REGISTERED NUMBER: SC451008 (Scotland)

Anita Glasby Optometry Limited

Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A R Glasby

Mr T Glasby

SECRETARY:

Mrs J A Glasby

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC451008 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Santander

31 Hanover Street

Edinburgh

EH2 2EB

FIXED ASSETS

Tangible assets

4

228,153

236,822

CURRENT ASSETS

Stocks

21,153

16,058

Debtors

5

5,732

12,070

Cash at bank and in hand

35,147

30,498

62,032

58,626

CREDITORS

Amounts falling due within one year

6

29,951

33,524

NET CURRENT ASSETS

32,081

25,102

TOTAL ASSETS LESS CURRENT LIABILITIES

260,234

261,924

CREDITORS

Amounts falling due after more than one year

7

(148,449

)

(165,171

)

PROVISIONS FOR LIABILITIES

(11,888

)

(13,201

)

NET ASSETS

99,897

83,552

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

99,797

83,452

SHAREHOLDERS' FUNDS

99,897

83,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 1 October 2025 and were signed on its behalf by:

Ms A R Glasby - Director

Mr T Glasby - Director

1.	STATUTORY INFORMATION

Anita Glasby Optometry Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition

Turnover represents the provision of optometry services. Revenue is recognised on the point of sale of goods or completion of service.

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.

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

33% on cost and 10% 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

166,269

210,864

377,133

Additions

-

2,871

2,871

At 31 May 2025

166,269

213,735

380,004

DEPRECIATION

At 1 June 2024

1,325

138,986

140,311

Charge for year

1,325

10,215

11,540

At 31 May 2025

2,650

149,201

151,851

NET BOOK VALUE

At 31 May 2025

163,619

64,534

228,153

At 31 May 2024

164,944

71,878

236,822

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

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

78,600

DEPRECIATION

At 1 June 2024

15,720

Charge for year

7,860

At 31 May 2025

23,580

NET BOOK VALUE

At 31 May 2025

55,020

At 31 May 2024

62,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,070

4,130

Other debtors

2,662

7,940

5,732

12,070

Included in other debtors is a balance due to a director. The balance is unsecured and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,948

4,247

Hire purchase contracts (see note 8)

11,075

11,173

Trade creditors

388

7,108

Taxation and social security

8,864

7,613

Other creditors

4,676

3,383

29,951

33,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

105,169

110,913

Hire purchase contracts (see note 8)

43,280

54,258

148,449

165,171

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

82,904

90,300

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

11,075

11,173

Between one and five years

43,280

54,258

54,355

65,431

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

110,117

115,160

Bank loans are secured by way of a standard security charge in favour of The Royal Bank of Scotland over the company's property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Ms A R Glasby

Balance outstanding at start of year

456

-

Amounts advanced

332

456

Amounts repaid

(788

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

456

The director has undertaken to settle the balance within 9 months of the balance sheet date.