Company Registration No. 11111137 (England and Wales)
Advance Optics Limited
Unaudited accounts
for the year ended 31 December 2024
Advance Optics Limited
Unaudited accounts
Contents
Advance Optics Limited
Company Information
for the year ended 31 December 2024
Directors
Benjamin Gerard Cundy
Hugo Cundy
Company Number
11111137 (England and Wales)
Registered Office
COURTYARD MEWS PICCADILLY PLACE
LONDON ROAD
BATH
BA1 6PL
UNITED KINGDOM
Advance Optics Limited
Statement of financial position
as at 31 December 2024
Tangible assets
11,595
2,974
Cash at bank and in hand
136,556
161,303
Creditors: amounts falling due within one year
(125,218)
(89,926)
Net current assets
69,561
136,062
Total assets less current liabilities
81,156
139,036
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
78,853
138,192
Shareholders' funds
78,953
138,292
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Hugo Cundy
Director
Company Registration No. 11111137
Advance Optics Limited
Notes to the Accounts
for the year ended 31 December 2024
Advance Optics Limited is a private company, limited by shares, registered in England and Wales, registration number 11111137. The registered office is COURTYARD MEWS PICCADILLY PLACE, LONDON ROAD, BATH, BA1 6PL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% of cost
Fixtures & fittings
25% of cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Advance Optics Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2024
23,733
At 31 December 2024
12,138
At 31 December 2024
11,595
Amounts falling due within one year
Trade debtors
58,223
15,493
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
41,161
16,806
Taxes and social security
12,916
12,989
Other creditors
63,424
43,234
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).