Murdoch Optical Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04571349

Murdoch Optical Ltd

Unaudited financial statements

31 December 2025

Murdoch Optical Ltd

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		38,067		36,831

Current assets

Stocks		55,837	52,384
Debtors	7	9,125	10,952
Cash at bank and in hand		37,554	43,248
		---------	---------
		102,516	106,584

Prepayments and accrued income	5,138		5,093

Creditors: Amounts falling due within one year	8	( 38,727)		( 33,918)
		---------		---------
Net current assets			68,927		77,759
			---------		---------
Total assets less current liabilities			106,994		114,590

Provisions

Taxation including deferred tax		( 8,143)		( 7,844)

Accruals and deferred income	( 5,085)	( 4,815)
	---------	---------
Net assets	93,766	101,931
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	93,666	101,831
	-------	---------
Shareholders funds	93,766	101,931
	-------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Murdoch Optical Ltd

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 22 July 2026 , and are signed on behalf of the board by:

Mr I A Murdoch
Director

Company registration number: 04571349

Murdoch Optical Ltd

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB. The trading address is 4 The Street, Poringland, Norwich, NR14 7JR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Fully amortised

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. The directors have reviewed the useful life of goodwill in light of transition to FRS 102 but feel that the current estimate is still appropriate.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	10% straight line
Fixtures & Fittings	-	15% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Average number of employees

The average number of employees during the year was 6 (2024: 6 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	160,000
	---------
Amortisation
At 1 January 2025 and 31 December 2025	160,000
	---------
Carrying amount
At 31 December 2025	–
	---------
At 31 December 2024	–
	---------

6. Tangible assets

	Leasehold improvemnts	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	23,820	2,989	26,114	52,923
Additions	–	–	7,045	7,045
	-------	------	-------	-------
At 31 December 2025	23,820	2,989	33,159	59,968
	-------	------	-------	-------
Depreciation
At 1 January 2025	4,562	1,890	9,640	16,092
Charge for the year	2,382	165	3,262	5,809
	-------	------	-------	-------
At 31 December 2025	6,944	2,055	12,902	21,901
	-------	------	-------	-------
Carrying amount
At 31 December 2025	16,876	934	20,257	38,067
	-------	------	-------	-------
At 31 December 2024	19,258	1,099	16,474	36,831
	-------	------	-------	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	7,252	5,370
Other debtors	1,873	5,582
	------	-------
	9,125	10,952
	------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	13,125	11,227
Social security and other taxes	25,602	22,675
Other creditors	–	16
	-------	-------
	38,727	33,918
	-------	-------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
The Director	–	175	175
	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
The Director	–	–	–
	----	----	----

No interest has been charged on the directors loan account balance.