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Registered number: 11612238
Kad Optical Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Jaffer & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11612238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,184 60,388
52,184 60,388
CURRENT ASSETS
Debtors 5 101,225 125,405
Cash at bank and in hand 216,994 142,062
318,219 267,467
Creditors: Amounts Falling Due Within One Year 6 (272,243 ) (185,535 )
NET CURRENT ASSETS (LIABILITIES) 45,976 81,932
TOTAL ASSETS LESS CURRENT LIABILITIES 98,160 142,320
Creditors: Amounts Falling Due After More Than One Year 7 (40,732 ) (37,067 )
NET ASSETS 57,428 105,253
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 67,875 105,153
SHAREHOLDERS' FUNDS 67,975 105,253
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Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ritesh Dhorajiwala
Director
31/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kad Optical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11612238 . The registered office is 32 Woodstock Grove Shepherds Bush, London, W12 8LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 53,615 18,344 5,924 77,883
Additions - 301 217 518
As at 31 October 2024 53,615 18,645 6,141 78,401
Depreciation
As at 1 November 2023 13,404 3,550 541 17,495
Provided during the period 5,654 2,175 893 8,722
As at 31 October 2024 19,058 5,725 1,434 26,217
Net Book Value
As at 31 October 2024 34,557 12,920 4,707 52,184
As at 1 November 2023 40,211 14,794 5,383 60,388
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,927 51,927
Other debtors 12,338 49,276
64,265 101,203
Due after more than one year
Other debtors 36,960 24,202
101,225 125,405
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,027 34,027
Bank loans and overdrafts 8,468 -
Other creditors 196,753 118,513
Taxation and social security 32,995 32,995
272,243 185,535
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 3,665 -
Bank loans 37,067 37,067
40,732 37,067
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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