| Solent Spectacles Limited |
| Registered Number:13306084 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Solent Spectacles Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Solent Spectacles Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
42,881
59,385
2
42,881
59,385
21,616
22,545
3
| Trade and other receivables |
6,085
5,888
4
59,552
| Cash and cash equivalents |
86,829
115,262
87,253
| Trade and other payables: amounts falling due within one |
| year |
(75,212)
(84,495)
5
12,041
30,767
Net current assets
| Total assets less current liabilities |
73,648
71,426
73,648
Net assets
71,426
100
100
73,548
71,326
73,648
71,426
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Ms Laura Jean Neilson Director |
| These financial statements were approved and authorised for issue by the Board on 10 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Solent Spectacles Limited
Notes to the Financial Statements
Statutory Information
| Solent Spectacles Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 13306084. |
56/60 Commercial Road
Totton
Southampton
Hampshire
SO40 3AG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 March 2025
Solent Spectacles Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
79,961
21,324
34,940
23,697
23,697
34,940
21,324
79,961
| Provision for depreciation and impairment |
20,576
8,681
7,020
4,875
Charge for year
16,504
5,330
8,734
2,440
37,080
14,011
15,754
7,315
16,382
19,186
7,313
42,881
18,822
27,920
12,643
59,385
2024
2025
22,545
21,616
| 4. Trade and other receivables |
2024
2025
5,888
6,085
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
29,030
21,162
| Taxation and social security |
32,670
27,272
22,795
26,778
84,495
75,212
| 6. Average number of persons employed |
During the year the average number of employees was 6 (2024 : 7)
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