REGISTERED NUMBER: 04322301

Financial Statements

for the Year Ended 31 December 2024

for

EMPORIUM EYEWEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I J Cohen

Mr M Cooperman

REGISTERED OFFICE:

3 Parr Road

Stanmore

HA7 1NP

REGISTERED NUMBER:

04322301

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

89,421

101,358

Investments

5

144,854

2,591,069

234,275

2,692,427

CURRENT ASSETS

Stocks

6

960,890

1,230,521

Debtors

7

1,202,205

1,070,265

Cash at bank and in hand

1,080,127

2,069,340

3,243,222

4,370,126

CREDITORS

Amounts falling due within one year

8

433,028

429,269

NET CURRENT ASSETS

2,810,194

3,940,857

TOTAL ASSETS LESS CURRENT LIABILITIES

3,044,469

6,633,284

PROVISIONS FOR LIABILITIES

9

5,410

7,397

NET ASSETS

3,039,059

6,625,887

CAPITAL AND RESERVES

Called up share capital

10

200

200

Share premium

1,999

-

Retained earnings

3,036,860

6,625,687

SHAREHOLDERS' FUNDS

3,039,059

6,625,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 19 September 2025 and were signed on its behalf by:

Mr M Cooperman - Director

Mr I J Cohen - Director

1.	STATUTORY INFORMATION

Emporium Eyewear Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Long leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

61,557

142,037

41,493

78,124

323,211

Additions

-

-

12,990

3,968

16,958

Disposals

-

-

(12,995

)

-

(12,995

)

At 31 December 2024

61,557

142,037

41,488

82,092

327,174

DEPRECIATION

At 1 January 2024

30,779

112,793

18,074

60,207

221,853

Charge for year

6,156

7,311

5,780

5,389

24,636

Eliminated on disposal

-

-

(8,736

)

-

(8,736

)

At 31 December 2024

36,935

120,104

15,118

65,596

237,753

NET BOOK VALUE

At 31 December 2024

24,622

21,933

26,370

16,496

89,421

At 31 December 2023

30,778

29,244

23,419

17,917

101,358

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2024

2,591,069

Disposals

(2,541,921

)

Revaluations

(3,095

)

Reclassification/transfer

98,801

At 31 December 2024

144,854

NET BOOK VALUE

At 31 December 2024

144,854

At 31 December 2023

2,591,069

Cost or valuation at 31 December 2024 is represented by:

Unlisted

investments

£

Valuation in 2022

8,533

Valuation in 2023

60,562

Valuation in 2024

(3,095

)

Cost

78,854

144,854

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

960,890

1,230,521

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

882,033

842,024

Other debtors

299,820

201,241

Directors' current accounts

5,300

-

Prepayments and accrued income

15,052

27,000

1,202,205

1,070,265

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

121,311

Trade creditors

57,766

15,076

Tax

202,241

260,485

Social security and other taxes

11,824

15,455

VAT

145,782

2,350

Other creditors

86

86

Directors' current accounts

6,301

5,000

Accruals and deferred income

9,028

9,506

433,028

429,269

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

5,410

7,397

Deferred

tax

£

Balance at 1 January 2024

7,397

Utilised during year

(1,987

)

Balance at 31 December 2024

5,410

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

20,000

Ordinary

1p

200

200

3

A Ordinary

1p

-

-

2

B Ordinary

1p

-

-

200

200

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £1,001 (2023: £5,000) to the directors. The amount is interest free & repayable on demand.