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REGISTERED NUMBER: SC547064 (Scotland)












Financial Statements

for the Period

1 April 2024 to 28 February 2025

for

Eye Bryce Ltd

Eye Bryce Ltd (Registered number: SC547064)






Contents of the Financial Statements
for the Period 1 April 2024 to 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eye Bryce Ltd

Company Information
for the Period 1 April 2024 to 28 February 2025







DIRECTORS: Mrs L Bryce
Dr I G Bryce





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
Glasgow
ML1 1XA





REGISTERED NUMBER: SC547064 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Eye Bryce Ltd (Registered number: SC547064)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 - 26,390

CURRENT ASSETS
Debtors 4 11,347 20,237
Cash at bank 1,247,956 1,044,564
1,259,303 1,064,801
CREDITORS
Amounts falling due within one year 5 66,405 41,867
NET CURRENT ASSETS 1,192,898 1,022,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,898

1,049,324

PROVISIONS FOR LIABILITIES 6 - 6,597
NET ASSETS 1,192,898 1,042,727

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,192,896 1,042,725
SHAREHOLDERS' FUNDS 1,192,898 1,042,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

Eye Bryce Ltd (Registered number: SC547064)

Balance Sheet - continued
28 February 2025


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 14 April 2025 and were signed on its behalf by:





Dr I G Bryce - Director


Eye Bryce Ltd (Registered number: SC547064)

Notes to the Financial Statements
for the Period 1 April 2024 to 28 February 2025

1. 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.

Break-up Basis
The company ceased trading on 28 February 2025 and the directors intend to liquidate the company. Therefore, the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.

Revenue
Revenue represents the services provided by private consultancy work as Ophthalmologist & Ophalmic Surgeon, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Eye Bryce Ltd (Registered number: SC547064)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 28 February 2025

1. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

3. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 50,490 3,487 53,977
Additions - 1,018 1,018
Disposals (50,490 ) (4,505 ) (54,995 )
At 28 February 2025 - - -
DEPRECIATION
At 1 April 2024 25,639 1,948 27,587
Charge for period 6,213 1,117 7,330
Eliminated on disposal (31,852 ) (3,065 ) (34,917 )
At 28 February 2025 - - -
NET BOOK VALUE
At 28 February 2025 - - -
At 31 March 2024 24,851 1,539 26,390

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 11,280 20,237
Other debtors 67 -
11,347 20,237

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 56,971 22,914
Other creditors 9,434 18,953
66,405 41,867

Eye Bryce Ltd (Registered number: SC547064)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 28 February 2025

6. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax - 6,597

Deferred
tax
£   
Balance at 1 April 2024 6,597
Movement in the year (6,597 )
Balance at 28 February 2025 -

7. CALLED UP SHARE CAPITAL

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