Registered number
06823975
D W Harrison Eyecare Limited
Filleted Accounts
30 April 2025
D W Harrison Eyecare Limited
Registered number: 06823975
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 29,165 47,000
Tangible assets 4 142,507 100,747
171,672 147,747
Current assets
Stocks 65,661 66,438
Debtors 5 39,186 159,417
Cash at bank and in hand 54,416 64,183
159,263 290,038
Creditors: amounts falling due within one year 6 (114,645) (188,178)
Net current assets 44,618 101,860
Total assets less current liabilities 216,290 249,607
Creditors: amounts falling due after more than one year 7 (50,868) (67,610)
Provisions for liabilities (24,522) (13,797)
Net assets 140,900 168,200
Capital and reserves
Called up share capital 100 100
Profit and loss account 140,800 168,100
Shareholders' funds 140,900 168,200
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Measuria
Director
Approved by the board on 25 August 2025
D W Harrison Eyecare Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation
Computer equipment 33% straight line
Plant and machinery 25% straight line
Furniture & fixtures 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 10 12
3 Intangible fixed assets £
Goodwill and Patents & licences:
Cost
At 1 May 2024 416,421
Disposals (2)
At 30 April 2025 416,419
Amortisation
At 1 May 2024 369,421
Provided during the year 17,833
At 30 April 2025 387,254
Net book value
At 30 April 2025 29,165
At 30 April 2024 47,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years and no amortisation on Patents & licences.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2024 45,560 338,937 384,497
Additions 67,194 - 67,194
At 30 April 2025 112,754 338,937 451,691
Depreciation
At 1 May 2024 - 283,750 283,750
Charge for the year 4,138 21,296 25,434
At 30 April 2025 4,138 305,046 309,184
Net book value
At 30 April 2025 108,616 33,891 142,507
At 30 April 2024 45,560 55,187 100,747
5 Debtors 2025 2024
£ £
Amounts owed by related parties 30,315 103,309
Other debtors 8,871 56,108
39,186 159,417
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 13,439 16,592
Obligations under finance lease and hire purchase contracts 5,826 5,339
Trade creditors 70,728 131,059
Taxation and social security costs 4,114 30,493
Other creditors 20,538 4,695
114,645 188,178
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 38,173 48,460
Obligations under finance lease and hire purchase contracts 12,695 19,150
50,868 67,610
8 Related party transactions
DW Harrison Eyecare Ltd is a wholly owned subsidiary of The Eyecare Group Limited, a holding company incorporated in England and Wales. The parent company holds 100% of the ordinary share capital of the company.
At the year end, an amount of £30,315 was due from the parent company, included in debtors. The balance is unsecured, interest-free, and repayable on demand.
The company is also under common control with Glass and Glass Optometrist Limited and Alaina Homes Limited, which is owned by the same director. No transactions occurred between the companies during the year, and no balances were outstanding at the year end.
9 Other information
D W Harrison Eyecare Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Wenlock Road
London
England
N1 7GU
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