REGISTERED NUMBER: 05215158 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Donovan Smith Opticians Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Foulds

Ms M Foulds

Ms C Foulds

Mr P A Champaneri

SECRETARY:

Ms C Foulds

REGISTERED OFFICE:

7 Bethel Street

Brighouse

West Yorkshire

HD6 1JR

REGISTERED NUMBER:

05215158 (England and Wales)

ACCOUNTANTS:

BK Plus Ltd

Abacus House

Pennine Business Park

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

158,701

190,795

158,701

190,795

CURRENT ASSETS

Stocks

6

92,239

64,442

Debtors

7

124,970

76,718

Cash at bank and in hand

321,299

268,864

538,508

410,024

CREDITORS

Amounts falling due within one year

8

267,944

254,022

NET CURRENT ASSETS

270,564

156,002

TOTAL ASSETS LESS CURRENT LIABILITIES

429,265

346,797

CREDITORS

Amounts falling due after more than one year

9

(9,249

)

(29,130

)

PROVISIONS FOR LIABILITIES

(29,317

)

(35,600

)

NET ASSETS

390,699

282,067

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

390,599

281,967

SHAREHOLDERS' FUNDS

390,699

282,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 12 May 2026 and were signed on its behalf by:

Mr R Foulds - Director

Ms C Foulds - Director

Ms M Foulds - Director

1.	STATUTORY INFORMATION

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

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 2005, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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

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

520,000

AMORTISATION

At 1 September 2024

and 31 August 2025

520,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

274,469

271,638

15,961

562,068

Additions

996

395

7,981

9,372

At 31 August 2025

275,465

272,033

23,942

571,440

DEPRECIATION

At 1 September 2024

167,173

190,428

13,672

371,273

Charge for year

26,883

12,237

2,346

41,466

At 31 August 2025

194,056

202,665

16,018

412,739

NET BOOK VALUE

At 31 August 2025

81,409

69,368

7,924

158,701

At 31 August 2024

107,296

81,210

2,289

190,795

Included within the net book value above is £30,073 (2024 - £40,098), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £10,024 (2024 - £21,759).

Included within the net book value above is £41,433 (2024 - £49,708), which relates to assets held under finance lease agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £8,275 (2024 - £22,820).

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

92,239

64,442

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

83,064

39,852

Other debtors

41,906

36,866

124,970

76,718

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases (see note 10)

19,882

39,311

Trade creditors

30,553

78,559

Taxation and social security

207,921

124,097

Other creditors

9,588

12,055

267,944

254,022

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases (see note 10)

9,249

29,130

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.8.25

31.8.24

31.8.25

31.8.24

£

£

£

£

Net obligations repayable:

Within one year

16,111

39,311

3,771

-

Between one and five years

9,249

29,130

-

-

25,360

68,441

3,771

-

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

1,477

-

Between one and five years

738

-

2,215

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts and finance leases

29,131

68,441

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors, due within one year, is a loan from the director of £8 (2024: £200). The loan is interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Foulds.