REGISTERED NUMBER: 05061720 (England and Wales)

OPTOMETRIX LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Shah

SECRETARY:

Ms R Shah

REGISTERED OFFICE:

2nd Floor

1 Bell Street

London

NW1 5BY

REGISTERED NUMBER:

05061720 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

61,526

69,697

CURRENT ASSETS

Stocks

5

22,430

18,176

Debtors

6

89,105

83,760

Cash at bank

606,203

589,439

717,738

691,375

CREDITORS

Amounts falling due within one year

7

(105,450

)

(110,488

)

NET CURRENT ASSETS

612,288

580,887

TOTAL ASSETS LESS CURRENT LIABILITIES

673,814

650,584

CREDITORS

Amounts falling due after more than one year

8

-

(8,296

)

NET ASSETS

673,814

642,288

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

673,714

642,188

SHAREHOLDERS' FUNDS

673,814

642,288

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 director acknowledges his 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 director and authorised for issue on 12 September 2025 and were signed by:

M Shah - Director

1.	STATUTORY INFORMATION

Optometrix Ltd 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% 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.

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.

Leased assets and obligations

Where assets are financed by leasing agreements that give rights approximating to ownership ("finance leases"), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as obligations to the lessor.

Lease payments are treated as consisting of capital and interest elements, and the interest is charged to the profit and loss account in proportion to the remaining balance outstanding.

All other leases are "operating leases" and the annual rentals are charged to profit and loss on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

56,329

139,302

40,300

235,931

Additions

-

4,583

-

4,583

At 31 December 2024

56,329

143,885

40,300

240,514

DEPRECIATION

At 1 January 2024

48,000

110,174

8,060

166,234

Charge for year

1,249

5,057

6,448

12,754

At 31 December 2024

49,249

115,231

14,508

178,988

NET BOOK VALUE

At 31 December 2024

7,080

28,654

25,792

61,526

At 31 December 2023

8,329

29,128

32,240

69,697

5.

STOCKS

2024

2023

£

£

Stocks

22,430

18,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,764

-

Other debtors

83,650

79,687

VAT

3,691

4,073

89,105

83,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,294

6,287

Trade creditors

12,539

13,581

Tax

9,191

8,847

Social security and other taxes

12,035

15,165

Other creditors

63,260

64,477

Directors' loan accounts

2,131

2,131

105,450

110,488

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

-

8,296

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

6,294

14,583