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REGISTERED NUMBER: SC482853 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Eyeworks Opticians Limited

Eyeworks Opticians Limited (Registered number: SC482853)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eyeworks Opticians Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs Jenny-lee Kelly
Philip Kelly





REGISTERED OFFICE: 5 Rosegarth Drive
Newton Mearns
Glasgow
G77 6WF





REGISTERED NUMBER: SC482853 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Eyeworks Opticians Limited (Registered number: SC482853)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,690 31,402
Tangible assets 5 99,710 112,986
108,400 144,388

CURRENT ASSETS
Stock 8,450 8,650
Debtors 6 23,372 27,127
Cash at bank 28,400 41,883
60,222 77,660
CREDITORS
Amounts falling due within one year 7 23,853 28,468
NET CURRENT ASSETS 36,369 49,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,769

193,580

CREDITORS
Amounts falling due after more than one
year

8

(142,583

)

(189,391

)

PROVISIONS FOR LIABILITIES 9 (8,655 ) (9,122 )
NET LIABILITIES (6,469 ) (4,933 )

Eyeworks Opticians Limited (Registered number: SC482853)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (6,471 ) (4,935 )
SHAREHOLDERS' FUNDS (6,469 ) (4,933 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





Mrs Jenny-lee Kelly - Director


Eyeworks Opticians Limited (Registered number: SC482853)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Eyeworks Opticians Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014 and 2016, is being amortised evenly over its useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Fittings and equipment - 10% on cost
Motor vehicles - 20% on reducing balance

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Eyeworks Opticians Limited (Registered number: SC482853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

Eyeworks Opticians Limited (Registered number: SC482853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 227,117
AMORTISATION
At 1 April 2024 195,715
Amortisation for year 22,712
At 31 March 2025 218,427
NET BOOK VALUE
At 31 March 2025 8,690
At 31 March 2024 31,402

5. TANGIBLE FIXED ASSETS
Improvements Fittings
Heritable to and Motor
property property equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024
and 31 March 2025 66,857 13,538 51,897 49,080 181,372
DEPRECIATION
At 1 April 2024 11,361 4,062 35,294 17,669 68,386
Charge for year 1,337 1,354 4,303 6,282 13,276
At 31 March 2025 12,698 5,416 39,597 23,951 81,662
NET BOOK VALUE
At 31 March 2025 54,159 8,122 12,300 25,129 99,710
At 31 March 2024 55,496 9,476 16,603 31,411 112,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 23,040 26,983
Other debtors 332 144
23,372 27,127

Eyeworks Opticians Limited (Registered number: SC482853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 455 -
Taxation and social security 9,972 15,081
Other creditors 3,426 3,387
23,853 28,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 9,998 19,998
Other creditors 132,585 169,393
142,583 189,391

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 8,655 9,122

Deferred
tax
£   
Balance at 1 April 2024 9,122
Provided during year (467 )
Balance at 31 March 2025 8,655

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2