Lymington Optical Ltd 13384588 false 2024-12-01 2025-11-30 2025-11-30 The principal activity of the company is that of an optician Digita Accounts Production Advanced 6.30.9574.0 true 13384588 2024-12-01 2025-11-30 13384588 2025-11-30 13384588 core:CurrentFinancialInstruments 2025-11-30 13384588 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 13384588 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 13384588 core:Goodwill 2025-11-30 13384588 core:FurnitureFittingsToolsEquipment 2025-11-30 13384588 core:LandBuildings 2025-11-30 13384588 core:OtherPropertyPlantEquipment 2025-11-30 13384588 bus:SmallEntities 2024-12-01 2025-11-30 13384588 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 13384588 bus:FilletedAccounts 2024-12-01 2025-11-30 13384588 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 13384588 bus:RegisteredOffice 2024-12-01 2025-11-30 13384588 bus:Director1 2024-12-01 2025-11-30 13384588 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 13384588 core:Goodwill 2024-12-01 2025-11-30 13384588 core:FurnitureFittings 2024-12-01 2025-11-30 13384588 core:FurnitureFittingsToolsEquipment 2024-12-01 2025-11-30 13384588 core:LandBuildings 2024-12-01 2025-11-30 13384588 core:OfficeEquipment 2024-12-01 2025-11-30 13384588 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 13384588 core:PlantMachinery 2024-12-01 2025-11-30 13384588 countries:UnitedKingdom 2024-12-01 2025-11-30 13384588 2024-11-30 13384588 core:Goodwill 2024-11-30 13384588 core:FurnitureFittingsToolsEquipment 2024-11-30 13384588 core:LandBuildings 2024-11-30 13384588 core:OtherPropertyPlantEquipment 2024-11-30 13384588 2023-12-01 2024-11-30 13384588 2024-11-30 13384588 core:CurrentFinancialInstruments 2024-11-30 13384588 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13384588 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 13384588 core:Goodwill 2024-11-30 13384588 core:FurnitureFittingsToolsEquipment 2024-11-30 13384588 core:LandBuildings 2024-11-30 13384588 core:OtherPropertyPlantEquipment 2024-11-30 iso4217:GBP xbrli:pure

Registration number: 13384588

Lymington Optical Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Lymington Optical Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Lymington Optical Ltd

(Registration number: 13384588)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 45,938 | 69,906
Tangible assets | 5 | 437,499 | 504,457
|  | 483,437 | 574,363
Current assets |  |  |
Stocks | 6 | 74,916 | 64,053
Debtors | 7 | 198,668 | 288,132
Cash at bank and in hand |  | - | 11,789
|  | 273,584 | 363,974
Creditors: Amounts falling due within one year | 8 | (440,791) | (611,156)
Net current liabilities |  | (167,207) | (247,182)
Total assets less current liabilities |  | 316,230 | 327,181
Creditors: Amounts falling due after more than one year | 8 | (333,172) | (236,771)
Provisions for liabilities |  | (73,659) | (77,799)
Net (liabilities)/assets |  | (90,601) | 12,611
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (90,602) | 12,610
Shareholders' (deficit)/funds |  | (90,601) | 12,611

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Lymington Optical Ltd

(Registration number: 13384588)
Balance Sheet as at 30 November 2025

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 May 2026

......................................... Mr Zabir Ali Director

Lymington Optical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
2 West Borough
Wimborne
Dorset
BH21 1NF
United Kingdom

These financial statements were authorised for issue by the director on 5 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Lymington Optical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 5%, 20% & 33% Straight Line
Plant & Machinery | 20% Straight Line
Office Equipment | 33% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lymington Optical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 8).

Lymington Optical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 December 2024 | 119,840 | 119,840
At 30 November 2025 | 119,840 | 119,840
Amortisation
At 1 December 2024 | 49,934 | 49,934
Amortisation charge | 23,968 | 23,968
At 30 November 2025 | 73,902 | 73,902
Carrying amount
At 30 November 2025 | 45,938 | 45,938
At 30 November 2024 | 69,906 | 69,906

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 December 2024 | 10,444 | 427,009 | 211,764 | 649,217
Additions | - | 2,551 | 3,904 | 6,455
At 30 November 2025 | 10,444 | 429,560 | 215,668 | 655,672
Depreciation
At 1 December 2024 | 1,218 | 51,037 | 92,505 | 144,760
Charge for the year | 1,045 | 29,127 | 43,241 | 73,413
At 30 November 2025 | 2,263 | 80,164 | 135,746 | 218,173
Carrying amount
At 30 November 2025 | 8,181 | 349,396 | 79,922 | 437,499
At 30 November 2024 | 9,226 | 375,972 | 119,259 | 504,457

Included within the net book value of land and buildings above is £8,181 (2024 - £9,226) in respect of freehold land and buildings.

Lymington Optical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 74,916 | 64,053

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 14,923 | 13,715
Amounts owed by related parties |  | 134,565 | 223,543
Prepayments |  | 25,285 | 12,943
Other debtors |  | 23,895 | 37,931
|  | 198,668 | 288,132

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 67,939 | 104,177
Trade creditors |  | 219,596 | 250,544
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 125,253 | 58,574
Taxation and social security |  | 6,481 | 5,247
Accruals and deferred income |  | 18,623 | 190,566
Other creditors |  | 2,899 | 2,048
|  | 440,791 | 611,156

The short and long term borrowings are with Lloyds Bank PLC and are secured by fixed and floating charges over the assets of the company.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 333,172 | 236,771

The short and long term borrowings are with Lloyds Bank PLC and are secured by fixed and floating charges over the assets of the company.