REGISTERED NUMBER: 15324740 (England and Wales)

STAMFORD OPTICAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Jones

M D Loizos

D M D Taylor

REGISTERED OFFICE:

87 Redlands Road

Penarth

Vale Of Glamorgan

CF64 2WF

REGISTERED NUMBER:

15324740 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

86,532

96,290

Tangible assets

5

92,400

38,095

178,932

134,385

CURRENT ASSETS

Stocks

28,551

10,000

Debtors

6

50,016

17,755

Cash at bank

43,329

14,079

121,896

41,834

CREDITORS

Amounts falling due within one year

7

189,770

121,244

NET CURRENT LIABILITIES

(67,874

)

(79,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,058

54,975

CREDITORS

Amounts falling due after more than one year

8

(67,475

)

(51,261

)

PROVISIONS FOR LIABILITIES

(23,100

)

(3,243

)

NET ASSETS

20,483

471

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

20,383

371

SHAREHOLDERS' FUNDS

20,483

471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th June 2026 and were signed on its behalf by:

M D Loizos - Director

1.	STATUTORY INFORMATION

Stamford Optical 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 2024, 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.

Leasehold premises are being amortised evenly over their estimated useful life of twelve years.

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

-

Straight line over 7 years

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 Profit and Loss, 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 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

87,806

11,737

99,543

AMORTISATION

At 1st January 2025

2,927

326

3,253

Charge for year

8,780

978

9,758

At 31st December 2025

11,707

1,304

13,011

NET BOOK VALUE

At 31st December 2025

76,099

10,433

86,532

At 31st December 2024

84,879

11,411

96,290

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2025

40,000

Additions

68,075

At 31st December 2025

108,075

DEPRECIATION

At 1st January 2025

1,905

Charge for year

13,770

At 31st December 2025

15,675

NET BOOK VALUE

At 31st December 2025

92,400

At 31st December 2024

38,095

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

Plant and

machinery

£

COST

Additions

66,250

At 31st December 2025

66,250

DEPRECIATION

Charge for year

7,887

At 31st December 2025

7,887

NET BOOK VALUE

At 31st December 2025

58,363

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

42,133

9,250

Prepayments

7,883

8,505

50,016

17,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

29,292

29,292

Hire purchase contracts

11,824

-

Trade creditors

5,858

20,808

Corporation Tax

43,293

-

Social security and other taxes

2,681

1,197

VAT

905

845

Other creditors

-

131

Directors' current accounts

82,708

61,065

Accruals and deferred income

13,209

7,906

189,770

121,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-3 years

21,969

51,261

Hire purchase contracts

45,506

-

67,475

51,261

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

NIL

Ordinary Shares

£1

-

100

50

Ordinary A

£1

50

-

25

Ordinary B

£1

25

-

25

Ordinary C

£1

25

-

100

100