Registration number: 06655700

Roberts Eyecare Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Roberts Eyecare Limited

(Registration number: 06655700)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	88,477	99,875
Tangible assets	5	71,738	101,076
		160,215	200,951
Current assets
Stocks	6	11,000	11,000
Debtors	7	155,011	191,758
Cash at bank and in hand		468,968	431,993
		634,979	634,751
Creditors: Amounts falling due within one year	8	(290,349)	(321,042)
Net current assets		344,630	313,709
Total assets less current liabilities		504,845	514,660
Creditors: Amounts falling due after more than one year	8	(19,744)	(38,912)
Provisions for liabilities		(17,934)	(25,269)
Net assets		467,167	450,479
Capital and reserves
Called up share capital		100	100
Retained earnings		467,067	450,379
Shareholders' funds		467,167	450,479

Roberts Eyecare Limited

(Registration number: 06655700)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 April 2025
 

......................................... Mrs E Roberts Director

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Boots Opticians
Holtspur Way
Eldon Square
Newcastle Upon Tyne
NE1 7XE

These financial statements were authorised for issue by the director on 4 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Straight line
Office equipment	20% Straight line and 33% Straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Franchise fee	10% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2023 - 19).

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Intangible assets

	Franchise Fee  £	Total £
Cost or valuation
At 1 October 2023	317,500	317,500
Additions acquired separately	391	391
At 30 September 2024	317,891	317,891
Amortisation
At 1 October 2023	217,625	217,625
Amortisation charge	11,789	11,789
At 30 September 2024	229,414	229,414
Carrying amount
At 30 September 2024	88,477	88,477
At 30 September 2023	99,875	99,875

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	74,079	49,588	47,550	171,217
At 30 September 2024	74,079	49,588	47,550	171,217
Depreciation
At 1 October 2023	26,970	9,918	33,253	70,141
Charge for the year	6,128	9,917	13,293	29,338
At 30 September 2024	33,098	19,835	46,546	99,479
Carrying amount
At 30 September 2024	40,981	29,753	1,004	71,738
At 30 September 2023	47,109	39,670	14,297	101,076

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Stocks

	2024 £	2023 £
Finished goods and goods for resale	11,000	11,000

7

Debtors

Current	2024 £	2023 £
Trade debtors	17,470	48,567
Prepayments	37,832	45,991
Other debtors	99,709	97,200
	155,011	191,758

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	20,903	20,436
Trade creditors		153,259	115,797
Taxation and social security		48,007	36,622
Accruals and deferred income		57,173	138,874
Other creditors		11,007	9,313
		290,349	321,042

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £20,903 (2023 - £20,436).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	19,744	38,912

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £19,744 (2023 - £38,912).

A debenture has been lodged at Companies House, in favour of Natwest bank, with fixed and floating charges over all assets, dated 26th August 2008.

Roberts Eyecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	19,744	38,912

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	20,881	20,436
Bank overdrafts	22	-
	20,903	20,436