Scotlens Limited - Filleted accounts

Registered number

SC107183

Scotlens Limited

Unaudited Filleted Accounts

31 March 2025

Scotlens Limited
Registered number:		SC107183
Balance Sheet
as at 31 March 2025
restated
Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			70,049
Tangible assets	4		124,529			115,496
			124,529			185,545

Current assets
Stocks		60,981			41,741
Debtors	5	524,161			151,678
Cash at bank and in hand		67,971			89,226
		653,113			282,645

Creditors: amounts falling due within one year	6	(520,102)			(168,538)

Net current assets			133,011			114,107

Total assets less current liabilities			257,540			299,652

Creditors: amounts falling due after more than one year	7		(4,111)			(4,920)

Provisions for liabilities			(7,884)			(7,830)


Net assets			245,545			286,902

Capital and reserves
Called up share capital			1,296			1,296
Profit and loss account			244,249			285,606

Shareholders' funds			245,545			286,902

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

S Brown
Director
Approved by the board on 26 September 2025

Scotlens Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 100 years
	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			over 5 years

	Grant funding received towards the costs of tangible assets is deferred and released to the profit and loss account over the life of the asset concerned.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		10


3	Intangible fixed assets							£
	Goodwill and research and development:

	Cost
	At 1 April 2024							460,622
	At 31 March 2025							460,622

	Amortisation
	At 1 April 2024							390,573
	Provided during the year							70,049
	At 31 March 2025							460,622

	Net book value
	At 31 March 2025							-
	At 31 March 2024							70,049

	Goodwill and capitalised research and development costs were being written off in equal annual instalments over their estimated economic life of 20 years. However this accounting policy has been changed to reflect current UK GAAP of a maximum amortsation period of 10 years. As a result, the charge to the profit and loss account in the year is £70,049. Without the change in accounting policy, the anamortisation charge that would have been £23,952.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	96,688		381,970		36,126		514,784
	Additions	-		20,385		-		20,385
	Disposals	-		(6,636)		-		(6,636)
	At 31 March 2025	96,688		395,719		36,126		528,533

	Depreciation
	At 1 April 2024	15,724		347,438		36,126		399,288
	Charge for the year	899		8,608		-		9,507
	On disposals	-		(4,791)		-		(4,791)
	At 31 March 2025	16,623		351,255		36,126		404,004

	Net book value
	At 31 March 2025	80,065		44,464		-		124,529
	At 31 March 2024	80,964		34,532		-		115,496


5	Debtors					2025		2024
£							£

	Trade debtors					123,951		112,257
	Other debtors					400,210		39,421
						524,161		151,678


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					18,649		17,839
	Taxation and social security costs					474,680		142,624
	Other creditors					26,773		8,075
						520,102		168,538


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					4,111		4,920


8	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					-		26,042

	The bank loan paid off during the year was secured by a Bond and Floating Charge over the whole assets of the company. This security has now been released.


9	Previous year adjustment

	For the previous two years, it has been identified that payments to a director have incorrectly been treated as dividend payments when these should have been treated as salary payments.
	In the year to 31st March 2022, expenditure was understated by £24,609 and corporation tax overprovided by £4,676. In the year to 31st March 2023, expenditure was understated by £73,287 and corporation tax overprovided by £18,322. The directors of the company have therefore made a prior year adjustment to correct the material error.
	Opening retained earnings in the comparatives to these financials statements (ie at 1 April 2023) have been amended by £11,027


10	Pension commitments

	The company operates a defined contribution pension scheme for all eligible staff. The assets of the scheme is held seperately from those of the company in an independently administered fund.


11	Events after the reporting date

	Since the year end, there has been a reclassification of share capital in the company. There has been an issue of an additional 410 A Ordinary shares on 1st April 2025. On 10th June 2025, an unauthorised issue of 100 Ordinary C Shares to a director on 9th September 2022 has been ratified and Ordinary A, Ordinary B and Ordinary C shares have been reassigned as Ordinary shares.


12	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Director 2
	Loan 1	30,147		16,402		-		46,549

		30,147		16,402		-		46,549


13	Related party transactions

	As at 31st March 2025, the immediate and ultimate parent undertaking and controlling party was Scotlens Holdings Limited, which does not prepare group financial statements. The registered office of Scotlens Holdings Limited is Scotlens House, Mill Road Industrial Estate, Linlithgow, West Lothian, Scotland, EH49 7SG
	As of 1st April 2025, the immediate and ultimate parent undertaking and controlling party is Contact Lens Precision Laboratories Limited , which prepares group financial statements. The registered office of Contact Lens Precision Laboratories Limited is Dolphin House Commerce Way, Leighton Buzzard, Bedfordshire, LU7 4RW
	Following the previous year adjustment detailed in note 9, there was a restated loan balance outstanding from a director to the company at the beginning of the year. Movements on this loan account are noted in note 12. This loan is unsecured, interest free and repayable on demand.
	At 31st March 2025 there was a loan balance of £21 due by the company to another director (2024: £448). This loan is unsecured, interest free and repayable on demand.

14	Other information

	Scotlens Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Scotlens House, L34Mill Road Industrial Estate, Linlithgow Bridge, Linlithgow, West Lothian, EH49 7SG.