J Headley - Director

1.	STATUTORY INFORMATION

Jarrod Headley 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.

Turnover

Turnover represents amounts chargeable for spectacles, contact lenses and eye tests supplied during the period excluding value added tax.

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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost and 15% 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

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

2,850

AMORTISATION

At 1 August 2024

and 31 July 2025

2,850

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 August 2024

33,664

21,219

25,031

79,914

Additions

-

351

At 31 July 2025

33,664

21,219

25,382

80,265

DEPRECIATION

At 1 August 2024

30,454

18,729

24,575

73,758

Charge for year

321

374

222

917

At 31 July 2025

30,775

19,103

24,797

74,675

NET BOOK VALUE

At 31 July 2025

2,889

2,116

585

5,590

At 31 July 2024

3,210

2,490

456

6,156

6.

DEBTORS

31.7.25

31.7.24

£

Amounts falling due within one year:

Trade debtors

2,733

2,402

Other debtors

25,410

29,192

28,143

31,594

Amounts falling due after more than one year:

Other debtors

3,012

Aggregate amounts

31,155

34,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

4,444

4,335

Trade creditors

15,825

20,005

Taxation and social security

8,405

6,522

Other creditors

4,305

2,763

32,979

33,625

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

18,517

22,960

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,497

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

Within one year

11,422

16,155

Between one and five years

26,301

37,724

37,723

53,879

10.	SECURED DEBTS

National Westminster Bank PLC hold a fixed and floating debenture over all the assets and also over the business property part owned by the director.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

J Headley

Balance outstanding at start of year

24,045

51,310

Amounts advanced

21,154

35,657

Amounts repaid

(23,930

)

(62,922

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

21,269

24,045

Interest is charged on overdrawn loan accounts at the official rate.

This is repayable on demand.