Company No: 05547196 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

D J O'Beirne

SECRETARY

D J O'Beirne

REGISTERED OFFICE	17-19 Appleton Gate
	Newark
	Nottinghamshire
	NG24 1JR
	United Kingdom

COMPANY NUMBER

05547196 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	58,665		72,322
Investment property	4	130,000		130,000
		188,665		202,322
Current assets
Stocks		73,548		85,827
Debtors	5	12,771		19,766
Cash at bank and in hand		100,670		116,166
		186,989		221,759
Creditors: amounts falling due within one year	6	( 83,077)		( 102,084)
Net current assets		103,912		119,675
Total assets less current liabilities		292,577		321,997
Creditors: amounts falling due after more than one year	7	( 44,512)		( 54,386)
Provision for liabilities		( 18,335)		( 21,736)
Net assets		229,730		245,875
Capital and reserves
Called-up share capital	8	50		50
Fair value reserve		11,180		11,180
Capital redemption reserve		50		50
Profit and loss account		218,450		234,595
Total shareholder's funds		229,730		245,875

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of J D Opticians Limited (registered number: 05547196) were approved and authorised for issue by the Director on 05 May 2026. They were signed on its behalf by:

D J O'Beirne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J D Opticians Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17-19 Appleton Gate, Newark, Nottinghamshire, NG24 1JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents net invoiced sales of eye wear, eye tests and other optical supplies, excluding value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	20 % reducing balance
	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2024	224,489		224,489
Additions	987		987
At 31 August 2025	225,476		225,476
Accumulated depreciation
At 01 September 2024	152,167		152,167
Charge for the financial year	14,644		14,644
At 31 August 2025	166,811		166,811
Net book value
At 31 August 2025	58,665		58,665
At 31 August 2024	72,322		72,322

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	130,000
As at 31 August 2025	130,000

Investment properties were valued at 31 August 2025 by the director on an open market value basis

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	115,093		115,093

5. Debtors

	2025		2024
	£		£
Trade debtors	9,390		15,269
Prepayments	2,307		2,112
VAT recoverable	1,074		2,385
	12,771		19,766

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	35,591		36,217
Amounts owed to director	11,205		5,029
Accruals	5,085		5,825
Taxation and social security	20,751		45,896
Obligations under finance leases and hire purchase contracts (secured)	9,874		8,773
Other creditors	571		344
	83,077		102,084

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	44,512		54,386

The hire purchase contracts are secured on the assets to which they relate

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	14,000		14,000
between one and five years	0		14,000
Total future minimum lease payments under non-cancellable operating leases	14,000		28,000