Company Registration No. 06918202 (England and Wales)
A.M.S Ophthalmic Opticians (W.P.) Limited
Unaudited accounts
for the year ended 31 October 2022
A.M.S Ophthalmic Opticians (W.P.) Limited
Unaudited accounts
Contents
A.M.S Ophthalmic Opticians (W.P.) Limited
Company Information
for the year ended 31 October 2022
Company Number
06918202 (England and Wales)
Registered Office
MILTON & COMPANY
2 PAUL GARDENS
CROYDON
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
A.M.S Ophthalmic Opticians (W.P.) Limited
Statement of financial position
as at 31 October 2022
Intangible assets
19,000
19,000
Cash at bank and in hand
77,447
90,015
Creditors: amounts falling due within one year
(42,152)
(36,251)
Net current assets
48,080
66,884
Called up share capital
2
2
Profit and loss account
67,608
86,589
Shareholders' funds
67,610
86,591
For the year ending 31 October 2022 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 December 2022 and were signed on its behalf by
A M Savvides
Director
Company Registration No. 06918202
A.M.S Ophthalmic Opticians (W.P.) Limited
Notes to the Accounts
for the year ended 31 October 2022
A.M.S Ophthalmic Opticians (W.P.) Limited is a private company, limited by shares, registered in England and Wales, registration number 06918202. The registered office is MILTON & COMPANY, 2 PAUL GARDENS, CROYDON, CR0 5QL. The principal place of business is 56/58 Central Parade, Worcester Park, Surrey, KT4 2HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The principal activity of the Company is that of Ophthalmic Opticians.
The Director recommends the payment of a Dividend of £20,000 (2021 - £20,000)
A.M.S Ophthalmic Opticians (W.P.) Limited
Notes to the Accounts
for the year ended 31 October 2022
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
If the going concern basis was not appropriate, adjustments would have been made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
30,651
24,437
Taxes and social security
5,461
5,774
A.M.S Ophthalmic Opticians (W.P.) Limited
Notes to the Accounts
for the year ended 31 October 2022
Allotted, called up and fully paid:
1 Ordinary shares - A Savvides of £1 each
1
1
1 Ordinary shares - S Savvides (Mrs) of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
