REGISTERED NUMBER: 01531959 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MID-OPTIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G Hardy

Dr N J Master

SECRETARY:

Dr N J Master

REGISTERED OFFICE:

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

REGISTERED NUMBER:

01531959 (England and Wales)

AUDITORS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

37,610

46,420

37,610

46,420

CURRENT ASSETS

Stocks

514,516

538,115

Debtors

6

1,237,581

1,461,384

Cash at bank and in hand

2,767,415

1,699,993

4,519,512

3,699,492

CREDITORS

Amounts falling due within one year

7

1,417,467

1,481,068

NET CURRENT ASSETS

3,102,045

2,218,424

TOTAL ASSETS LESS CURRENT LIABILITIES

3,139,655

2,264,844

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,139,555

2,264,744

3,139,655

2,264,844

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

Dr N J Master - Director

1.	STATUTORY INFORMATION

Mid-Optic Limited is a private company, limited by shares, registered in England and Wales. Its registered office is Church View Chambers, 38 Market Square, Toddington, Dunstable, Bedfordshire, LU5 6BS.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

86,000

AMORTISATION

At 1 September 2024

and 31 August 2025

86,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

231,731

71,815

303,546

DEPRECIATION

At 1 September 2024

203,774

53,352

257,126

Charge for year

4,194

4,616

8,810

At 31 August 2025

207,968

57,968

265,936

NET BOOK VALUE

At 31 August 2025

23,763

13,847

37,610

At 31 August 2024

27,957

18,463

46,420

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

71,815

DEPRECIATION

At 1 September 2024

53,352

Charge for year

4,616

At 31 August 2025

57,968

NET BOOK VALUE

At 31 August 2025

13,847

At 31 August 2024

18,463

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

1,221,328

1,449,157

Other debtors

16,253

12,227

1,237,581

1,461,384

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

893,941

911,128

Amounts owed to group undertakings

232,826

227,636

Taxation and social security

220,303

282,512

Other creditors

70,397

59,792

1,417,467

1,481,068

8.	LEASING AGREEMENTS

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

31.8.25

31.8.24

£

£

Within one year

86,335

86,335

Between one and five years

122,308

208,643

208,643

294,978

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert W Brown (Senior Statutory Auditor)

for and on behalf of Landers Accountants Ltd

10.	PARENT COMPANY

The parent company is Exochrome Holdings Limited, and its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.

The ultimate parent company is Exochrome Group Holdings Limited whose registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.