REGISTERED NUMBER: 08395574 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COMAR OPTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Marsh

M Hynd

D Donald

REGISTERED OFFICE:

The Ridge

Iceni Way

HAVERHILL

Suffolk

CB9 7FD

REGISTERED NUMBER:

08395574 (England and Wales)

AUDITORS:

Staffords

Chartered Accountants

& Statutory Auditors

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

FIXED ASSETS

Intangible assets

4

981,750

1,097,250

Tangible assets

5

147,635

258,407

1,129,385

1,355,657

CURRENT ASSETS

Stocks

1,757,965

2,201,216

Debtors

6

1,138,276

7,790,182

Cash at bank

373,546

660,765

3,269,787

10,652,163

CREDITORS

Amounts falling due within one year

7

480,773

375,694

NET CURRENT ASSETS

2,789,014

10,276,469

TOTAL ASSETS LESS CURRENT LIABILITIES

3,918,399

11,632,126

PROVISIONS FOR LIABILITIES

9

36,909

64,602

NET ASSETS

3,881,490

11,567,524

CAPITAL AND RESERVES

Called up share capital

10

1,540,001

1

Retained earnings

2,341,489

11,567,523

SHAREHOLDERS' FUNDS

3,881,490

11,567,524

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

P J Marsh - Director

1.	STATUTORY INFORMATION

Comar Optics Limited is a private company, limited by shares , registered in England and Wales. 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 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

at varying rates 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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 22 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

2,310,000

AMORTISATION

At 1 January 2024

1,212,750

Amortisation for year

115,500

At 31 December 2024

1,328,250

NET BOOK VALUE

At 31 December 2024

981,750

At 31 December 2023

1,097,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

345,580

Disposals

(104,573

)

At 31 December 2024

241,007

DEPRECIATION

At 1 January 2024

87,173

Charge for year

56,605

Eliminated on disposal

(50,406

)

At 31 December 2024

93,372

NET BOOK VALUE

At 31 December 2024

147,635

At 31 December 2023

258,407

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

731,465

991,218

Amounts owed by group undertakings

813

6,518,018

Other debtors

405,998

280,946

1,138,276

7,790,182

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

69,229

78,249

Amounts owed to group undertakings

1,831

-

Taxation and social security

298,485

178,488

Other creditors

111,228

118,957

480,773

375,694

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

441,839

441,839

Between one and five years

773,218

846,858

1,215,057

1,288,697

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

36,909

64,602

Deferred

tax

£

Balance at 1 January 2024

64,602

Provided during year

(27,693

)

Balance at 31 December 2024

36,909

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,540,001

Ordinary

£1

1,540,001

1

1,540,000 Ordinary shares of £1 were issued during the year for cash of £ 1,540,000 .

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Pettifer FCA (Senior Statutory Auditor)

for and on behalf of Staffords

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

Comar Optics Limited is a subsidiary of Comar Investments Limited, registered office at The Ridge, Iceni Way, Haverhill, into whose accounts it is consolidated.

There is no ultimate controlling party.