P A Stockton Optician Limited - Period Ending 2019-04-30

Registration number: 05417275

P A Stockton Optician Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2019

P A Stockton Optician Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	2
Detailed Profit and Loss Account	3 to 4

P A Stockton Optician Limited

(Registration number: 05417275)
Balance Sheet as at 30 April 2019

	2019 £	2018 £
Fixed assets	1,545	1,870
Current assets	8,833	17,169
Creditors: Amounts falling due within one year	(7,821)	(16,763)
Net current assets	1,012	406
Total assets less current liabilities	2,557	2,276
Accruals and deferred income	(2,109)	(2,081)
	448	195
Capital and reserves	448	195

Page 1

P A Stockton Optician Limited

(Registration number: 05417275)
Balance Sheet as at 30 April 2019 (continued)

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 High Street
Kippax
Leeds
West Yorkshire
LS25 7AF
United Kingdom

These financial statements were authorised for issue by the director on 10 November 2019.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 10 November 2019
 

.........................................

PA Stockton
Director

Page 2

P A Stockton Optician Limited

Detailed Profit and Loss Account for the Year Ended 30 April 2019

	2019  £	2018  £
Turnover (analysed below)	103,819	114,405
Cost of sales (analysed below)	(22,459)	(25,783)
Gross profit	81,360	88,622
Gross profit (%)	78.37%	77.46%
Administrative expenses
Employment costs (analysed below)	31,703	28,015
Establishment costs (analysed below)	10,895	12,764
General administrative expenses (analysed below)	12,582	13,301
Finance charges (analysed below)	650	740
Depreciation costs (analysed below)	326	401
	56,156	55,221
Operating profit	25,204	33,401
Interest payable and similar charges (analysed below)	-	(473)
Profit before tax	25,204	32,928

This page does not form part of the statutory financial statements.

Page 3

P A Stockton Optician Limited

Detailed Profit and Loss Account for the Year Ended 30 April 2019 (continued)

2019 £

2018 £

Turnover
Sales, UK	103,819	114,405

Cost of sales
Opening stock	4,250	4,000
Purchases	22,459	26,033
Closing stock	(4,250)	(4,250)
	22,459	25,783

Employment costs
Wages and salaries	18,763	17,215
Directors remuneration	12,390	10,800
Staff training	550	-
	31,703	28,015

Establishment costs
Light, heat and power	1,523	1,396
Insurance	1,380	1,497
Repairs and renewals	2,292	3,171
Rent, rates and water	5,700	6,700
	10,895	12,764

General administrative expenses
Telephone and fax	2,987	2,866
Printing, postage and stationery	1,546	555
Trade subscriptions	1,309	1,279
Charitable donations	98	5
Sundry expenses	1,454	1,296
Cleaning	1,511	1,491
Motor expenses	1,534	2,356
Staff entertaining (allowable for tax)	432	1,405
Accountancy fees	1,711	2,048
	12,582	13,301

Finance charges
Bank charges	650	740

Depreciation costs
Depreciation of fixtures and fittings (owned)	212	251
Depreciation of office equipment (owned)	114	150
	326	401

Interest payable and similar expenses
Bank interest payable	-	473

This page does not form part of the statutory financial statements.

Page 4