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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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Carter & Harding Opticians Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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Carter & Harding Opticians Ltd |
Carter & Harding Opticians Ltd (Registered number: 07648578) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Carter & Harding Opticians Ltd |
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Company Information |
for the Year Ended 31 March 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The White House |
162 Hucclecote Road |
Hucclecote |
Gloucester |
Gloucestershire |
GL3 3SH |
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BANKERS: |
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64 Fore Street |
Trowbridge |
BA14 8EU |
Carter & Harding Opticians Ltd (Registered number: 07648578) |
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Statement of Financial Position |
31 March 2022 |
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31/3/22 | 31/3/21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Carter & Harding Opticians Ltd (Registered number: 07648578) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Carter & Harding Opticians Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its remaining estimated useful life of 5 years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Government grants |
Government grants are recognised based on the accrual model and are measured at the fair value of the amount receivable. Grants relating to revenue are recognised in income over the period in which the income is receivable. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Carter & Harding Opticians Ltd (Registered number: 07648578) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
At 1 April 2021 |
and 31 March 2022 |
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Amortisation |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2021 |
and 31 March 2022 |
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Depreciation |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/22 | 31/3/21 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/22 | 31/3/21 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Carter & Harding Opticians Ltd (Registered number: 07648578) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/3/22 | 31/3/21 |
£ | £ |
Within one year |
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9. | TRANSACTIONS WITH DIRECTORS |
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The following loans to a director subsisted during the years ended 31 March 2022 and 31 March 2021: |
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31/3/22 | 31/3/21 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest was charged on the prior year director's loan balance at the HM Revenue and Customs official rate of 2.25%. Interest totalling £227 was charged during the 2021 year. The loan had no fixed repayment terms. |
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10. | RELATED PARTY DISCLOSURES |
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L A Kerton |
Director |
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The director, L A Kerton, has loaned funds to the company. At 31 March 2022, £9,743 remains outstanding (2021 - £66,068). |
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This loan, included within other creditors, is interest free and has no formal repayment terms. |