IRIS Accounts Production v25.1.4.42 SC164751 Board of Directors Board of Directors 1.4.24 28.10.24 28.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1647512024-03-31SC1647512024-10-28SC1647512024-04-012024-10-28SC1647512023-03-31SC1647512023-04-012024-03-31SC1647512024-03-31SC164751ns15:Scotland2024-04-012024-10-28SC164751ns14:PoundSterling2024-04-012024-10-28SC164751ns10:Director12024-04-012024-10-28SC164751ns10:Director22024-04-012024-10-28SC164751ns10:PrivateLimitedCompanyLtd2024-04-012024-10-28SC164751ns10:SmallEntities2024-04-012024-10-28SC164751ns10:AuditExempt-NoAccountantsReport2024-04-012024-10-28SC164751ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012024-10-28SC164751ns10:SmallCompaniesRegimeForAccounts2024-04-012024-10-28SC164751ns10:FullAccounts2024-04-012024-10-28SC16475112024-04-012024-10-28SC164751ns10:Director32024-04-012024-10-28SC164751ns10:RegisteredOffice2024-04-012024-10-28SC164751ns5:CurrentFinancialInstruments2024-10-28SC164751ns5:CurrentFinancialInstruments2024-03-31SC164751ns5:ShareCapital2024-10-28SC164751ns5:ShareCapital2024-03-31SC164751ns5:RetainedEarningsAccumulatedLosses2024-10-28SC164751ns5:RetainedEarningsAccumulatedLosses2024-03-31SC164751ns5:NetGoodwill2024-04-012024-10-28SC164751ns5:IntangibleAssetsOtherThanGoodwill2024-04-012024-10-28SC164751ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-04-012024-10-28SC164751ns5:PlantMachinery2024-04-012024-10-28SC164751ns5:NetGoodwill2024-03-31SC164751ns5:NetGoodwill2024-10-28SC164751ns5:NetGoodwill2024-03-31SC164751ns5:LandBuildings2024-03-31SC164751ns5:PlantMachinery2024-03-31SC164751ns5:LandBuildings2024-10-28SC164751ns5:PlantMachinery2024-10-28SC164751ns5:LandBuildings2024-03-31SC164751ns5:PlantMachinery2024-03-31SC164751ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-28SC164751ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC164751ns5:RetainedEarningsAccumulatedLosses2024-03-31SC164751ns5:RetainedEarningsAccumulatedLosses2024-04-012024-10-28
REGISTERED NUMBER: SC164751 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024

FOR

HMD OPTICIANS LIMITED

HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HMD OPTICIANS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024







DIRECTORS: J J Hughes
A J MacDonald
A D Mcleod





REGISTERED OFFICE: 2 Drummers Corner
Peterhead
Aberdeenshire
AB42 1ZP





REGISTERED NUMBER: SC164751 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)

STATEMENT OF FINANCIAL POSITION
28TH OCTOBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,639 9,267
Tangible assets 5 - -
4,639 9,267

CURRENT ASSETS
Stocks 34,722 36,091
Debtors 6 223,151 214,915
Cash at bank and in hand 60,660 81,180
318,533 332,186
CREDITORS
Amounts falling due within one year 7 125,635 119,431
NET CURRENT ASSETS 192,898 212,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,537

222,022

CAPITAL AND RESERVES
Called up share capital 219,003 219,003
Retained earnings 8 (21,466 ) 3,019
SHAREHOLDERS' FUNDS 197,537 222,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th October 2024 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.

HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)

STATEMENT OF FINANCIAL POSITION - continued
28TH OCTOBER 2024


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 26th May 2025 and were signed on its behalf by:




J J Hughes - Director



A D Mcleod - Director


HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024

1. STATUTORY INFORMATION

Hmd 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.

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 2001, is being amortised evenly over its estimated useful life of twenty five 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 - 4% on cost
Plant and machinery - 20% on cost

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 statement of financial position date.

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 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.

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.

HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 28th October 2024 115,712
AMORTISATION
At 1st April 2024 106,445
Charge for period 4,628
At 28th October 2024 111,073
NET BOOK VALUE
At 28th October 2024 4,639
At 31st March 2024 9,267

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st April 2024
and 28th October 2024 129,146 63,521 192,667
DEPRECIATION
At 1st April 2024
and 28th October 2024 129,146 63,521 192,667
NET BOOK VALUE
At 28th October 2024 - - -
At 31st March 2024 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 8,193 303
Inter company loans 208,429 213,661
VAT 6,529 951
223,151 214,915

HMD OPTICIANS LIMITED (REGISTERED NUMBER: SC164751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2024 TO 28TH OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 52,042 67,316
Tax 65,224 44,176
Social security and other taxes 5,229 4,799
Accrued expenses 3,140 3,140
125,635 119,431

8. RESERVES
Retained
earnings
£   

At 1st April 2024 3,019
Profit for the period 58,515
Dividends (83,000 )
At 28th October 2024 (21,466 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is HMD (Scotland) Ltd.