Registration number: SC527608

Laser and Lens Scotland Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Laser and Lens Scotland Ltd

Company Information

Directors

Mr Sanjay Mantry Dr Dipali Mantry

Registered office

Beaumont House Grange Road Bearsden Glasgow Scotland G61 3PL

Accountants

Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

DEANS

Chartered Accountants

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Laser and Lens Scotland Ltd for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Laser and Lens Scotland Ltd for the year ended 28 February 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of Laser and Lens Scotland Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Laser and Lens Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of Laser and Lens Scotland Ltd, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laser and Lens Scotland Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Laser and Lens Scotland Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Laser and Lens Scotland Ltd. You consider that Laser and Lens Scotland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Laser and Lens Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

28 November 2025

Laser and Lens Scotland Ltd

(Registration number: SC527608)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	34,470	9,607
Investment property	5	2,285,646	1,864,851
Other financial assets	6	5,801	5,801
		2,325,917	1,880,259
Current assets
Debtors	7	1,383,972	338,778
Cash at bank and in hand		1,032,114	1,825,400
		2,416,086	2,164,178
Creditors: Amounts falling due within one year	8	(391,163)	(207,255)
Net current assets		2,024,923	1,956,923
Total assets less current liabilities		4,350,840	3,837,182
Provisions for liabilities		(1,201)	(2,402)
Net assets		4,349,639	3,834,780
Capital and reserves
Called up share capital	9	100	100
Revaluation reserve		6,970	6,970
Retained earnings		4,342,569	3,827,710
Shareholders' funds		4,349,639	3,834,780

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... Mr Sanjay Mantry Director

......................................... Dr Dipali Mantry Director

Laser and Lens Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Beaumont House
Grange Road
Bearsden
Glasgow
G61 3PL
Scotland

The principal place of business is:
Beaumont House
Grange Road
Bearsden
Glasgow
G61 3PL
Scotland

These financial statements were authorised for issue by the Board on 28 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £ and are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Laser and Lens Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line
Plant and machinery	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Laser and Lens Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 March 2024	6,197	33,543	39,740
Additions	-	31,967	31,967
At 28 February 2025	6,197	65,510	71,707
Depreciation
At 1 March 2024	4,432	25,701	30,133
Charge for the year	1,037	6,067	7,104
At 28 February 2025	5,469	31,768	37,237
Carrying amount
At 28 February 2025	728	33,742	34,470
At 29 February 2024	1,765	7,842	9,607

5	Investment properties

	2025 £
At 1 March	1,864,851
Additions	744,891
Disposals	(324,096)
At 28 February	2,285,646

There has been no valuation of investment property by an independent valuer.

Laser and Lens Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 March 2024	5,801	5,801
At 28 February 2025	5,801	5,801
Impairment
Carrying amount
At 28 February 2025	5,801	5,801

7

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	10	1,333,946	338,655
Prepayments		-	123
Other debtors		50,026	-
		1,383,972	338,778

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	258,597	199,262
Accruals and deferred income	7,082	5,082
Other creditors	125,484	2,911
	391,163	207,255

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	49	49	49	49
Ordinary C shares of £1 each	1	1	1	1
	100	100	100	100

Laser and Lens Scotland Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

10	Related party transactions

Transactions with directors

2025	At 1 March 2024 £	Advances to director £	At 28 February 2025 £
Mr Sanjay Mantry
Overdrawn loans are subject to interest at 2.25%.	8,999	92,025	101,024
Dr Dipali Mantry
Overdrawn loans are subject to interest at 2.25%.	47,203	-	47,203

2024	At 1 March 2023 £	Advances to director £	Repayments by director £	At 29 February 2024 £
Mr Sanjay Mantry
Overdrawn loans are subject to interest at 2.25%.	12,682	976	(4,659)	8,999
Dr Dipali Mantry
Overdrawn loans are subject to interest at 2.25%.	5,902	41,391	(90)	47,203

Summary of transactions with other related parties

Laser and Lens Property Holding Ltd is a company under the control of Mr & Mrs S Mantry. The company has advanced loans of £1,185,719 (2024 - £282,453) to Laser and Lens Property Holding Ltd. These loans are interest free and there are no specific terms for repayment.
Laser Vision Scotland Ltd, a company in which Mr & Mrs Mantry are 50% shareholders advanced loans of £125,484 to the company during the year. This loan was repaid after the year end.