REGISTERED NUMBER: 06162940 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PATRICK DUFF OPTICIANS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Fairbrother

Mrs S J B O'Donnell

Mrs H Heath

SECRETARY:

Mrs S J B O'Donnell

REGISTERED OFFICE:

Second Floor South

The Fitted Rigging House

Anchor Wharf, The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

06162940 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Intangible assets

4

28,900

43,350

Tangible assets

5

58,844

70,236

87,744

113,586

CURRENT ASSETS

Stocks

69,774

62,579

Debtors

6

22,983

21,445

Cash at bank and in hand

80,225

106,280

172,982

190,304

CREDITORS

Amounts falling due within one year

7

(135,169

)

(171,346

)

NET CURRENT ASSETS

37,813

18,958

TOTAL ASSETS LESS CURRENT LIABILITIES

125,557

132,544

PROVISIONS FOR LIABILITIES

(13,141

)

(15,606

)

NET ASSETS

112,416

116,938

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

112,316

116,838

SHAREHOLDERS' FUNDS

112,416

116,938

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 10 November 2025 and were signed on its behalf by:

C M Fairbrother - Director

Mrs S J B O'Donnell - Director

1.	STATUTORY INFORMATION

Patrick Duff 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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.

Leasehold

-

Amortised over period of lease and Straight line over 5 years

Plant and machinery etc

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

289,000

AMORTISATION

At 1 April 2024

245,650

Charge for year

14,450

At 31 March 2025

260,100

NET BOOK VALUE

At 31 March 2025

28,900

At 31 March 2024

43,350

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

Leasehold

etc

Totals

£

£

£

COST

At 1 April 2024

24,718

185,480

210,198

Additions

-

1,092

1,092

Disposals

-

(8,827

)

(8,827

)

At 31 March 2025

24,718

177,745

202,463

DEPRECIATION

At 1 April 2024

15,254

124,708

139,962

Charge for year

1,875

9,047

10,922

Eliminated on disposal

-

(7,265

)

(7,265

)

At 31 March 2025

17,129

126,490

143,619

NET BOOK VALUE

At 31 March 2025

7,589

51,255

58,844

At 31 March 2024

9,464

60,772

70,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

22,983

21,445

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

8,185

Trade creditors

21,303

35,136

Taxation and social security

18,220

15,589

Other creditors

95,646

112,436

135,169

171,346

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary 'A'

£1

50

50

50

Ordinary 'B'

£1

50

50

100

100

The "A" and "B" shares shall rank pari passu except for the right to receive dividends. The rate at which dividends are payable shall be determined by the members in General Meeting and may be different for each class of shares.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £153,598 (2024 : £39,097).