Acorah Software Products - Accounts Production 19.2.450 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 07433325 Mr J Singh Mrs K Kaur iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07433325 2024-11-30 07433325 2025-11-30 07433325 2024-12-01 2025-11-30 07433325 frs-core:CurrentFinancialInstruments 2025-11-30 07433325 frs-core:Non-currentFinancialInstruments 2025-11-30 07433325 frs-core:BetweenOneFiveYears 2025-11-30 07433325 frs-core:ComputerEquipment 2025-11-30 07433325 frs-core:ComputerEquipment 2024-12-01 2025-11-30 07433325 frs-core:ComputerEquipment 2024-11-30 07433325 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-01 2025-11-30 07433325 frs-core:FurnitureFittings 2025-11-30 07433325 frs-core:FurnitureFittings 2024-12-01 2025-11-30 07433325 frs-core:FurnitureFittings 2024-11-30 07433325 frs-core:NetGoodwill 2025-11-30 07433325 frs-core:NetGoodwill 2024-12-01 2025-11-30 07433325 frs-core:NetGoodwill 2024-11-30 07433325 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-11-30 07433325 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 07433325 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 07433325 frs-core:OtherResidualIntangibleAssets 2025-11-30 07433325 frs-core:OtherResidualIntangibleAssets 2024-12-01 2025-11-30 07433325 frs-core:OtherResidualIntangibleAssets 2024-11-30 07433325 frs-core:PlantMachinery 2025-11-30 07433325 frs-core:PlantMachinery 2024-12-01 2025-11-30 07433325 frs-core:PlantMachinery 2024-11-30 07433325 frs-core:WithinOneYear 2025-11-30 07433325 frs-core:ShareCapital 2025-11-30 07433325 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 07433325 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 07433325 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 07433325 frs-bus:SmallEntities 2024-12-01 2025-11-30 07433325 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 07433325 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 07433325 frs-bus:Director1 2024-12-01 2025-11-30 07433325 frs-bus:Director2 2024-12-01 2025-11-30 07433325 frs-core:CurrentFinancialInstruments 1 2025-11-30 07433325 frs-core:Non-currentFinancialInstruments 5 2025-11-30 07433325 frs-countries:EnglandWales 2024-12-01 2025-11-30 07433325 2023-11-30 07433325 2024-11-30 07433325 2023-12-01 2024-11-30 07433325 frs-core:CurrentFinancialInstruments 2024-11-30 07433325 frs-core:Non-currentFinancialInstruments 2024-11-30 07433325 frs-core:BetweenOneFiveYears 2024-11-30 07433325 frs-core:WithinOneYear 2024-11-30 07433325 frs-core:ShareCapital 2024-11-30 07433325 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07433325 frs-core:CurrentFinancialInstruments 1 2024-11-30 07433325 frs-core:Non-currentFinancialInstruments 5 2024-11-30
Registered number: 07433325
JK Opticians Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
SWB Business Solutions Ltd
1st Floor Office
105 Church Street
Tewkesbury
Gloucestershire
GL20 5AB
JK Opticians Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
JK Opticians Ltd
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 07433325

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 224,693 |  | 292,887
Tangible Assets | 5 |  | 62,414 |  | 71,864
|  |  | 287,107 |  | 364,751
CURRENT ASSETS
Stocks | 6 | 45,000 |  | 45,000 |
Debtors | 7 | 93,601 |  | 112,337 |
Cash at bank and in hand |  | 94,302 |  | 162,094 |
|  | 232,903 |  | 319,431 |
Creditors: Amounts Falling Due Within One Year | 8 | (27,952 ) |  | (13,856 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 204,951 |  | 305,575
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 492,058 |  | 670,326
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (454,851 ) |  | (536,828 )
NET ASSETS |  |  | 37,207 |  | 133,498
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Profit and Loss Account |  |  | 37,107 |  | 133,398
SHAREHOLDERS' FUNDS |  |  | 37,207 |  | 133,498

Page 1
Page 2
JK Opticians Ltd
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr J Singh Director
29 June 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
JK Opticians Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
JK Opticians Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07433325 . The registered office is 108 Hagley Road , Oldswinford, Stourbridge, West Midlands , DY8 1QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 25% straight line
Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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JK Opticians Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company provides pension benefits for senior employees. Amounts payable are charged to the profit and loss account in the year as a constructive obligation existed at 30th November 2024. This obligation was satisfied within 9 months of the year end by the company entering into the contract with the employee. The number of directors to whom pension benefits are accruing under this pension agreement is 1 (2023:0).
The contributions and potential liabilities of the company in respect of the pension agreement are fixed at least until the date of retirement of the employee which is over 10 years from the end date.
Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors are of the opinion the it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary in order to understand the nature and measurement of the liability.
The directors are also of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected, at this stage, to be paid in the future to settle the pension agreement liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 5)
3 5
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JK Opticians Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 681,923 | 8 | 681,931
As at 30 November 2025 | 681,923 | 8 | 681,931
Amortisation
As at 1 December 2024 | 389,041 | 3 | 389,044
Provided during the period | 68,192 | 2 | 68,194
As at 30 November 2025 | 457,233 | 5 | 457,238
Net Book Value
As at 30 November 2025 | 224,690 | 3 | 224,693
As at 1 December 2024 | 292,882 | 5 | 292,887

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 December 2024 | 44,704 | 106,285 | 4,641 | 1,691 | 157,321
Additions | - | - | 13,430 | - | 13,430
As at 30 November 2025 | 44,704 | 106,285 | 18,071 | 1,691 | 170,751
Depreciation
As at 1 December 2024 | 24,583 | 58,396 | 2,055 | 423 | 85,457
Provided during the period | 6,707 | 11,852 | 4,004 | 317 | 22,880
As at 30 November 2025 | 31,290 | 70,248 | 6,059 | 740 | 108,337
Net Book Value
As at 30 November 2025 | 13,414 | 36,037 | 12,012 | 951 | 62,414
As at 1 December 2024 | 20,121 | 47,889 | 2,586 | 1,268 | 71,864

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 45,000 |  | 45,000

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JK Opticians Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 12,100 |  | 30,263
Other debtors | - |  | 10,000
VAT | 7,166 |  | 3,208
Other taxes and social security | 473 |  | 499
| 19,739 |  | 43,970
Due after more than one year
Other debtors | 73,862 |  | 68,367
| 93,601 |  | 112,337

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 5,819 |  | 5,353
Trade creditors | 2,079 |  | (8,118 )
Corporation tax | 18,022 |  | 14,202
Other creditors | 22 |  | -
Other creditors (1) | 197 |  | -
Accruals and deferred income | 1,500 |  | -
Directors' loan accounts | 313 |  | 2,419
| 27,952 |  | 13,856

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 24,079 |  | 29,898
Bank loans | 50,772 |  | 126,930
Other provisions | 380,000 |  | 380,000
| 454,851 |  | 536,828

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 5,819 |  | 5,353
Later than one year and not later than five years | 24,079 |  | 29,898
| 29,898 |  | 35,251
| 29,898 |  | 35,251

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JK Opticians Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Pension Commitments
The company provided pension benefits in respect of a senior employee. Amounts payable are
charged to the profit and loss account in the year as a constructive obligation existed at 30th
November 2022. This obligation was satisfied within 9 months of the year end by the company
entering into the contract with the employee. The number of directors to whom pension
benefits are accruing under this pension agreement is 1 (2019: 1).
The contributions and potential liabilities of the company in respect of the pension agreement
are fixed at least until the date of retirement of the employee which is over 12 years from the
year end date.
Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined
benefit scheme, the directors are of the opinion that it does not bear any of the hallmarks of
what is usually considered to be a defined benefit scheme and therefore no further disclosures
are considered necessary in order to understand the nature and measurement of the liability.
The directors are also of the opinion that the liability as disclosed in the financial statements
represents the full and final amount which could be expected, at this stage, to be paid in the
future to settle the pension agreement liabilities.
13. Directors Advances, Credits and Guarantees
The company entered into a contract with Mr J Singh within 9 months of the year end to satisfy
a constructive obligation that existed at the year-end of 30th November 2022 to provide a
pension upon Mr J Singh’s retirement at a future date. No payments have been made and no
funds are either earmarked or held in trust or otherwise designated by the company for the
purpose of providing the pension. The pension may be paid either by the company by reference
to an annuity that may be purchased on the open market at or around the date of retirement for
a specified sum of money (calculated in accordance with the terms of the contract) or
purchased from a third party annuity provider of a sum equal to that specified sum of money
or a combination thereof.
The pension arrangement is in the form of an unfunded retirement benefit scheme. The
company has recognised the cost of the employee benefits and recorded in the profit and loss
of the company under Section 28 of FRS102 "Employee Benefits". The contractual obligation
between the company and Mr J Singh is a present obligation that has arisen from a past event
and such obligation can be reliably measured. As such a corresponding deduction has been
claimed in the company's corporation tax computation for this obligation.
The contract, which is not a registered pension scheme, provides only for the payment of a
pension or at the option of the company a purchased annuity. No other benefits are provided.
The amounts provided for in respect of the year ended 30th November 2022 in respect of the
provision of a pension for Mr J Singh was £150,000 which is broken down as to a provision
of £124,518 for the current year plus indexation of £25,482 as calculated for a previous year’s
award and as provided for in that years pension agreement. The total balance as at 30th
November 2022 of the pension awards and indexation thereon stands at £255,000.
The provision has been made wholly and exclusively for the purpose of the company's trading
activities and therefore the provisions of section 54 CTA 2009 do not apply. Section 1288 CTA
2009 does not apply as the provision is not and does not relate to remuneration as defined by
section 1289 CTA 2009. Section 1290 CTA 2009 prevents deductions in respect of "employee
benefit contributions", where property is "held or may be used" as defined by section 1291
CTA 2009 for the benefit of an employee, no funds are held specifically for the purpose of
fulfilling the company's obligations under the pension agreement with Mr J Singh therefore
section 1290 CTA 2009 does not apply
Section 246 FA 2004 and 246A FA 2004 deny relief for provisions made by an employer in
relation to non-registered pension schemes providing relevant benefits. However, they are not
applicable in this case as no relevant benefits as defined by section 393(B) ITEPA 2003 are to
be paid and furthermore the contract does not provide for the payment of relevant benefits.
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