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# HOYA LENS U.K. LIMITED

## Company Registration Number:
01484424 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# HOYA LENS U.K. LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# HOYA LENS U.K. LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Hoya Lens U.K. Limited is engaged in the manufacture, edging and mounting of ophthalmic lenses. Our customer base covers all market channels with local activity primarily focused on supply and support for independent opticians, with our global supply chain geared to meet the needs of the major high street retail chains.

Directors

The directors shown below have held office during the period of
3 July 2024 to 31 March 2025

Martin Batho
Oliver Fischbach
Darren Hewitt
David C Upton

The director shown below has held office during the period of
3 July 2024 to 3 July 2024

Mark Van Krieken

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 May 2025

And signed on behalf of the board by:
Name: Martin Batho
Status: Director

# HOYA LENS U.K. LIMITED

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 40,802,277 | 37,625,768
Cost of sales: | ( 26,398,279 ) | ( 25,231,692 )
Gross profit(or loss): | 14,403,998 | 12,394,076
Administrative expenses: | ( 10,627,247 ) | ( 9,571,825 )
Operating profit(or loss): | 3,776,751 | 2,822,251
Interest receivable and similar income: | 192,600 | 174,014
Profit(or loss) before tax: | 3,969,351 | 2,996,265
Tax: | ( 793,759 ) | ( 779,944 )
Profit(or loss) for the financial year: | 3,175,592 | 2,216,321

# HOYA LENS U.K. LIMITED

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 3,788,801 | 3,250,964
Total fixed assets: |  | 3,788,801 | 3,250,964
Current assets
Stocks: | 4 | 1,382,797 | 1,380,253
Debtors: | 5 | 8,552,857 | 8,040,856
Cash at bank and in hand: |  | 5,970,489 | 5,807,537
Total current assets: |  | 15,906,143 | 15,228,646
Creditors: amounts falling due within one year: | 6 | ( 8,359,060 ) | ( 7,636,215 )
Net current assets (liabilities): |  | 7,547,083 | 7,592,431
Total assets less current liabilities: |  | 11,335,884 | 10,843,395
Creditors: amounts falling due after more than one year: | 7 | ( 566,778 ) | ( 716,346 )
Provision for liabilities: |  | ( 68,514 ) | ( 385,728 )
Total net assets (liabilities): |  | 10,700,592 | 9,741,321
Capital and reserves
Called up share capital: |  | 7,525,000 | 7,525,000
Profit and loss account: |  | 3,175,592 | 2,216,321
Total Shareholders' funds: |  | 10,700,592 | 9,741,321

The notes form part of these financial statements

# HOYA LENS U.K. LIMITED

## Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 May 2025
and signed on behalf of the board by:

Name: Martin Batho
Status: Director

The notes form part of these financial statements

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents the invoiced value, excluding value added tax, volume rebates and trade discounts, of the sales of ophthalmic lenses and the provision of optical equipment. Turnover is recognised as goods are despatched which is the point at which the risks and rewards of ownership are transferred to the buyer. Where payments are received from the customer in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. Optical equipment is leased to buyers in order to assist them to meet lens sales targets, prescribed by Hoya. Where these targets are not met by the buyer, clawback invoices are raised in order to recover an element of the cost of the equipment. The revenue for the rental of the leased equipment and the clawback charges is invoiced on a monthly basis.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful lives, as follows: Freehold factory building – 50 years Plant and machinery – 3 – 10 years IT Equipment - 3 years

  Other accounting policies

  Impairment of fixed assets. Stocks. Taxation. Turnover.Foreign currencies. Government Grants.Operating lease commitments. Pension Scheme. Financial Instruments. Finance Costs. Interest income. Share-based payments. Dividends. Reserves.

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 155 | 152

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 | 4,441,884 | 8,630,982 |  |  |  | 13,072,866
Additions |  | 971,776 |  |  |  | 971,776
Disposals |  | ( 2,284,691 ) |  |  |  | ( 2,284,691 )
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 March 2025 | 4,441,884 | 7,318,067 |  |  |  | 11,759,951
Depreciation |  |  |  |  |  |
At 1 April 2024 | 2,247,383 | 7,574,519 |  |  |  | 9,821,902
Charge for year | 75,649 | 358,290 |  |  |  | 433,939
On disposals |  | ( 2,284,691 ) |  |  |  | ( 2,284,691 )
Other adjustments |  |  |  |  |  |
At 31 March 2025 | 2,323,032 | 5,648,118 |  |  |  | 7,971,150
Net book value |  |  |  |  |  |
At 31 March 2025 | 2,118,852 | 1,669,949 |  |  |  | 3,788,801
At 31 March 2024 | 2,194,501 | 1,056,463 |  |  |  | 3,250,964

Within the Freehold land and buildings net book value of £2,118,852, is land with a net book value of £418,221 which is not depreciated.

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 1,382,797 | 1,380,253
Total | 1,382,797 | 1,380,253

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 5,546,247 | 4,727,323
Prepayments and accrued income | 493,313 | 984,052
Other debtors | 2,513,297 | 2,329,481
Total | 8,552,857 | 8,040,856
Debtors due after more than one year: | 789,321 | 895,454

Amounts falling due within one year: Amounts owed by group undertakings are trade transactions that are unsecured with 90-day payment terms. No interest is charged on these transactions. Amounts falling due after more than one year: The full value of the loans receivable are secured against certain immovable property of the counterparties and attracts interest at the Bank of England base lending rate plus a 1.5% margin. The loans are receivable in equal monthly instalments until their maturity on 27 March 2026, 27 February 2028, and 28 January 2029.

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 539,603 | 663,268
Taxation and social security | 1,093,392 | 795,640
Accruals and deferred income | 1,658,508 | 1,845,152
Other creditors | 5,067,557 | 4,332,155
Total | 8,359,060 | 7,636,215

Amounts owed to group undertakings are trade transactions that are unsecured with payment terms ranging from 15 days to 90 days. No interest is charged on these transactions.

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 7. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Other creditors | 566,778 | 716,346
Total | 566,778 | 716,346

Regional development grants The regional development grant was issued to Hoya Lens UK Limited in 1997 by the Welsh Development Agency to support in the building of the Hoya production facility in Wrexham. The grant is being released into the accounts over 50 years. (b) Share based payments The Company operates a cash-settled share-based payment scheme for eligible employees under the fair value recognition and measurement provision under FRS102. The only vesting condition of the scheme being that the individual remains an employee of the group over the four-year vesting period. Once vested, there is a 3-year exercisable period before they expire. A liability is recognised for the fair value of cash-settled transactions of £434,043 (2024: £577,577) which is offset by an intercompany debtor of £235,442 (2024: £352,497). The movement in the year of £109,065 (2024: £180,907) less an exchange loss of £823 (2024: £45,447) on revaluation of the fair value has been recognised as an expense in the statement of comprehensive income (see Note 4).

# HOYA LENS U.K. LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 8. Financial Commitments

There is a guarantee provided by Barclays Plc to pay any duties to Revenue and Customs should the Company default. The bank will then reclaim the amount paid from the Company. The bank acts as a guarantor for the Company to HMRC to pay duties up to £140,000 (2024: £140,000). At 31 March 2025 the Company had future minimum rental payments under non-cancellable operating leases as set out below: 2025 2024 motor vehicles motor vehicles Within 1 year £141,724 £106,424 in two to five years £220,759 £193,311 Total £362,483 £299,735