REGISTERED NUMBER: SC472111 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Munro Eyecare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F A Munro

Mrs P Munro

Mrs A Munro

M Munro

SECRETARY:

Mrs P Munro

REGISTERED OFFICE:

1050 Cathcart Road

Mount Florida

Glasgow

G42 9XW

REGISTERED NUMBER:

SC472111 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Intangible assets

4

3,200

4,800

Tangible assets

5

17,839

32,773

21,039

37,573

CURRENT ASSETS

Stocks

6

68,000

69,778

Debtors

7

141,291

193,224

Cash at bank and in hand

35,351

18,880

244,642

281,882

CREDITORS

Amounts falling due within one year

8

184,150

199,137

NET CURRENT ASSETS

60,492

82,745

TOTAL ASSETS LESS CURRENT LIABILITIES

81,531

120,318

CREDITORS

Amounts falling due after more than one year

9

(78,272

)

(112,975

)

PROVISIONS FOR LIABILITIES

11

(2,814

)

(4,983

)

NET ASSETS

445

2,360

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

345

2,260

SHAREHOLDERS' FUNDS

445

2,360

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 23 December 2025 and were signed on its behalf by:

F A Munro - Director

1.	STATUTORY INFORMATION

Munro Eyecare Limited is a private company, limited by shares , registered in Scotland. 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 2014, and in 2017, is being amortised over the 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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on cost

Computer equipment

-

20% 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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade 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.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 23 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

516,000

AMORTISATION

At 1 April 2024

511,200

Charge for year

1,600

At 31 March 2025

512,800

NET BOOK VALUE

At 31 March 2025

3,200

At 31 March 2024

4,800

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

7,874

50,750

267

Additions

-

270

773

At 31 March 2025

7,874

51,020

1,040

DEPRECIATION

At 1 April 2024

5,512

35,365

40

Charge for year

787

10,204

150

At 31 March 2025

6,299

45,569

190

NET BOOK VALUE

At 31 March 2025

1,575

5,451

850

At 31 March 2024

2,362

15,385

227

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

18,501

4,363

81,755

Additions

-

2,280

3,323

At 31 March 2025

18,501

6,643

85,078

DEPRECIATION

At 1 April 2024

6,167

1,898

48,982

Charge for year

6,167

949

18,257

At 31 March 2025

12,334

2,847

67,239

NET BOOK VALUE

At 31 March 2025

6,167

3,796

17,839

At 31 March 2024

12,334

2,465

32,773

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

18,501

DEPRECIATION

At 1 April 2024

6,167

Charge for year

6,167

At 31 March 2025

12,334

NET BOOK VALUE

At 31 March 2025

6,167

At 31 March 2024

12,334

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

68,000

69,778

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

52,805

56,128

Other debtors

88,486

137,096

141,291

193,224

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,056

28,791

Finance leases

5,843

5,843

Trade creditors

72,773

56,994

Taxation and social security

68,696

100,520

Other creditors

7,782

6,989

184,150

199,137

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

78,272

107,132

Finance leases

-

5,843

78,272

112,975

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

19,609

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

RBS Loan

94,236

112,649

The RBS holds a floating charge over all the company's property and assets.

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

2,814

4,983

Deferred

tax

£

Balance at 1 April 2024

4,983

Provided during year

(2,169

)

Balance at 31 March 2025

2,814

12.	RELATED PARTY DISCLOSURES

The directors have loan accounts with the company. At the year end the amount due to the company was £49,173. These loans have no fixed repayment terms.