REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022 |
FOR |
OPHTHALMIC ASSOCIATES DERBY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022 |
FOR |
OPHTHALMIC ASSOCIATES DERBY LIMITED |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
OPHTHALMIC ASSOCIATES DERBY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
36 - 40 Doncaster Road |
Barnsley |
South Yorkshire |
S70 1TL |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
BALANCE SHEET |
30TH APRIL 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
BALANCE SHEET - continued |
30TH APRIL 2022 |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2022 |
1. | STATUTORY INFORMATION |
Ophthalmic Associates Derby Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Motor vehicles | - |
Computer equipment | - |
The company maintains a continuing programme of repairs to, and renewals of, its freehold property. The director considers that, for the foreseeable future, any depreciation charge will be of immaterial value and a depreciation rate of 0% is therefore considered appropriate. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2022 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Motor | Computer |
property | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st May 2021 |
and 30th April 2022 |
DEPRECIATION |
At 1st May 2021 |
Charge for year |
At 30th April 2022 |
NET BOOK VALUE |
At 30th April 2022 |
At 30th April 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
Social security & other taxes | 122 | - |
Directors' current accounts | - | 190,785 |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Tax |
Social security and other taxes |
Directors' current accounts | 368,001 | - |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
2022 | 2021 |
£ | £ |
Deferred tax | 5,877 | 7,455 |
Deferred |
tax |
£ |
Balance at 1st May 2021 |
Provided during year | ( |
) |
Balance at 30th April 2022 |
OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2022 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary 'A' | £1 | 51 | 51 |
Ordinary 'B' | £1 | 34 | 34 |
Ordinary 'C' | £1 | 15 | 15 |
100 | 100 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30th April 2022 and 30th April 2021: |
2022 | 2021 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
10. | RELATED PARTY DISCLOSURES |
The company was owed £1,456,437 (2021: £362,072) from Cross Close Developments Ltd, of which Mr P Puri is also a director, at the balance sheet date from inter company lending. This amount is repayable on demand. |
11. | ULTIMATE CONTROLLING PARTY |
Mr Puri, director, together with close members of his family hold 100% of the share capital. |