IRIS Accounts Production v26.1.10.60 02279715 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02279715 2025-03-31 02279715 2026-03-31 02279715 2025-04-01 2026-03-31 02279715 2024-03-31 02279715 2024-04-01 2025-03-31 02279715 2025-03-31 02279715 ns15:EnglandWales 2025-04-01 2026-03-31 02279715 ns14:PoundSterling 2025-04-01 2026-03-31 02279715 ns10:Director1 2025-04-01 2026-03-31 02279715 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02279715 ns10:SmallEntities 2025-04-01 2026-03-31 02279715 ns10:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 02279715 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 02279715 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02279715 ns10:AbridgedAccounts 2025-04-01 2026-03-31 02279715 1 2025-04-01 2026-03-31 02279715 ns10:Director2 2025-04-01 2026-03-31 02279715 ns10:Director3 2025-04-01 2026-03-31 02279715 ns10:CompanySecretary1 2025-04-01 2026-03-31 02279715 ns10:RegisteredOffice 2025-04-01 2026-03-31 02279715 ns5:CurrentFinancialInstruments 2026-03-31 02279715 ns5:CurrentFinancialInstruments 2025-03-31 02279715 ns5:Non-currentFinancialInstruments 2026-03-31 02279715 ns5:Non-currentFinancialInstruments 2025-03-31 02279715 ns5:ShareCapital 2026-03-31 02279715 ns5:ShareCapital 2025-03-31 02279715 ns5:SharePremium 2026-03-31 02279715 ns5:SharePremium 2025-03-31 02279715 ns5:CapitalRedemptionReserve 2026-03-31 02279715 ns5:CapitalRedemptionReserve 2025-03-31 02279715 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 02279715 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02279715 ns5:NetGoodwill 2025-04-01 2026-03-31 02279715 ns5:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 02279715 ns5:LeaseholdImprovements 2025-04-01 2026-03-31 02279715 ns5:FurnitureFittings 2025-04-01 2026-03-31

REGISTERED NUMBER: 02279715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Chapman Opticians Ltd

Chapman Opticians Ltd (Registered number: 02279715)

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Accountants' Report | 7 |

Chapman Opticians Ltd

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | A M Chapman

| J H Chapman

| Mrs S A Edmonds

| SECRETARY: | Mrs S A Edmonds

| REGISTERED OFFICE: | 1 Aston Court

| Bromsgrove Technology Park

| Bromsgrove

| Worcestershire

| B60 3AL

| REGISTERED NUMBER: | 02279715 (England and Wales)

| ACCOUNTANTS: | Kenneth Morris Limited

| 1 Aston Court

| Bromsgrove Technology Park

| Bromsgrove

| Worcestershire

| B60 3AL

Chapman Opticians Ltd (Registered number: 02279715)

Abridged Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 211,960 |  | 247,365 |  |

211,960 |  | 247,365 |  |

CURRENT ASSETS

Stocks | 100,782 |  | 85,364 |  |

Debtors | 103,947 |  | 119,584 |  |

Cash at bank and in hand | 187,788 |  | 115,398 |  |

392,517 |  | 320,346 |  |

CREDITORS

Amounts falling due within one year | 197,487 |  | 188,783 |  |

NET CURRENT ASSETS | 195,030 |  | 131,563 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 406,990 |  | 378,928 |  |

CREDITORS

Amounts falling due after more than one year | (67,191 | ) | (106,457 | ) |

PROVISIONS FOR LIABILITIES | (33,581 | ) | (20,199 | ) |

NET ASSETS | 306,218 |  | 252,272 |  |

CAPITAL AND RESERVES

Called up share capital | 82,318 |  | 82,318 |  |

Share premium | 90,565 |  | 90,565 |  |

Capital redemption reserve | 28,377 |  | 28,377 |  |

Retained earnings | 104,958 |  | 51,012 |  |

306,218 |  | 252,272 |  |

Chapman Opticians Ltd (Registered number: 02279715)

Abridged Balance Sheet - continued

31 March 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 July 2026 and were signed on its behalf by:

A M Chapman - Director

Chapman Opticians Ltd (Registered number: 02279715)

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Chapman Opticians 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty 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.

| Improvements to property | - | 15% on cost

| Fixtures and fittings | - | 15% on cost

| 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.

Chapman Opticians Ltd (Registered number: 02279715)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight-line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

| Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Where no lease is in place, the rentals are charges to the profit and loss account as and when paid.

| The benefits of lease incentives are recognised in profit and loss account over the lease period.

| 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 28 (2025 - 28 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 228,011 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 228,011 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

Chapman Opticians Ltd (Registered number: 02279715)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2025 | 863,287 |  |

| Additions | 31,727 |  |

| Disposals | (45,317 | ) |

| At 31 March 2026 | 849,697 |  |

| DEPRECIATION

| At 1 April 2025 | 615,922 |  |

| Charge for year | 67,132 |  |

| Eliminated on disposal | (45,317 | ) |

| At 31 March 2026 | 637,737 |  |

| NET BOOK VALUE

| At 31 March 2026 | 211,960 |  |

| At 31 March 2025 | 247,365 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Hire purchase contracts and finance leases | 126,003 |  | 164,868 |  |

| The company overdraft facility is secured by a standard debenture in favour of Barclays Bank Limited and on a property owned by a director.

| Hire purchase contracts and finance leases are secured against the assets to which they relate to.

7. | CONTINGENT LIABILITIES

| There were no material contingent liabilities at the year end.

8. | POST BALANCE SHEET EVENTS

| There were no material post balance sheet events.

Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Chapman Opticians Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chapman Opticians Ltd for the period ended 31 March 2026 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Chapman Opticians Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chapman Opticians Ltd and state those matters that we have agreed to state to the Board of Directors of Chapman Opticians Ltd as a body.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chapman Opticians Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chapman Opticians Ltd You consider that Chapman Opticians Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Chapman Opticians Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

1 July 2026