REGISTERED NUMBER: 09109366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MYGLASSESGURU.CO.UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Z Anderton

I S Macnish

REGISTERED OFFICE:

Eden Eyecare

Angel Lane

Penrith

Cumbria

CA11 7BP

REGISTERED NUMBER:

09109366 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

The Old Stables

Edenhall

Penrith

CA11 8ST

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

163,612

134,273

163,612

134,273

CURRENT ASSETS

Stocks

13,000

13,000

Debtors

6

17,685

2,339

Cash at bank

85,940

72,126

116,625

87,465

CREDITORS

Amounts falling due within one year

7

115,963

99,585

NET CURRENT ASSETS/(LIABILITIES)

662

(12,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

164,274

122,153

CREDITORS

Amounts falling due after more than one year

8

(66,274

)

(53,405

)

PROVISIONS FOR LIABILITIES

(28,560

)

(19,682

)

NET ASSETS

69,440

49,066

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

69,340

48,966

SHAREHOLDERS' FUNDS

69,440

49,066

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 18 December 2025 and were signed on its behalf by:

Z Anderton - Director

I S Macnish - Director

1.	STATUTORY INFORMATION

MYGLASSESGURU.CO.UK LTD is a private company, limited by shares, registered in England and Wales. The company's registration number is 09109366 and registered office address is at Eden Eyecare, Angel Lane, Penrith, Cumbria, CA11 7BP.

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.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

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.

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 4 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

21,520

AMORTISATION

At 1 April 2024

and 31 March 2025

21,520

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

61,717

175,144

236,861

Additions

-

62,536

62,536

At 31 March 2025

61,717

237,680

299,397

DEPRECIATION

At 1 April 2024

6,172

96,416

102,588

Charge for year

6,171

27,026

33,197

At 31 March 2025

12,343

123,442

135,785

NET BOOK VALUE

At 31 March 2025

49,374

114,238

163,612

At 31 March 2024

55,545

78,728

134,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

70,000

Additions

18,516

At 31 March 2025

88,516

DEPRECIATION

At 1 April 2024

14,739

Charge for year

13,526

At 31 March 2025

28,265

NET BOOK VALUE

At 31 March 2025

60,251

At 31 March 2024

55,261

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

17,685

2,339

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 9)

22,829

8,091

Trade creditors

6,322

6,683

Amounts owed to group undertakings

8,499

1,909

Taxation and social security

73,864

78,282

Other creditors

4,449

4,620

115,963

99,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 9)

66,274

53,405

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

11,968

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

22,829

8,091

Between one and five years

66,274

41,437

In more than five years

-

11,968

89,103

61,496

10.	ULTIMATE CONTROLLING PARTY

The parent company is Myglassesguru Holding Co LTD, a company incorporated in England and Wales.