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REGISTERED NUMBER: SC251476 (Scotland)















FINANCIAL STATEMENTS

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

FOR

HMD OPTICIANS (TURRIFF) LIMITED

HMD OPTICIANS (TURRIFF) LIMITED (REGISTERED NUMBER: SC251476)






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 (TURRIFF) LIMITED

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







DIRECTORS: A J MacDonald
J J Hughes
A D Mcleod





REGISTERED OFFICE: Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY





REGISTERED NUMBER: SC251476 (Scotland)





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

HMD OPTICIANS (TURRIFF) LIMITED (REGISTERED NUMBER: SC251476)

STATEMENT OF FINANCIAL POSITION
28TH OCTOBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,369 44,888

CURRENT ASSETS
Stocks 27,378 26,106
Debtors 5 9,274 2,940
Cash at bank and in hand 29,044 23,954
65,696 53,000
CREDITORS
Amounts falling due within one year 6 68,990 83,197
NET CURRENT LIABILITIES (3,294 ) (30,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,075

14,691

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 7 37,075 11,691
SHAREHOLDERS' FUNDS 40,075 14,691

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 (TURRIFF) LIMITED (REGISTERED NUMBER: SC251476)

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 25th May 2025 and were signed on its behalf by:




A J MacDonald - Director



J J Hughes - Director


HMD OPTICIANS (TURRIFF) LIMITED (REGISTERED NUMBER: SC251476)

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

1. STATUTORY INFORMATION

Hmd Opticians (Turriff) 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.

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 - 2% on cost
Plant and machinery - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

HMD OPTICIANS (TURRIFF) LIMITED (REGISTERED NUMBER: SC251476)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st April 2024
and 28th October 2024 76,001 8,964 84,965
DEPRECIATION
At 1st April 2024 31,113 8,964 40,077
Charge for period 1,519 - 1,519
At 28th October 2024 32,632 8,964 41,596
NET BOOK VALUE
At 28th October 2024 43,369 - 43,369
At 31st March 2024 44,888 - 44,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 3,303 500
VAT 5,971 2,440
9,274 2,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Inter company balances 28,019 49,180
Trade creditors 12,368 16,335
Tax 25,629 14,662
Social security and other taxes 1,120 1,166
Directors' current accounts 606 606
Accrued expenses 1,248 1,248
68,990 83,197

7. RESERVES
Retained
earnings
£   

At 1st April 2024 11,691
Profit for the period 31,384
Dividends (6,000 )
At 28th October 2024 37,075

8. ULTIMATE CONTROLLING PARTY

The controlling party is HMD (Scotland) Ltd.