Registration number: 06457287

H G Optics Limited

Contents

Director's Report	1
Profit and Loss Account	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 8

H G Optics Limited

Director's Report for the Year Ended 28 February 2026

The director presents her report and the financial statements for the year ended 28 February 2026.

Director of the company

The director who held office during the year was as follows:

Ms H Geeson

Principal activity

The principal activity of the company is the operation of an optician and associated services.

Going concern

The financial statements have been prepared on a going concern basis.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 24 July 2026
 

......................................... Ms H Geeson Director

H G Optics Limited

Profit and Loss Account for the Year Ended 28 February 2026

	Note	2026 £	29 February 2025 £
Turnover		563,666	570,038
Cost of sales		(139,687)	(130,768)
Gross profit		423,979	439,270
Administrative expenses		(370,093)	(357,211)
Operating profit		53,886	82,059
Other interest receivable and similar income		1,538	941
Interest payable and similar expenses		(1,290)	(788)
		248	153
Profit before tax		54,134	82,212
Taxation		(10,706)	(8,969)
Profit for the financial year		43,428	73,243

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

H G Optics Limited

(Registration number: 06457287)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	15,387	20,939
Current assets
Stocks	5	28,477	27,960
Debtors	6	34,318	23,365
Cash at bank and in hand		257,300	269,719
		320,095	321,044
Creditors: Amounts falling due within one year	7	(67,706)	(90,347)
Net current assets		252,389	230,697
Total assets less current liabilities		267,776	251,636
Creditors: Amounts falling due after more than one year	7	-	(10,900)
Provisions for liabilities		(3,847)	(5,235)
Net assets		263,929	235,501
Capital and reserves
Called up share capital		100	100
Retained earnings		263,829	235,401
Shareholders' funds		263,929	235,501

For the financial year ending 28 February 2026 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 24 July 2026
 

......................................... Ms H Geeson Director

H G Optics Limited

Statement of Changes in Equity for the Year Ended 28 February 2026

	Share capital £	Retained earnings £	Total £
At 1 March 2025	100	235,401	235,501
Profit for the year	-	43,428	43,428
Dividends	-	(15,000)	(15,000)
At 28 February 2026	100	263,829	263,929

	Share capital £	Retained earnings £	Total £
At 1 March 2024	100	177,158	177,258
Profit for the year	-	73,243	73,243
Dividends	-	(15,000)	(15,000)
At 28 February 2025	100	235,401	235,501

H G Optics Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Boots Alton
30 High Street
Alton
Hants
GU34 1BN

These financial statements were authorised for issue by the director on 24 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

H G Optics Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Fixtures and fittings	20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

H G Optics Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2025 - 6).

4	Tangible assets

	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 March 2025	5,076	190,913	195,989
Additions	-	2,341	2,341
At 28 February 2026	5,076	193,254	198,330
Depreciation
At 1 March 2025	5,045	170,004	175,049
Charge for the year	31	7,863	7,894
At 28 February 2026	5,076	177,867	182,943
Carrying amount
At 28 February 2026	-	15,387	15,387
At 28 February 2025	31	20,908	20,939

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	28,477	27,960

6

Debtors

Current	2026 £	2025 £
Trade debtors	24,021	12,633
Prepayments	10,297	10,732
	34,318	23,365

H G Optics Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		3,066	15,090
Trade creditors		25,093	28,358
Taxation and social security		19,857	30,297
Accruals and deferred income		15,144	14,584
Other creditors		4,546	2,018
		67,706	90,347

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,662 (2024 - £5, 872).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		-	10,900

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,578 (2024 - £17,240).