Butterworths Lenses Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC225522

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		44,573		51,353

			44,573		51,353
CURRENT ASSETS
Stocks	6	12,114		14,731
Debtors	7	193,923		200,241
Cash at bank and in hand		40		27

		206,077		214,999
Creditors: Amounts Falling Due Within One Year	8	(550,265 )		(550,682 )

NET CURRENT ASSETS (LIABILITIES)			(344,188 )		(335,683 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(299,615 )		(284,330 )

Creditors: Amounts Falling Due After More Than One Year	9		(2,588,013 )		(2,556,196 )

NET LIABILITIES			(2,887,628 )		(2,840,526 )

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			(2,887,728 )		(2,840,626 )

SHAREHOLDERS' FUNDS			(2,887,628)		(2,840,526)

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Butterworths Lenses Limited

Balance Sheet (continued)

As At 31 October 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Martin

Director

30/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Butterworths Lenses Limited is a private company, limited by shares, incorporated in Scotland, registered number SC225522 . The registered office is 85 Peffer Place, Edinburgh, EH16 4BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% and 20% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Butterworths Lenses Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	5,000

As at 31 October 2025	5,000

Amortisation
As at 1 November 2024	5,000

As at 31 October 2025	5,000

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 November 2024	291,108
Additions	5,407

As at 31 October 2025	296,515

...CONTINUED

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Butterworths Lenses Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024	239,755
Provided during the period	12,187

As at 31 October 2025	251,942

Net Book Value
As at 31 October 2025	44,573

As at 1 November 2024	51,353

6. Stocks

	2025	2024
	£	£
Stock	12,114	14,731

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	57,366	54,755
Other debtors	136,557	145,486

	193,923	200,241

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	52,252	70,557
Bank loans and overdrafts	10,397	10,140
Other creditors	305,905	321,136
Taxation and social security	181,711	148,849

	550,265	550,682

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,761	20,158
Other creditors	2,578,252	2,536,038

	2,588,013	2,556,196

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Butterworths Lenses Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

10. Secured Creditors

The company has granted a bond and floating charge over the assets of the company to RBS Business Finance Limited and The Royal Bank of Scotland plc

	2025		2024
	£		£
Bank loans and overdrafts	20,158		30,298

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

13. Related Party Transactions

Included in debtors is an amount of £128,356 due from Spectacles Reglazing Limited, a company under the control of the director Mr A Martin.

Included in creditors is an amount of £239,644 due to the company's parent company, Spectacles Outlet Limited.

14. Ultimate Controlling Party

The company's controlling party is Spectacles Outlet Limited .

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