PTS OPTICAL LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08584475

PTS OPTICAL LIMITED

Filleted Unaudited Financial Statements

31 July 2025

PTS OPTICAL LIMITED

Financial Statements

Year ended 31 July 2025

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

PTS OPTICAL LIMITED

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of PTS OPTICAL LIMITED

Year ended 31 July 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

30 July 2026

PTS OPTICAL LIMITED

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	97,441	48,009
		--------	--------
		97,442	48,010

Current assets

Stocks		61,438	56,206
Debtors	7	318,287	105,883
Cash at bank and in hand		31,231	14,103
		---------	---------
		410,956	176,192

Creditors: amounts falling due within one year	8	152,248		60,460
		---------		---------
Net current assets			258,708	115,732
			---------	---------
Total assets less current liabilities			356,150	163,742

Creditors: amounts falling due after more than one year	9		225,465	10,799

Provisions

Taxation including deferred tax	1,797	255
	---------	---------
Net assets	128,888	152,688
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	128,788	152,588
	---------	---------
Shareholders funds	128,888	152,688
	---------	---------

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 statement of income and retained earnings has not been delivered.

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PTS OPTICAL LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mrs T.K. Sandhu

Director

Company registration number: 08584475

PTS OPTICAL LIMITED

Notes to the Financial Statements

Year ended 31 July 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 c/o Vaghela & Co (Services) Ltd, Studio 10, Clark's Courtyard, 145 Granville Street, Birmingham, West Midlands, B1 1SB, England.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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	-	20% straight line

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.

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 property	-	20% straight line
Fixtures and Fittings	-	15% straight line
Renovation costs	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	194,999
	---------
Amortisation
At 1 August 2024 and 31 July 2025	194,998
	---------
Carrying amount
At 31 July 2025	1
	---------
At 31 July 2024	1
	---------

6. Tangible assets

	Leasehold property	Fixtures and equipments	Renovation Costs	Total
	£	£	£	£
Cost
At 1 August 2024	8,478	127,316	11,750	147,544
Additions	–	79,442	5,250	84,692
	-------	---------	--------	---------
At 31 July 2025	8,478	206,758	17,000	232,236
	-------	---------	--------	---------
Depreciation
At 1 August 2024	6,765	91,007	1,763	99,535
Charge for the year	1,696	31,014	2,550	35,260
	-------	---------	--------	---------
At 31 July 2025	8,461	122,021	4,313	134,795
	-------	---------	--------	---------
Carrying amount
At 31 July 2025	17	84,737	12,687	97,441
	-------	---------	--------	---------
At 31 July 2024	1,713	36,309	9,987	48,009
	-------	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	317,279	100,000
Other debtors	1,008	5,883
	---------	---------
	318,287	105,883
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	43,848	1,885
Corporation tax	4,528	13,568
Social security and other taxes	5,849	197
Other creditors	98,023	44,810
	---------	--------
	152,248	60,460
	---------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	225,465	10,799
	---------	--------

On 4th September 2013 Lloyds Bank Plc registered a fixed and floating charge on the property or undertaking of the company. The Registrar of Companies issued the appropiate certificate on 12th September 2013. On 25th July 2024 Lloyds Bank Plc registered a fixed charge and negative pledge. The Registrar of Companies issued the appropriate certificate on 29th July 2024. On 16th August 2024 Lloyds Bank Plc registered a floating charge covers all the property or undertaking of the company and negative pledge. The Leasehold land known as 18 High Street, Pershore, WR10 1BG to be granted out of title number WR33721 at HM Land Registry. The Registrar of Companies issued the appropiate certificate on 28th August 2024.

10. Directors' advances, credits and guarantees

At 31st July 2025, other creditors include the following amounts due to the directors. Mr P & Mrs T Sandhu £96023 (2024 - £14,818) The loans are interest free and repayable on demand

11. Related party transactions

The company is occupying and operating from 14 High street, Pershore, Worcestershire premises, which are owned by the directors. The company has agreed to pay rent of £25,200 per annum to the directors for use of their premises. The director, Mr P.S.Sandhu, received dividends amounting to £25,000 for the year under review. The director, Mrs T.K.Sandhu, received dividends amounting to £25,000 for the year under review.