Eyeworks Industries Group Limited


EYEWORKS INDUSTRIES GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2026



































Company Registration Number: 16295865

EYEWORKS INDUSTRIES GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

EYEWORKS INDUSTRIES GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD ENDED 31 MARCH 2026


DIRECTORS

Ms F Cuthbert
Mr D J Denholm


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

54 North End
Alnwick
Northumberland
NE66 3JP


COMPANY REGISTRATION NUMBER

16295865 England and Wales

EYEWORKS INDUSTRIES GROUP LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026
		£

FIXED ASSETS
Tangible assets	5		11,827
Investments	6		240


			12,067

CURRENT ASSETS
Debtors	7	20,730
Cash at bank and in hand		124,894


		145,624

CREDITORS: Amounts falling due within one year	8	142,797
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			2,827


NET ASSETS			14,894


CAPITAL AND RESERVES
Called up share capital			360
Distributable profit and loss account			14,534


SHAREHOLDERS' FUNDS			14,894

EYEWORKS INDUSTRIES GROUP LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Mr D J Denholm						Ms F Cuthbert
Director						Director

Date approved by the board: 22 June 2026

EYEWORKS INDUSTRIES GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Eyeworks Industries Group Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	54 North End
	Alnwick
	Northumberland
	NE66 3JP

	The company incorporated on 5 March 2025.

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Motor vehicles					25% reducing balance basis per annum
	Office equipment					20% straight line basis per annum
	Leasehold improvements					16.7% straight line basis per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

EYEWORKS INDUSTRIES GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

	Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

EYEWORKS INDUSTRIES GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the period was:

		2026
	Average number of employees	2

EYEWORKS INDUSTRIES GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


5	TANGIBLE ASSETS
		Motor vehicles	Office equipment	Leasehold improvements			Total
		£	£		£		£
	Cost
	Additions	9,029	2,835		2,514		14,378


	At 31 March 2026	9,029	2,835		2,514		14,378


	Accumulated depreciation and impairments
	Charge for period	1,975	331		245		2,551


	At 31 March 2026	1,975	331		245		2,551


	Net book value
	At 31 March 2026	7,054	2,504		2,269		11,827


6	FIXED ASSET INVESTMENTS
						Investment in subsidiaries
							£
	Cost
	Additions						240


	At 31 March 2026						240


	Net book value
	At 31 March 2026						240


7	DEBTORS
							2026
							£
	Other debtors						20,730


8	CREDITORS: Amounts falling due within one year
							2026
							£
	Trade creditors						940
	Accruals and deferred income						2,000
	Other creditors						139,857


							142,797

EYEWORKS INDUSTRIES GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


9	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the period:

		Balance at 5 March 2025	Amounts advanced	Amounts repaid	Balance at 31 March 2026
		£	£	£	£
	Ms F Cuthbert	-	26,102	22,771	3,331
	Mr D J Denholm	-	43,157	29,735	13,422


		-	69,259	52,506	16,753

	One of these advances is interest free and repayable on demand.

	Interest has been charged on one of these advances at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. This advance is repayable on demand.


10	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Eyeworks Industries Limited	Subsidiary
	Eyeworks Group Limited	Subsidiary

	During the period, the following transactions with related parties took place:

	Airspace Limited
	Company under common control		2026
			£
	Loan to company under common control		491


	This loan is interest free and repayable on demand.

	Asia Inflatables Limited
	Company under common control		2026
			£
	Loan to company under common control		930


	This loan is interest free and repayable on demand.