REGISTERED NUMBER: SC482853 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Eyeworks Opticians Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Jenny-lee Kelly

Philip Kelly

REGISTERED OFFICE:

5 Rosegarth Drive

Newton Mearns

Glasgow

G77 6WF

REGISTERED NUMBER:

SC482853 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

-

8,690

Tangible assets

5

100,445

99,710

100,445

108,400

CURRENT ASSETS

Stock

8,600

8,450

Debtors

6

25,210

23,372

Cash at bank

23,189

28,400

56,999

60,222

CREDITORS

Amounts falling due within one year

7

24,525

23,853

NET CURRENT ASSETS

32,474

36,369

TOTAL ASSETS LESS CURRENT LIABILITIES

132,919

144,769

CREDITORS

Amounts falling due after more than one year

8

(113,777

)

(142,583

)

PROVISIONS FOR LIABILITIES

9

(11,906

)

(8,655

)

NET ASSETS/(LIABILITIES)

7,236

(6,469

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

7,234

(6,471

)

SHAREHOLDERS' FUNDS

7,236

(6,469

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

Mrs Jenny-lee Kelly - Director

1.	STATUTORY INFORMATION

Eyeworks Opticians Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014 and 2016, is being amortised evenly over its useful life of ten 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.

Heritable property

-

2% on cost

Fittings and equipment

-

10% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

227,117

AMORTISATION

At 1 April 2025

218,427

Amortisation for year

8,690

At 31 March 2026

227,117

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

8,690

5.	TANGIBLE FIXED ASSETS

Improvements

Fittings

Heritable

to

and

Motor

property

property

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

66,857

13,538

51,897

49,080

181,372

Additions

-

-

12,592

-

12,592

At 31 March 2026

66,857

13,538

64,489

49,080

193,964

DEPRECIATION

At 1 April 2025

12,698

5,416

39,597

23,951

81,662

Charge for year

1,337

1,354

4,140

5,026

11,857

At 31 March 2026

14,035

6,770

43,737

28,977

93,519

NET BOOK VALUE

At 31 March 2026

52,822

6,768

20,752

20,103

100,445

At 31 March 2025

54,159

8,122

12,300

25,129

99,710

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

25,100

23,040

Other debtors

110

332

25,210

23,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

10,042

10,000

Trade creditors

3,085

455

Taxation and social security

5,988

9,972

Other creditors

5,410

3,426

24,525

23,853

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

9,998

Other creditors

113,777

132,585

113,777

142,583

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

11,906

8,655

Deferred

tax

£

Balance at 1 April 2025

8,655

Provided during year

3,251

Balance at 31 March 2026

11,906

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2