REGISTERED NUMBER: SC439229 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Simpson Optometrists Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Sandie McGregor

Registered office:

168-172 Cumbernauld Road

Muirhead

Glasgow

Lanarkshire

G69 9NB

Registered number:

SC439229 (Scotland)

Accountants:

Total Accounting Ltd.

10 Moncrieff Street

Paisley

PA3 2BE

Bankers:

Santander UK plc

Customer Services Centre

Bootle

Merseyside

L30 4GB

Fixed assets

Intangible assets

3

5,000

15,000

Tangible assets

4

205,522

209,526

210,522

224,526

Current assets

Stocks

27,550

27,550

Debtors

5

9,314

7,433

Cash at bank

39,325

51,198

76,189

86,181

Creditors

Amounts falling due within one year

6

(84,865

)

(90,998

)

Net current liabilities

(8,676

)

(4,817

)

Total assets less current liabilities

201,846

219,709

Creditors

Amounts falling due after more than one year

7

(92,186

)

(112,829

)

Net assets

109,660

106,880

Capital and reserves

Called up share capital

1,680

1,680

Share premium

76,200

76,200

Capital redemption reserve

420

420

Retained earnings

31,360

28,580

109,660

106,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 19 May 2026 and were signed by:

Sandie McGregor - Director

1.	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 2017, is being amortised evenly over its estimated 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on cost

Stocks

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

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.

2.	Employees and directors

The average number of employees during the year was 5 (2025 - 5 ) .

3.	Intangible fixed assets

Goodwill

£

Cost

At 1 March 2025

and 28 February 2026

100,000

Amortisation

At 1 March 2025

85,000

Charge for year

10,000

At 28 February 2026

95,000

Net book value

At 28 February 2026

5,000

At 28 February 2025

15,000

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 March 2025

and 28 February 2026

208,672

27,450

236,122

Depreciation

At 1 March 2025

2,835

23,761

26,596

Charge for year

315

3,689

4,004

At 28 February 2026

3,150

27,450

30,600

Net book value

At 28 February 2026

205,522

-

205,522

At 28 February 2025

205,837

3,689

209,526

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

4,075

3,578

Other debtors

5,239

3,855

9,314

7,433

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

11,806

15,478

Amounts owed to shareholder

13,252

10,383

Taxation and social security

39,541

37,831

Other creditors

20,266

27,306

84,865

90,998

7.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

92,186

110,600

Other creditors

-

2,229

92,186

112,829

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

56,718

88,696