Bowers Opticians Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04571396 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Bowers Opticians Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J C Bowers

Dr A R Bowers

A Singh

SECRETARY:

J C Bowers

REGISTERED OFFICE:

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

REGISTERED NUMBER:

04571396 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

39,417

46,947

39,417

46,947

CURRENT ASSETS

Stocks

13,928

15,284

Debtors

7

22,201

18,807

Cash at bank and in hand

20,130

3,226

56,259

37,317

CREDITORS

Amounts falling due within one year

8

(46,774

)

(53,027

)

NET CURRENT ASSETS/(LIABILITIES)

9,485

(15,710

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

48,902

31,237

CREDITORS

Amounts falling due after more than one
year

9

(113,465

)

(123,189

)

NET LIABILITIES

(64,563

)

(91,952

)

CAPITAL AND RESERVES

Called up share capital

7,000

Share premium

27,996

Retained earnings

(99,559

)

(126,948

)

SHAREHOLDERS' FUNDS

(64,563

)

(91,952

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

J C Bowers - Director

1.	STATUTORY INFORMATION

Bowers Opticians Limited ('The Company') is primarily engaged in ophthalmic opticianary.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 178 Stamford Street Central, Ashton under Lyne, Manchester, OL6 7LR and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

The company's balance sheet shows net liabilities of £64,563 at the year end. Included in the company's creditors are amounts due to the directors of £138,465. The directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the aquisitions of businesses in 2003 and 2017, have been amortised evenly over their estimated useful life of 10 and 3 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 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

-

Straight line over 12 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises of current and deferred tax. Tax is recognised in the statement of comprehensive income except to the extent that it relates to items recognised 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 year end.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

Leasing commitments

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

186,072

AMORTISATION

At 1 October 2024

and 30 September 2025

186,072

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 October 2024

82,969

79,413

35,440

13,816

211,638

Additions

-

2,348

At 30 September 2025

82,969

79,413

35,440

16,164

213,986

DEPRECIATION

At 1 October 2024

47,678

75,050

28,147

13,816

164,691

Charge for year

7,056

1,089

1,491

242

9,878

At 30 September 2025

54,734

76,139

29,638

14,058

174,569

NET BOOK VALUE

At 30 September 2025

28,235

3,274

5,802

2,106

39,417

At 30 September 2024

35,291

4,363

7,293

-

46,947

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

13,498

9,800

VAT

2,333

3,363

Prepayments

2,419

1,240

18,250

14,403

Amounts falling due after more than one year:

Deferred tax

3,951

4,404

Aggregate amounts

22,201

18,807

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

12,788

18,406

Tax

151

-

Social security and other taxes

314

252

Other creditors

1,870

2,615

Director's current account

25,000

Accrued expenses

6,651

6,754

46,774

53,027

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Directors loan acc- J C Bowers

113,465

123,189

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

14,456

11,536

Between one and five years

49,124

37,476

63,580

49,012

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

An amount of £25,000 (2024: £25,000) is owed to the director and is included within creditors: amounts falling due within one year.

An amount of £113,465 (2024: £123,189) is owed to the director and is included within creditors: amounts falling due after more than one year.

During the year interest of £8,894 (2024: £8,886) has been incurred by the company in respect of the director's loan. At 30 September 2025 an amount of £4,275 (2024: £4,340) remains unpaid and is included within accruals: amounts falling due within one year.