REGISTERED NUMBER: 06046519 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FERNANDES OPTOMETRISTS (NAILSEA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M J Fernandes

L E Fernandes

SECRETARY:

L E Fernandes

REGISTERED OFFICE:

6 Windsor Road

St. Andrews

Bristol

BS6 5BP

REGISTERED NUMBER:

06046519 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

401,567

272,318

401,567

272,318

CURRENT ASSETS

Stocks

47,065

32,667

Debtors

6

274,148

211,810

Cash at bank and in hand

81,419

91,852

402,632

336,329

CREDITORS

Amounts falling due within one year

7

304,364

283,116

NET CURRENT ASSETS

98,268

53,213

TOTAL ASSETS LESS CURRENT LIABILITIES

499,835

325,531

CREDITORS

Amounts falling due after more than one year

8

(261,799

)

(74,131

)

PROVISIONS FOR LIABILITIES

(34,873

)

(78,698

)

NET ASSETS

203,163

172,702

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

203,063

172,602

SHAREHOLDERS' FUNDS

203,163

172,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 September 2025 and were signed on its behalf by:

G M J Fernandes - Director

L E Fernandes - Director

1.	STATUTORY INFORMATION

Fernandes Optometrists (Nailsea) 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 paid in connection with the acquisition of businesses in 2007, 2011 and 2014 has all been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Straight line over the life of the lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 29 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

490,668

AMORTISATION

At 1 February 2024

and 31 January 2025

490,668

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 February 2024

1

99,029

281,051

Additions

-

125,802

68,775

At 31 January 2025

1

224,831

349,826

DEPRECIATION

At 1 February 2024

-

99,029

161,922

Charge for year

-

3,026

34,999

At 31 January 2025

-

102,055

196,921

NET BOOK VALUE

At 31 January 2025

1

122,776

152,905

At 31 January 2024

1

-

119,129

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

314,764

49,829

39,948

784,622

Additions

7,600

-

2,240

204,417

At 31 January 2025

322,364

49,829

42,188

989,039

DEPRECIATION

At 1 February 2024

199,032

20,034

32,287

512,304

Charge for year

24,667

7,449

5,027

75,168

At 31 January 2025

223,699

27,483

37,314

587,472

NET BOOK VALUE

At 31 January 2025

98,665

22,346

4,874

401,567

At 31 January 2024

115,732

29,795

7,661

272,318

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

86,337

49,829

136,166

DEPRECIATION

At 1 February 2024

17,267

20,034

37,301

Charge for year

13,814

7,449

21,263

At 31 January 2025

31,081

27,483

58,564

NET BOOK VALUE

At 31 January 2025

55,256

22,346

77,602

At 31 January 2024

69,070

29,795

98,865

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

37,678

6,898

Amounts owed by group undertakings

206,760

196,946

Other debtors

29,710

7,966

274,148

211,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,419

25,162

Hire purchase contracts and finance leases (see note 9)

54,398

24,678

Trade creditors

105,129

138,927

Taxation and social security

47,480

62,967

Other creditors

86,938

31,382

304,364

283,116

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

3,531

32,120

Hire purchase contracts and finance leases (see note 9)

7,903

42,011

Other Loans

250,365

-

261,799

74,131

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.1.25

31.1.24

31.1.25

31.1.24

£

£

£

£

Net obligations repayable:

Within one year

29,289

16,812

25,109

7,866

Between one and five years

7,903

16,902

-

25,109

37,192

33,714

25,109

32,975

Non-cancellable

operating leases

31.1.25

31.1.24

£

£

Within one year

12,771

12,771

Between one and five years

25,542

38,313

38,313

51,084

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Other loans

309,151

-

Hire purchase contracts and finance leases

62,301

66,689

371,452

66,689

Other loans are secured with fixed and floating charges over the directors' assets.

Finance leases are secured on the asset to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.