REGISTERED NUMBER: 00239599 (England and Wales)

BROWN AND WHITE (OPTICIANS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M F White

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

00239599 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Intangible assets

5

4,900

9,800

Tangible assets

6

274,234

328,843

Investments

7

1,300

1,300

280,434

339,943

CURRENT ASSETS

Stocks

76,779

93,460

Debtors

8

43,691

55,951

Cash at bank

303,278

419,493

423,748

568,904

CREDITORS

Amounts falling due within one year

9

188,059

259,709

NET CURRENT ASSETS

235,689

309,195

TOTAL ASSETS LESS CURRENT LIABILITIES

516,123

649,138

CREDITORS

Amounts falling due after more than one year

10

(1,300

)

(1,300

)

PROVISIONS FOR LIABILITIES

(68,185

)

(79,899

)

NET ASSETS

446,638

567,939

CAPITAL AND RESERVES

Called up, paid and allotted share capital

500

500

Capital redemption reserve

500

500

Retained earnings

445,638

566,939

SHAREHOLDERS' FUNDS

446,638

567,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2025 and were signed by:

M F White - Director

1.	STATUTORY INFORMATION

Brown & White (Opticians) 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business during the year ended 2016, is being amortised evenly over its estimated useful life of nine years.

Goodwill, being the amount paid in connection with the acquisition of a business during the year ended 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Short leasehold

-

10% on cost

Apparatus

-

15% reducing balance and over 8 years

Equipment, fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

101,700

AMORTISATION

At 1 April 2024

91,900

Amortisation for year

4,900

At 31 March 2025

96,800

NET BOOK VALUE

At 31 March 2025

4,900

At 31 March 2024

9,800

6.	TANGIBLE FIXED ASSETS

Equipment,

Short

fixtures

Computer

leasehold

Apparatus

& fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

119,859

769,344

415,309

35,019

1,339,531

Additions

-

5,995

-

11,958

17,953

Disposals

-

(12,495

)

-

(23,838

)

(36,333

)

At 31 March 2025

119,859

762,844

415,309

23,139

1,321,151

DEPRECIATION

At 1 April 2024

110,610

514,216

354,897

30,965

1,010,688

Charge for year

4,624

52,781

9,063

2,963

69,431

Eliminated on disposal

-

(9,368

)

-

(23,834

)

(33,202

)

At 31 March 2025

115,234

557,629

363,960

10,094

1,046,917

NET BOOK VALUE

At 31 March 2025

4,625

205,215

51,349

13,045

274,234

At 31 March 2024

9,249

255,128

60,412

4,054

328,843

7.	FIXED ASSET INVESTMENTS

Subsidiaries

£

COST

At 1 April 2024

and 31 March 2025

93,501

PROVISIONS

At 1 April 2024

and 31 March 2025

92,201

NET BOOK VALUE

At 31 March 2025

1,300

At 31 March 2024

1,300

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,106

30,240

Other debtors

14,585

25,711

43,691

55,951

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

67,760

173,575

Taxation and social security

2,010

7,381

Other creditors

118,289

78,753

188,059

259,709

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,300

1,300

11.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

22,000

75,188

Between one and five years

88,000

164,000

In more than five years

60,500

77,000

170,500

316,188

12.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, additional loans in aggregate of £35,348 were provided to the company. At the year end, the director was owed £67,187.