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REGISTERED NUMBER: 06081951 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Sidney Walton Opticians Limited

Sidney Walton Opticians Limited (Registered number: 06081951)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sidney Walton Opticians Limited

Company Information
for the year ended 28 February 2025







DIRECTORS: Mrs K V Doolan
S P Doolan
I Hakim





REGISTERED OFFICE: Unit 317
India Mill Business Centre
Darwen
BB3 1AE





REGISTERED NUMBER: 06081951 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Sidney Walton Opticians Limited (Registered number: 06081951)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 141,228 106,767
141,228 106,767

CURRENT ASSETS
Stocks 12,419 15,000
Debtors 6 38,408 51,216
Cash at bank and in hand 44,700 18,450
95,527 84,666
CREDITORS
Amounts falling due within one year 7 29,464 11,154
NET CURRENT ASSETS 66,063 73,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,291

180,279

PROVISIONS FOR LIABILITIES 14,793 7,058
NET ASSETS 192,498 173,221

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 33,819 -
Retained earnings 158,579 173,121
SHAREHOLDERS' FUNDS 192,498 173,221

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Sidney Walton Opticians Limited (Registered number: 06081951)

Statement of Financial Position - 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 28 May 2025 and were signed on its behalf by:





Mrs K V Doolan - Director


Sidney Walton Opticians Limited (Registered number: 06081951)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

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

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with acquisition of a business is being amortised evenly over its estimated useful life of 10 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.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Freehold property is shown at most recent valuation.

Stocks
Stock is valued at the lower of cost or net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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.

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 statement of financial position date.


Sidney Walton Opticians Limited (Registered number: 06081951)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Government grants
Government grants received in relation to tangible fixed assets, are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed assets. Grants received in respect of revenue expenses are shown as income in the same period as the relevant expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 500
AMORTISATION
At 1 March 2024
and 28 February 2025 500
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

Sidney Walton Opticians Limited (Registered number: 06081951)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 March 2024 69,311 3,336 59,314
Disposals - - (18,747 )
Revaluations 43,164 - -
At 28 February 2025 112,475 3,336 40,567
DEPRECIATION
At 1 March 2024 - - 28,373
Charge for year - - 4,387
Eliminated on disposal - - (16,923 )
At 28 February 2025 - - 15,837
NET BOOK VALUE
At 28 February 2025 112,475 3,336 24,730
At 29 February 2024 69,311 3,336 30,941

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2024 6,959 11,726 150,646
Disposals - (9,559 ) (28,306 )
Revaluations - - 43,164
At 28 February 2025 6,959 2,167 165,504
DEPRECIATION
At 1 March 2024 6,361 9,145 43,879
Charge for year 120 693 5,200
Eliminated on disposal - (7,880 ) (24,803 )
At 28 February 2025 6,481 1,958 24,276
NET BOOK VALUE
At 28 February 2025 478 209 141,228
At 29 February 2024 598 2,581 106,767

Sidney Walton Opticians Limited (Registered number: 06081951)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 February 2025 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2025 43,164 - -
Cost 69,311 3,336 40,567
112,475 3,336 40,567

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2025 - - 43,164
Cost 6,959 2,167 122,340
6,959 2,167 165,504

If Freehold property had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 69,311 69,311

Freehold property were valued on an open market basis on 28 February 2025 by an independent valuer .

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 9,515 5,309
Other debtors 24,460 18,693
33,975 24,002

Amounts falling due after more than one year:
Other debtors 4,433 27,214

Aggregate amounts 38,408 51,216

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 7,734 6,292
Taxation and social security 17,345 437
Other creditors 4,385 4,425
29,464 11,154

Sidney Walton Opticians Limited (Registered number: 06081951)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 3,884 3,884
Between one and five years 2,913 6,798
6,797 10,682

9. RESERVES
Revaluation
reserve
£   
Property Revaluations 43,164
Movement in deferred tax (9,345 )

At 28 February 2025 33,819

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
Mrs K V Doolan
Balance outstanding at start of year 13,640 88,038
Amounts advanced 85,127 66,323
Amounts repaid (76,936 ) (140,721 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,831 13,640