Registration number:
Solent Spectacles Limited
for the Period from 31 March 2021 to 31 March 2022
Solent Spectacles Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Solent Spectacles Limited
Company Information
Director |
Miss Laura Jean Neilson |
Registered office |
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Accountants |
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Solent Spectacles Limited
(Registration number: 13306084)
Balance Sheet as at 31 March 2022
Note |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
35,706 |
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Shareholders' funds |
35,806 |
For the financial period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Directors' Report and Profit and Loss Account.
Approved and authorised by the
Miss Laura Jean Neilson
Director
Solent Spectacles Limited
Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
58-60 Commercial Road
Totton
Southampton
Hampshire
SO40 3AG
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sales of goods and services to customers.
Revenue is recognised to the extent that the company obtains the right to consideration for its' performance.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Solent Spectacles Limited
Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% Straight line basis |
Fixtures and fitting |
25% Straight line basis |
Leasehold property |
Straight line over period of lease |
Stocks
Stocks are stated at the lower of cost and estimated selling price.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Solent Spectacles Limited
Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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Disposals |
- |
( |
( |
At 31 March 2022 |
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Depreciation |
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Charge for the period |
- |
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At 31 March 2022 |
- |
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Carrying amount |
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At 31 March 2022 |
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Included within the net book value of land and buildings above is £13,217 in respect of short leasehold land and buildings.
Debtors |
2022 |
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Prepayments |
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Other debtors |
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Solent Spectacles Limited
Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022
Creditors |
Creditors: amounts falling due within one year
2022 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Related party transactions |
The loan to the director is unsecured , interest free and repayable on demand.
Transactions with the director |
2022 |
At 31 March 2021 |
Advances to director |
Repayments by director |
At 31 March 2022 |
Miss Laura Jean Neilson |
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Directors loan account movements |
- |
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( |
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