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Registered number: 11257443
Dry Eyes Limited
Financial Statements
For The Year Ended 31 March 2025
James Fraser & Co.
Chartered Accountants
15 Manor Place
Edinburgh
EH3 7DH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11257443
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,638 29,659
22,638 29,659
CURRENT ASSETS
Debtors 5 - 14,765
Cash at bank and in hand 4,055 3,070
4,055 17,835
Creditors: Amounts Falling Due Within One Year 6 (2,879 ) (39,834 )
NET CURRENT ASSETS (LIABILITIES) 1,176 (21,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,814 7,660
NET ASSETS 23,814 7,660
CAPITAL AND RESERVES
Called up share capital 7 70,000 70,000
Profit and Loss Account (46,186 ) (62,340 )
SHAREHOLDERS' FUNDS 23,814 7,660
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Williamson
Director
31 December 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Dry Eyes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11257443 . The registered office is 34 Great Titchfield Street, London, W1W 8BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33% straight line
Plant & Machinery 20% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 7,187 67,314 8,145 1,501 84,147
As at 31 March 2025 7,187 67,314 8,145 1,501 84,147
Depreciation
As at 1 April 2024 6,330 39,017 7,640 1,501 54,488
Provided during the period 857 5,659 505 - 7,021
As at 31 March 2025 7,187 44,676 8,145 1,501 61,509
Net Book Value
As at 31 March 2025 - 22,638 - - 22,638
As at 1 April 2024 857 28,297 505 - 29,659
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 14,765
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 7,136
Other creditors 2,879 32,698
2,879 39,834
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 70,000 70,000
Page 3