ACCOUNTS - Final Accounts

Registered number: 03882888

THE EYE CARE CENTRE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

THE EYE CARE CENTRE LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 6

THE EYE CARE CENTRE LIMITED

REGISTERED NUMBER: 03882888

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		820		968
Current assets
Stocks		23,500		24,000
Debtors: amounts falling due within one year	6	17,985		15,011
Cash at bank and in hand		92,515		94,972
		134,000		133,983
Creditors: amounts falling due within one year	7	(34,184)		(32,352)
Net current assets			99,816		101,631
Total assets less current liabilities			100,636		102,599

Net assets			100,636		102,599

Capital and reserves
Called up share capital	100,000	100,000
Profit and loss account	636	2,599
	100,636	102,599

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2025.

Mr S. Jolly

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

THE EYE CARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

The Eye Care Centre Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD. Its principal place of business is 796 High Street, Kingswinford, West Midlands, DY6 8AA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

THE EYE CARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life being 20 years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Short term leasehold property	-	over the term of the lease
Fixtures and fittings	-	15% reducing balance
Computer equipment	-	33% reducing balance
Property alterations	-	20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

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

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

THE EYE CARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 May 2024	53,999
	At 30 April 2025	53,999
	Amortisation
	At 1 May 2024	53,999
	At 30 April 2025	53,999
	Net book value
	At 30 April 2025	-
	At 30 April 2024	-

Page 4

THE EYE CARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

5.	Tangible fixed assets

	Short term leasehold property	Fixtures & fittings	Computer equipment	Property alterations	Total
	£	£	£	£	£
Cost
At 1 May 2024	3,075	36,284	4,478	5,422	49,259
At 30 April 2025	3,075	36,284	4,478	5,422	49,259
Depreciation
At 1 May 2024	3,075	35,378	4,478	5,360	48,291
Charge for the year on owned assets	-	136	-	12	148
At 30 April 2025	3,075	35,514	4,478	5,372	48,439
Net book value
At 30 April 2025	-	770	-	50	820
At 30 April 2024	-	906	-	62	968

Debtors

					2025	2024
					£	£


Trade debtors	9,401	13,214
Other debtors	7,884	1,097
Prepayments and accrued income	700	700
	17,985	15,011

Page 5

THE EYE CARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	5,538	7,728
Corporation tax	21,936	17,926
Other taxation and social security	1,291	845
Other creditors	110	612
Accruals and deferred income	5,309	5,241
	34,184	32,352

Page 6