REGISTERED NUMBER: 12486230 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

TH Optometry Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T J Hayward

REGISTERED OFFICE:

27 High Street

Ledbury

HR8 1DS

REGISTERED NUMBER:

12486230 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

17,000

18,000

Tangible assets

5

106,675

72,047

123,675

90,047

CURRENT ASSETS

Stocks

36,532

34,951

Debtors

6

13,255

2,039

Cash at bank

36,783

7,856

86,570

44,846

CREDITORS

Amounts falling due within one year

7

77,882

68,108

NET CURRENT ASSETS/(LIABILITIES)

8,688

(23,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,363

66,785

CREDITORS

Amounts falling due after more than one year

8

58,499

38,509

NET ASSETS

73,864

28,276

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

73,764

28,176

73,864

28,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 July 2025 and were signed by:

Mr T J Hayward - Director

1.	STATUTORY INFORMATION

TH Optometry Ltd 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 2022, 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.

Plant and machinery etc

-

10% on cost and 5% 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.

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 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

20,000

AMORTISATION

At 1 March 2024

2,000

Charge for year

1,000

At 28 February 2025

3,000

NET BOOK VALUE

At 28 February 2025

17,000

At 29 February 2024

18,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

84,433

Additions

42,862

At 28 February 2025

127,295

DEPRECIATION

At 1 March 2024

12,386

Charge for year

8,234

At 28 February 2025

20,620

NET BOOK VALUE

At 28 February 2025

106,675

At 29 February 2024

72,047

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

5,034

-

Other debtors

8,221

2,039

13,255

2,039

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

18,447

11,011

Trade creditors

9,485

-

Taxation and social security

15,303

13,437

Other creditors

34,647

43,660

77,882

68,108

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

58,499

38,509