A & S OPTOMETRICS LTD Filleted accounts for Companies House (small and micro)
A & S OPTOMETRICS LTD Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
5390331
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Financial Statements |
Year ended 31 March 2022
Contents |
Page |
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2022
P.O. Box 10901
Birmingham
B1 1ZQ
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
9 |
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-------- |
-------- |
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Net current assets |
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-------- |
------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
10 |
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– |
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-------- |
------- |
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Net assets |
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------- |
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Capital and reserves
Called up share capital |
11 |
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Profit and loss account |
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------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
8 February 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
5390331
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Notes to the Financial Statements |
Year ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Fowgay Drive, Solihull, West Midlands, B91 3PH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment |
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Optical equipment |
- |
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Impairment of fixed assets
Government grants
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Tax on profit
Major components of tax expense
2022 |
2021 |
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£ |
£ |
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Current tax:
UK current tax expense |
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------- |
------- |
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Tax on profit |
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------- |
------- |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2021: lower than) the
standard rate of corporation tax in the UK
of
19
% (2021:
19
%).
2022 |
2021 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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-------- |
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Profit on ordinary activities by rate of tax |
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Effect of capital allowances and depreciation |
(
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(
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Tax on profit |
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6.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2022 |
2021 |
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£ |
£ |
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Dividends on equity shares |
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7.
Tangible assets
Equipment |
User defined asset |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2021 and 31 March 2022 |
3,337 |
2,006 |
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Depreciation |
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At 1 April 2021 and 31 March 2022 |
3,336 |
2,005 |
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Carrying amount |
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At 31 March 2022 |
1 |
1 |
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------- |
------- |
------- |
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At 31 March 2021 |
1 |
1 |
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------- |
------- |
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8.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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-------- |
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The director has repaid his overdrawn loan account after 31st March 2021.
9.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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10.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
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11.
Called up share capital
Authorised share capital
2022 |
2021 |
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No. |
£ |
No. |
£ |
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1,000 |
1,000 |
1,000 |
1,000 |
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Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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12.
Director's advances, credits and guarantees
13.
Related party transactions
The director, Mr A.S. Ubhi, received dividends amounting to £21,000 (2021 - £8,000) for the year under review. A close family member, Mrs D. Kaur, received dividends amounting to £9,000 (2021 - £4,000) for the year under review.