Contents of the Financial Statements

for the Period Ended 31 March 2025

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

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

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

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

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

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.

The notes form part of these financial statements

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.

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