Company Registration No. 02808508 (England and Wales)
Ashdown & Collins Eyecare Limited
Unaudited accounts
for the year ended 31 March 2025
Ashdown & Collins Eyecare Limited
Unaudited accounts
Contents
Ashdown & Collins Eyecare Limited
Company Information
for the year ended 31 March 2025
Directors
Hitesh Lachani
Jyoti Lachani
Company Number
02808508 (England and Wales)
Registered Office
C/O Charterwells,
43-45 High Road,
Bushey Heath,
England,
WD23 1EE
Accountants
Charterwells
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ashdown & Collins Eyecare Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ashdown & Collins Eyecare Limited for the year ended
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Charterwells
Chartered Accountants
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
8 December 2025
Ashdown & Collins Eyecare Limited
Statement of financial position
as at 31 March 2025
Tangible assets
120,839
158,385
Cash at bank and in hand
170,799
110,936
Creditors: amounts falling due within one year
(82,304)
(48,438)
Net current assets
131,095
105,346
Total assets less current liabilities
251,934
263,731
Creditors: amounts falling due after more than one year
(244,021)
(246,511)
Called up share capital
100
100
Profit and loss account
7,813
17,120
Shareholders' funds
7,913
17,220
For the year ending 31 March 2025 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 8 December 2025 and were signed on its behalf by
Hitesh Lachani
Director
Company Registration No. 02808508
Ashdown & Collins Eyecare Limited
Notes to the Accounts
for the year ended 31 March 2025
Ashdown & Collins Eyecare Limited is a private company, limited by shares, registered in England and Wales, registration number 02808508. The registered office is C/O Charterwells,, 43-45 High Road,, Bushey Heath,, England,, WD23 1EE.
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.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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.
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.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & fittings
25% RBM (Zero in the first year)
Computer equipment
25% RBM
Other tangible fixed assets
25% RBM
Intangible Fixed Assets and Amortisation Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 6 years.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Ashdown & Collins Eyecare Limited
Notes to the Accounts
for the year ended 31 March 2025
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Workinprogress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
35,571
104,290
201,347
35,959
377,167
Additions
-
-
-
2,733
2,733
At 31 March 2025
35,571
104,290
201,347
38,692
379,900
At 1 April 2024
35,448
101,252
50,324
31,758
218,782
Charge for the year
31
759
37,756
1,733
40,279
At 31 March 2025
35,479
102,011
88,080
33,491
259,061
At 31 March 2025
92
2,279
113,267
5,201
120,839
At 31 March 2024
123
3,038
151,023
4,201
158,385
Ashdown & Collins Eyecare Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
4,375
4,993
Other debtors
13,000
13,000
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
45,531
47,248
Taxes and social security
41,183
4,955
Loans from directors
26
19
8
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
244,021
246,511
9
Average number of employees
During the year the average number of employees was 5 (2024: 4).