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REGISTERED NUMBER: 02140095 (England and Wales)















Eyetech Engineering Limited

Unaudited Financial Statements

for the period

1 August 2023 to 31 January 2025






Eyetech Engineering Limited (Registered number: 02140095)

Contents of the Financial Statements
for the period 1 August 2023 to 31 January 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


Eyetech Engineering Limited (Registered number: 02140095)

Balance Sheet
31 January 2025

2025 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 117,271 147,831

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 47,018 116,216
Cash at bank and in hand 1,000 1,033
51,018 120,249
CREDITORS
Amounts falling due within one year 6 (89,464 ) (124,155 )
NET CURRENT LIABILITIES (38,446 ) (3,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 78,825 143,925

CREDITORS
Amounts falling due after more than one year 7 (11,665 ) (26,666 )

PROVISIONS FOR LIABILITIES (21,911 ) (22,274 )
NET ASSETS 45,249 94,985

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Share premium 35,000 35,000
Retained earnings 249 49,985
SHAREHOLDERS' FUNDS 45,249 94,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




M Hammond - Director



Mrs L A Young - Director


Eyetech Engineering Limited (Registered number: 02140095)

Notes to the Financial Statements
for the period 1 August 2023 to 31 January 2025


1. STATUTORY INFORMATION

Eyetech Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02140095

Registered office: TC Group
8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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.

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.

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.

Eyetech Engineering Limited (Registered number: 02140095)

Notes to the Financial Statements - continued
for the period 1 August 2023 to 31 January 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 51,795 617,325 59,649 45,790 774,559
Additions - 440 - - 440
At 31 January 2025 51,795 617,765 59,649 45,790 774,999
DEPRECIATION
At 1 August 2023 27,604 516,648 49,885 32,591 626,728
Charge for period 1,553 21,553 3,357 4,537 31,000
At 31 January 2025 29,157 538,201 53,242 37,128 657,728
NET BOOK VALUE
At 31 January 2025 22,638 79,564 6,407 8,662 117,271
At 31 July 2023 24,191 100,677 9,764 13,199 147,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors 40,558 116,216
Other debtors 6,460 -
47,018 116,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts 10,095 28,905
Trade creditors 12,822 11,754
Taxation and social security 37,932 52,784
Other creditors 28,615 30,712
89,464 124,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2023
£    £   
Other creditors 11,665 26,666

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2023
value: £    £   
3,334 Ordinary A Shares £1 3,334 3,334
3,333 Ordinary B Shares £1 3,333 3,333
3,333 Ordinary C Shares £1 3,333 3,333
10,000 10,000

Eyetech Engineering Limited (Registered number: 02140095)

Notes to the Financial Statements - continued
for the period 1 August 2023 to 31 January 2025


9. RELATED PARTY DISCLOSURES

At the year end the company owed Mrs L Young, the director £12,115 (2023: £14,803) in relation to an interest free loan with no set repayment terms.

At the year end the company owed Mr M Hammond, the director £563 (2023: £2,991) in relation to an interest free loan with no set repayment terms.