REGISTERED NUMBER: 06665454 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

FOR

HAYES OPTICIANS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L A Hayes

REGISTERED OFFICE:

9a Ilsham Road

Wellswood

Torquay

Devon

TQ1 2JG

REGISTERED NUMBER:

06665454 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

FIXED ASSETS

Intangible assets

4

790

1,185

Tangible assets

5

29,241

34,564

30,031

35,749

CURRENT ASSETS

Stocks

6

34,982

33,492

Debtors

7

58,395

43,473

Cash at bank

24,173

28,353

117,550

105,318

CREDITORS

Amounts falling due within one year

8

45,594

49,432

NET CURRENT ASSETS

71,956

55,886

TOTAL ASSETS LESS CURRENT LIABILITIES

101,987

91,635

CREDITORS

Amounts falling due after more than one year

9

(17,817

)

(27,054

)

PROVISIONS FOR LIABILITIES

(5,556

)

(6,148

)

NET ASSETS

78,614

58,433

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

78,514

58,333

SHAREHOLDERS' FUNDS

78,614

58,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2026 and were signed by:

Mrs L A Hayes - Director

1.	STATUTORY INFORMATION

Hayes 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.

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.

Software is being amortised evenly over its estimated useful life of five 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.

Short leasehold

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures fittings & equipment

-

20% on reducing balance

Computer equipment

-

25% 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 Statement of Income and Retained Earnings, 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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Software

£

COST

At 31 December 2024

and 30 December 2025

1,975

AMORTISATION

At 31 December 2024

790

Amortisation for year

395

At 30 December 2025

1,185

NET BOOK VALUE

At 30 December 2025

790

At 30 December 2024

1,185

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

fittings

leasehold

machinery

& equipment

£

£

£

COST

At 31 December 2024

27,502

46,556

50,034

Additions

-

-

954

At 30 December 2025

27,502

46,556

50,988

DEPRECIATION

At 31 December 2024

21,816

27,395

46,228

Charge for year

1,375

3,833

952

At 30 December 2025

23,191

31,228

47,180

NET BOOK VALUE

At 30 December 2025

4,311

15,328

3,808

At 30 December 2024

5,686

19,161

3,806

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 31 December 2024

6,473

4,966

135,531

Additions

-

1,975

2,929

At 30 December 2025

6,473

6,941

138,460

DEPRECIATION

At 31 December 2024

1,618

3,910

100,967

Charge for year

1,214

878

8,252

At 30 December 2025

2,832

4,788

109,219

NET BOOK VALUE

At 30 December 2025

3,641

2,153

29,241

At 30 December 2024

4,855

1,056

34,564

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

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 31 December 2024

and 30 December 2025

41,571

6,473

3,429

51,473

DEPRECIATION

At 31 December 2024

24,543

1,618

3,428

29,589

Charge for year

3,406

1,214

1

4,621

At 30 December 2025

27,949

2,832

3,429

34,210

NET BOOK VALUE

At 30 December 2025

13,622

3,641

-

17,263

At 30 December 2024

17,028

4,855

1

21,884

6.

STOCKS

2025

2024

£

£

Stocks

34,982

33,492

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,289

9,715

Directors' current accounts

29,106

33,758

58,395

43,473

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,881

2,657

Hire purchase contracts (see note 10)

6,355

14,050

Trade creditors

12,532

11,988

Tax

16,209

12,209

Pension creditor

818

289

VAT

4,554

6,026

Accrued expenses

2,245

2,213

45,594

49,432

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

3,106

18,957

Bank loans - 2-5 years

12,969

-

Hire purchase contracts (see note 10)

1,742

8,097

17,817

27,054

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

6,355

14,050

Between one and five years

1,742

8,097

8,097

22,147

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2025 and 30 December 2024:

2025

2024

£

£

Mrs L A Hayes

Balance outstanding at start of year

33,758

23,288

Amounts advanced

54,494

68,587

Amounts repaid

(59,146

)

(58,117

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,106

33,758

The Director Mrs L Hayes has given a personal guarantee in respect of the company's overdraft facility and bank loan.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 were paid to the director .

13.	GOVERNMENT GUARANTEED LOAN

The bank loan of £18,957 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to July 2031.