REGISTERED NUMBER: SC364318 (Scotland)

Unaudited Financial Statements for the Year Ended 29 August 2025

for

MJ Optical Ltd.

For Eyes Opticians

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

210,296

214,342

CURRENT ASSETS

Stocks

38,000

37,800

Debtors

5

59,618

59,829

Cash at bank and in hand

217,189

190,540

314,807

288,169

CREDITORS

Amounts falling due within one year

6

(198,718

)

(178,367

)

NET CURRENT ASSETS

116,089

109,802

TOTAL ASSETS LESS CURRENT LIABILITIES

326,385

324,144

PROVISIONS FOR LIABILITIES

(51,781

)

(52,639

)

NET ASSETS

274,604

271,505

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

274,598

271,499

274,604

271,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

Mr P S Bates - Director

1.	STATUTORY INFORMATION

MJ Optical Limited is a private company, limited by shares, domiciled in Scotland, registration number SC364318. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the point at which the goods are delivered or the service is complete. Turnover which has been recognised but not invoiced by the balance sheet date is included within debtors.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 August 2024

475,950

Additions

43,993

Disposals

(20,742

)

At 29 August 2025

499,201

DEPRECIATION

At 30 August 2024

261,608

Charge for year

42,844

Eliminated on disposal

(15,547

)

At 29 August 2025

288,905

NET BOOK VALUE

At 29 August 2025

210,296

At 29 August 2024

214,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.8.25

29.8.24

£

£

Trade debtors

37,500

34,500

Amounts owed by related parties

20,118

14,651

Other debtors

2,000

10,678

59,618

59,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.8.25

29.8.24

£

£

Trade creditors

12,500

11,648

Amounts owed to related parties

63,129

38,610

Taxation and social security

52,534

54,015

Other creditors

70,555

74,094

198,718

178,367

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

29.8.25

29.8.24

£

£

Within one year

-

19,230

8.	RELATED PARTY DISCLOSURES

At the year end, the company was owed the following amounts by companies under common control of the directors:

Carhar Ltd: £5,058 (2024: £2,923)

Falkirk Optical Ltd: £5,048 (2024:£3,903)

Lensmatic Ltd: £6,770 (2024: £4,583)

The Domiciliary Falkirk Ltd: £1,638 (2024: £1,638)

The CPD Falkirk Ltd: £1,604 (2024: £1,604)

At the year end, the company owed the following amounts to companies under common control of the directors:

Suesaid Ltd: £31,369 (2024: £19,600)

Chloesaid Ltd: £31,760 (2024: £19,010)

During the year under review, the company paid the following amounts to the following companies under common control of the directors:

Suesaid Ltd - Rent: £6,469 (2024: £8,000)

Chloesaid Ltd - Rent: £12,000 (2024: £12,000)

The Domiciliary Falkirk Ltd - Consultancy fees: £18,248 (2024: £nil).

During the year under review, the company paid the following amounts to close family members of the directors:

Rent: £24,000 (2024: £24,000).