REGISTERED NUMBER: 11074360 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

INDEPENDENT EYEWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J.S. Deane-Armstrong

SECRETARY:

REGISTERED OFFICE:

6 Rivermead Close

Addlestone

Surrey

KT15 2DR

REGISTERED NUMBER:

11074360 (England and Wales)

ACCOUNTANTS:

R.T. Cruse

Accountancy Services Limited

15 St Leonards Road

Epsom Downs

Surrey

KT18 5RG

FIXED ASSETS

Tangible assets

4

8,831

12,169

CURRENT ASSETS

Debtors

5

1,844

9,612

Cash at bank

57,524

36,175

59,368

45,787

CREDITORS

Amounts falling due within one year

6

15,975

12,940

NET CURRENT ASSETS

43,393

32,847

TOTAL ASSETS LESS CURRENT LIABILITIES

52,224

45,016

CREDITORS

Amounts falling due after more than one year

7

5,215

8,190

NET ASSETS

47,009

36,826

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

47,008

36,825

SHAREHOLDERS' FUNDS

47,009

36,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3rd June 2026 and were signed by:

J.S. Deane-Armstrong - Director

1.	STATUTORY INFORMATION

Independent Eyewear Ltd 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.

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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st December 2024

15,700

1,583

17,283

Disposals

-

(400

)

(400

)

At 30th November 2025

15,700

1,183

16,883

DEPRECIATION

At 1st December 2024

3,925

1,189

5,114

Charge for year

2,944

394

3,338

Eliminated on disposal

-

(400

)

(400

)

At 30th November 2025

6,869

1,183

8,052

NET BOOK VALUE

At 30th November 2025

8,831

-

8,831

At 30th November 2024

11,775

394

12,169

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

Motor

vehicles

£

COST

At 1st December 2024

and 30th November 2025

15,700

DEPRECIATION

At 1st December 2024

3,925

Charge for year

2,944

At 30th November 2025

6,869

NET BOOK VALUE

At 30th November 2025

8,831

At 30th November 2024

11,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,844

7,014

Other debtors

-

2,598

1,844

9,612

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

353

4,520

Hire purchase contracts

3,462

3,462

Taxation and social security

11,519

3,788

Other creditors

641

1,170

15,975

12,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,215

8,190