Accounts Submission

Company Accounts and Tax Online 05553979 Board of Directors 1.1.19 31.12.19 31.12.19 false iso4217:GBP xbrli:pure 05553979 2018-01-01 2018-12-31 05553979 2019-12-31 05553979 2019-01-01 2019-12-31 05553979 2018-12-31 05553979 countries:EnglandWales 2019-01-01 2019-12-31 05553979 curr:PoundSterling 2019-01-01 2019-12-31 05553979 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 05553979 uk-bus:FRS102 2019-01-01 2019-12-31 05553979 uk-bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 05553979 uk-bus:FullAccounts 2019-01-01 2019-12-31 05553979 uk-bus:RegisteredOffice 2019-01-01 2019-12-31 05553979 uk-bus:Director1 2019-01-01 2019-12-31 05553979 uk-bus:Director1 2019-01-01 05553979 uk-bus:Director1 2019-12-31 05553979 core:AfterOneYear 2019-12-31 05553979 core:AfterOneYear 2018-12-31 05553979 core:WithinOneYear 2019-12-31 05553979 core:WithinOneYear 2018-12-31 05553979 core:WithinOneYear 2019-01-01 2019-12-31 05553979 core:AfterOneYear 2019-12-31 05553979 core:AfterOneYear 2018-12-31 05553979 core:AfterOneYear 2019-01-01 2019-12-31 05553979 core:ShareCapital 2019-12-31 05553979 core:ShareCapital 2018-12-31 05553979 core:RevaluationReserve 2019-12-31 05553979 core:RevaluationReserve 2018-12-31 05553979 core:RetainedEarningsAccumulatedLosses 2019-12-31 05553979 core:RetainedEarningsAccumulatedLosses 2018-12-31 05553979 1 2019-01-01 2019-12-31 05553979 core:LandBuildings 2019-01-01 2019-12-31 05553979 core:LandBuildings 2019-12-31 05553979 core:LandBuildings 2018-01-01 2018-12-31 05553979 core:LandBuildings 2018-12-31 05553979 core:PlantMachinery 2019-01-01 2019-12-31 05553979 core:PlantMachinery 2019-12-31 05553979 core:PlantMachinery 2018-01-01 2018-12-31 05553979 core:PlantMachinery 2018-12-31 05553979 core:FurnitureFittingsToolsEquipment 2019-01-01 2019-12-31 05553979 core:FurnitureFittingsToolsEquipment 2019-12-31 05553979 core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 05553979 core:FurnitureFittingsToolsEquipment 2018-12-31 05553979 core:OfficeEquipment 2019-01-01 2019-12-31 05553979 core:OfficeEquipment 2019-12-31 05553979 core:OfficeEquipment 2018-01-01 2018-12-31 05553979 core:OfficeEquipment 2018-12-31 05553979 core:Vehicles 2019-01-01 2019-12-31 05553979 core:Vehicles 2019-12-31 05553979 core:Vehicles 2018-01-01 2018-12-31 05553979 core:Vehicles 2018-12-31 05553979 core:NetGoodwill 2019-01-01 2019-12-31 05553979 core:NetGoodwill 2019-12-31 05553979 core:NetGoodwill 2018-01-01 2018-12-31 05553979 core:NetGoodwill 2018-12-31 05553979 core:IntangibleAssetsOtherThanGoodwill 2019-01-01 2019-12-31 05553979 core:IntangibleAssetsOtherThanGoodwill 2019-12-31 05553979 core:IntangibleAssetsOtherThanGoodwill 2018-01-01 2018-12-31 05553979 core:IntangibleAssetsOtherThanGoodwill 2018-12-31

Company Registration Number:
05553979 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

Contents of the Financial Statements

for the Period Ended 31 December 2019


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Principal Activities

The company's principal activity during the year continued to be that of an optician retail shop and ophthalmic locum consultancy.

Company policy on the employment of disabled persons

The director is responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the Company for that period. In preparing these accounts, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Additional information

Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Directors

The directors shown below have held office during the whole of the period from 01 January 2019 to 31 December 2019
Mr Mohammed Haris Iqbal

This report was approved by the board of directors on 8 October 2020
And Signed On Behalf Of The Board By:

Name: Mr Mohammed Haris Iqbal
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2019

	2019 £	2018 £
Turnover	323,946	293,815
Cost of sales	( 107,498 )	( 92,710 )
Gross Profit or (Loss)	216,448	201,105
Administrative Expenses	( 213,832 )	( 197,760 )
Operating Profit or (Loss)	2,616	3,345
Profit or (Loss) Before Tax	2,616	3,345
Profit or (Loss) for Period	2,616	3,345

The notes form part of these financial statements

Balance sheet

As at 31 December 2019

	Notes	2019 £	2018 £
Fixed assets
Tangible assets:	4	44,053	52,919
Total fixed assets:		44,053	52,919
Current assets
Stocks:		16,390	12,953
Debtors:	5	17,184	15,753
Cash at bank and in hand:		3,834	1,536
Total current assets:		37,408	30,242
Creditors: amounts falling due within one year:	6	( 17,354 )	( 35,186 )
Net current assets (liabilities):		20,054	( 4,944 )
Total assets less current liabilities:		64,107	47,975
Creditors: amounts falling due after more than one year:	7	( 68,975 )	( 55,460 )
Total net assets (liabilities):		( 4,868 )	( 7,485 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2019

	2019 £	2018 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	( 4,968 )	( 7,585 )
Shareholders funds:	( 4,868 )	( 7,485 )

For the year ending 31 December 2019 the company was entitled to exemption 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.

This report was approved by the board of directors on 8 October 2020
And Signed On Behalf Of The Board By:

Name: Mr Mohammed Haris Iqbal
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of good and services provided to customers.

Tangible fixed assets depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20.00% reducing balance method

Other accounting policies

Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

	2019	2018
Average number of employees during the period	11	8

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Tangible assets

	Plant & machinery	Total
Cost	£	£
At 01 January 2019	132,702	132,702
Additions	2,147	2,147
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2019	134,849	134,849
Depreciation
At 01 January 2019	79,783	79,783
Charge for year	11,013	11,013
On disposals	-	-
Other adjustments	-	-
At 31 December 2019	90,796	90,796
Net book value
At 31 December 2019	44,053	44,053
At 31 December 2018	52,919	52,919

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Debtors

	2019 £	2018 £
Trade debtors	17,184	15,753
Total	17,184	15,753

Notes to the Financial Statements

for the Period Ended 31 December 2019

6.Creditors: amounts falling due within one year note

	2019 £	2018 £
Trade creditors	17,354	35,186
Total	17,354	35,186

Notes to the Financial Statements

for the Period Ended 31 December 2019

7.Creditors: amounts falling due after more than one year

	2019 £	2018 £
Bank loans and overdrafts	68,975	55,460
Total	68,975	55,460

Director:		Mr Mohammed Haris Iqbal


Registered office:		4 Bargate Drive Wolverhampton West Midlands WV6 0QW


Company Registration Number:		05553979 (England and Wales)

Accounts Submission