Registration number: 13384588

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.