Accounts Submission

Accounts Submission

ZEIDAN OPHTHALMIC OPTICIANS LIMITED - Company Information

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ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Company Registration Number:
01861192 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Page 1

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

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

Page 2

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Company Information

for the Period Ended 31 March 2020




Director: Chaaban Zeidan
Karen Zeidan
Secretary: Karen Zeidan
Registered office: 15
Newfield Avenue
Kenilworth
England
CV8 2AU
Company Registration Number: 01861192 (England and Wales)

Page 3

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Directors' Report Period Ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Principal Activities

Ophthalmic and dispensing opticians

Directors

The directors shown below have held office during the whole of the period from 01 April 2019 to 31 March 2020
Chaaban Zeidan
Karen Zeidan

Secretary
Karen Zeidan

This report was approved by the board of directors on 31 March 2021
And Signed On Behalf Of The Board By:

Name: Chaaban Zeidan
Status: Director

Page 4

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Profit and Loss Account

for the Period Ended 31 March 2020


Notes
2020
£
2019
£
Turnover 69,462 60,085
Cost of sales ( 16,265 ) ( 3,955 )
Gross Profit or (Loss) 53,197 56,130
Administrative Expenses ( 38,599 ) ( 43,822 )
Operating Profit or (Loss) 14,598 12,308
Profit or (Loss) Before Tax 14,598 12,308
Tax on Profit ( 2,774 ) ( 2,619 )
Profit or (Loss) for Period 11,824 9,689

The notes form part of these financial statements

Page 5

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
£
2019
£
Fixed assets
Tangible assets: 4 6,934 2,257
Total fixed assets: 6,934 2,257
Current assets
Debtors: 5 17,304 3,932
Cash at bank and in hand: 101,687 82,055
Total current assets: 118,991 85,987
Creditors: amounts falling due within one year: 6 ( 7,192 ) ( 9,847 )
Net current assets (liabilities): 111,799 76,140
Total assets less current liabilities: 118,733 78,397
Creditors: amounts falling due after more than one year: 7 ( 28,513 )
Total net assets (liabilities): 90,220 78,397

The notes form part of these financial statements

Page 6

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Balance sheet continued

As at 31 March 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 0 0
Profit and loss account: 90,120 78,297
Shareholders funds: 90,220 78,397

For the year ending 31 March 2020 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 31 March 2021
And Signed On Behalf Of The Board By:

Name: Chaaban Zeidan
Status: Director

The notes form part of these financial statements

Page 7

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 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

Page 8

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 3 3

Page 9

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 3. Off balance sheet disclosure

    No

Page 10

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible assets

Office equipment Total
Cost £ £
At 01 April 2019 5,353 5,353
Additions 6,411 6,411
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2020 11,764 11,764
Depreciation
At 01 April 2019 3,096 3,096
Charge for year 1,734 1,734
On disposals - -
Other adjustments - -
At 31 March 2020 4,830 4,830
Net book value
At 31 March 2020 6,934 6,934
At 31 March 2019 2,257 2,257

Page 11

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors


2020
£
2019
£
Trade debtors 12,493 1,375
Prepayments and accrued income 2,735 2,557
Other debtors 2,076
Total 17,304 3,932

Page 12

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6.Creditors: amounts falling due within one year note


2020
£
2019
£
Trade creditors 2,516 2,361
Taxation and social security 3,768 3,131
Accruals and deferred income 908 4,355
Other creditors 0
Total 7,192 9,847

Page 13

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

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


2020
£
2019
£
Bank loans and overdrafts 28,513
Total 28,513

Page 14

ZEIDAN OPHTHALMIC OPTICIANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

8. Revaluation reserve


2020
£
Balance at 01 April 2019 0
Surplus or deficit after revaluation 0
Balance at 31 March 2020 0

Page 15