REGISTERED NUMBER: 01015615 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AUCKLAND (OPTICIANS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R H Auckland

Mrs C Auckland-Shone

Mr T W Shone

SECRETARY:

Mrs K Unwin

REGISTERED OFFICE:

9 High Street

Horbury

Wakefield

West Yorkshire

WF4 5AB

REGISTERED NUMBER:

01015615 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Barclays Bank plc

17 Market Place

Huddersfield

West Yorkshire

HD1 2AA

FIXED ASSETS

Intangible assets

4

130,735

193,453

Tangible assets

5

219,011

256,666

349,746

450,119

CURRENT ASSETS

Stocks

6

97,000

96,000

Debtors

7

428,046

423,815

Investments

8

251,690

241,655

Cash at bank and in hand

190,656

176,587

967,392

938,057

CREDITORS

Amounts falling due within one year

9

252,512

233,012

NET CURRENT ASSETS

714,880

705,045

TOTAL ASSETS LESS CURRENT LIABILITIES

1,064,626

1,155,164

CREDITORS

Amounts falling due after more than one year

10

(4,446

)

(14,135

)

PROVISIONS FOR LIABILITIES

11

(39,686

)

(44,487

)

NET ASSETS

1,020,494

1,096,542

CAPITAL AND RESERVES

Called up share capital

12

920

920

Retained earnings

1,019,574

1,095,622

SHAREHOLDERS' FUNDS

1,020,494

1,096,542

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 and authorised for issue by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Mrs C Auckland-Shone - Director

1.	STATUTORY INFORMATION

Auckland (Opticians) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when goods are collected by the customer.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and is being amortised evenly over its estimated useful life of ten 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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

All tangible fixed assets are initially recorded at cost.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 20% on cost

Computer equipment - 33% on cost

Motor vehicles - 25% on reducing balance

Freehold buildings are not depreciated as they are maintained to such a standard that any depreciation would be immaterial.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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 operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Interest relating to Hire Purchase accounts is charged against profit on the basis of equal monthly amounts.

Pension costs

The company contributes to employees personal pension schemes. The annual contributions payable are charged to the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Deferred government grants

Government grants in respect of capital expenditure are credited against the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

627,179

AMORTISATION

At 1 April 2024

433,726

Amortisation for year

62,718

At 31 March 2025

496,444

NET BOOK VALUE

At 31 March 2025

130,735

At 31 March 2024

193,453

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

computer

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

736,516

93,015

829,531

Additions

41,088

27,445

68,533

Disposals

(15,599

)

(26,670

)

(42,269

)

At 31 March 2025

762,005

93,790

855,795

DEPRECIATION

At 1 April 2024

554,487

18,378

572,865

Charge for year

67,677

15,759

83,436

Eliminated on disposal

(11,309

)

(8,208

)

(19,517

)

At 31 March 2025

610,855

25,929

636,784

NET BOOK VALUE

At 31 March 2025

151,150

67,861

219,011

At 31 March 2024

182,029

74,637

256,666

6.

STOCKS

31.3.25

31.3.24

£

£

Goods for resale

97,000

96,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,770

988

Other debtors

400,000

400,000

Directors' current accounts

-

137

Prepayments and accrued income

22,276

22,690

428,046

423,815

8.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Investment Bond

251,690

241,655

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

31,774

16,839

Hire purchase contracts

-

29,325

Trade creditors

87,647

67,742

Corporation tax

68,612

66,469

Social security and other taxes

14,454

15,630

VAT

507

3,265

Directors' current accounts

34,824

14,665

Accruals and deferred income

14,694

19,077

252,512

233,012

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

4,446

10,000

Bank loans - 2-5 years

-

4,135

4,446

14,135

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

39,686

44,487

Deferred tax

£

Balance at 1 April 2024

44,487

Movement during the year

(4,801

)

Balance at 31 March 2025

39,686

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

31.3.23

31.3.22

£

£

0

Ordinary

£1

0

0

92

Ordinary A

£1

92

92

46

Ordinary B

£1

46

46

762

Ordinary C

£1

762

762

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

920

920

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Mrs C Auckland-Shone

Balance outstanding at start of year

137

33,564

Amounts advanced

126,312

127,885

Amounts repaid

(150,000

)

(161,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,551

)

137

14.	RELATED PARTY DISCLOSURES

The company occupies rent free, certain premises which are personally owned by Mr R H Auckland.

At 31st March 2025 the company had made a loan of £400,000 (2024 - £400,000) to CMAS Properties Limited on a secured, interest free basis. Mrs C M Auckland-Shone is sole director/shareholder of the borrowing company.