G R Green Optometrist Limited - Accounts to registrar (filleted) - small 18.2

G R Green Optometrist Limited - Accounts to registrar (filleted) - small 18.2

G R GREEN OPTOMETRIST LIMITED - Company Information

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REGISTERED NUMBER: 04603561 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

G R GREEN OPTOMETRIST LIMITED
G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R GREEN OPTOMETRIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: Mrs G R Green B.Sc.(Hons)F.C.Optom





SECRETARY: I S Green B.CH.D





REGISTERED OFFICE: 2 Stonegate Road
Meanwood
Leeds
LS6 4HY





REGISTERED NUMBER: 04603561 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND
Page 1
G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

BALANCE SHEET
31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 2,007 2,230
12,007 17,230

CURRENT ASSETS
Stocks 6,900 9,100
Debtors 6 2,140 2,211
Cash at bank and in hand 57,643 33,768
66,683 45,079
CREDITORS
Amounts falling due within one year 7 38,771 15,438
NET CURRENT ASSETS 27,912 29,641
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,919
46,871

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,819 46,771
SHAREHOLDERS' FUNDS 39,919 46,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

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G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

BALANCE SHEET - continued
31 DECEMBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2021 and were signed by:





Mrs G R Green B.Sc.(Hons)F.C.Optom - Director


The notes form part of these financial statements

Page 3
G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

G R Green Optometrist Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company is that of an opticians.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

In common with virtually every other business in the country, the Company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be assessed with complete certainty at the current time, the Directors believe they have taken all possible steps to protect the Company including accessing relevant Government assistance.

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Page 4 continued...
G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2020
and 31 December 2020 100,000
AMORTISATION
At 1 January 2020 85,000
Charge for year 5,000
At 31 December 2020 90,000
NET BOOK VALUE
At 31 December 2020 10,000
At 31 December 2019 15,000

Page 5 continued...
G R GREEN OPTOMETRIST LIMITED (REGISTERED NUMBER: 04603561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 10,708
DEPRECIATION
Charge for year 8,701
At 31 December 2020 8,701
NET BOOK VALUE
At 31 December 2020 2,007
At 31 December 2019 10,708

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 1,634 1,782
Other debtors 506 429
2,140 2,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 3,643 2,549
Taxation and social security 5,860 5,699
Other creditors 29,268 7,190
38,771 15,438

8. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £27,618 (2019: £5,090) due to Mrs G R Green. This loan is interest free with no fixed term of repayment.

Page 6