REGISTERED NUMBER: 11914266 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bainbridge Optometrists Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A K Bainbridge

S L Bainbridge

REGISTERED OFFICE:

14 Kingfisher Walk

Kingfisher Shopping Centre

Redditch

B97 4EY

REGISTERED NUMBER:

11914266 (England and Wales)

ACCOUNTANTS:

Emmerson Accountancy Ltd

Atlantic Business Centre

Atlantic Street

Altrincham

Cheshire

WA14 5NQ

FIXED ASSETS

Intangible assets

4

44,100

47,250

Tangible assets

5

16,301

19,105

60,401

66,355

CURRENT ASSETS

Stocks

50,687

61,071

Debtors

6

21,987

21,958

Cash at bank and in hand

47,936

21,309

120,610

104,338

CREDITORS

Amounts falling due within one year

7

169,268

170,635

NET CURRENT LIABILITIES

(48,658

)

(66,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,743

58

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

11,741

56

SHAREHOLDERS' FUNDS

11,743

58

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 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 3 September 2025 and were signed on its behalf by:

S L Bainbridge - Director

Mrs A K Bainbridge - Director

1.	STATUTORY INFORMATION

Bainbridge Optometrists 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty 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.

Office Equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

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

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

63,000

AMORTISATION

At 1 April 2024

15,750

Amortisation for year

3,150

At 31 March 2025

18,900

NET BOOK VALUE

At 31 March 2025

44,100

At 31 March 2024

47,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Equipment

fittings

Totals

£

£

£

COST

At 1 April 2024

68,446

3,489

71,935

Additions

2,347

-

2,347

At 31 March 2025

70,793

3,489

74,282

DEPRECIATION

At 1 April 2024

51,452

1,378

52,830

Charge for year

4,835

316

5,151

At 31 March 2025

56,287

1,694

57,981

NET BOOK VALUE

At 31 March 2025

14,506

1,795

16,301

At 31 March 2024

16,994

2,111

19,105

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

9,375

9,375

VAT

546

738

Prepayments

12,066

11,845

21,987

21,958

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

10,422

Trade creditors

28,665

34,882

Tax

26,287

10,374

Other creditors

873

1,048

Directors' current accounts

110,784

111,420

Accrued expenses

2,659

2,489

169,268

170,635

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

2

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

56

Profit for the year

81,105

Dividends

(69,420

)

At 31 March 2025

11,741