Spectacles Outlet Limited

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

Registered number: SC347412

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,556		4,360
Investments	5		100		100

			6,656		4,460
CURRENT ASSETS
Stocks	6	65,500		54,222
Debtors	7	264,521		281,620
Cash at bank and in hand		1,381		1,558

		331,402		337,400
Creditors: Amounts Falling Due Within One Year	8	(161,361 )		(164,518 )

NET CURRENT ASSETS (LIABILITIES)			170,041		172,882

TOTAL ASSETS LESS CURRENT LIABILITIES			176,697		177,342

Creditors: Amounts Falling Due After More Than One Year	9		(146,690 )		(174,357 )

NET ASSETS			30,007		2,985

CAPITAL AND RESERVES
Called up share capital	12		1		1
Profit and Loss Account			30,006		2,984

SHAREHOLDERS' FUNDS			30,007		2,985

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Spectacles Outlet 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

Spectacles Outlet Limited is a private company, limited by shares, incorporated in Scotland, registered number SC347412 . 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. 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

2.4. 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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Spectacles Outlet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. 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.

2.6. Investments in subsiaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 November 2024	55,896
Additions	4,743

As at 31 October 2025	60,639

Depreciation
As at 1 November 2024	51,536
Provided during the period	2,547

As at 31 October 2025	54,083

Net Book Value
As at 31 October 2025	6,556

As at 1 November 2024	4,360

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 November 2024	100

As at 31 October 2025	100

Provision
As at 1 November 2024	-

As at 31 October 2025	-

...CONTINUED

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Spectacles Outlet Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	100

As at 1 November 2024	100

6. Stocks

	2025	2024
	£	£
Stock	65,500	54,222

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,142	7,322
Other debtors	251,379	274,298

	264,521	281,620

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	197	146
Trade creditors	25,904	31,131
Bank loans and overdrafts	28,865	28,353
Other creditors	99,639	83,416
Taxation and social security	6,756	21,472

	161,361	164,518

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	646	867
Bank loans	146,044	173,490

	146,690	174,357

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	57,894		76,975

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Spectacles Outlet 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 in favour of the Royal Bank of Scotland plc in respect of the loan facilities the company has with the bank.

	2025		2024
	£		£
Bank loans and overdrafts	163,394		201,843

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	316	316
Later than one year and not later than five years	790	1,106

	1,106	1,422
Less: Finance charges allocated to future periods	263	409

	843	1,013

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

13. Related Party Transactions

Included in debtors are amounts due of £239,644 from the company's subsidiary company, Butterworths Lenses Limited and £3,564 due from Spectacles Reglazing Limited, a company which is under the control of the director, A Martin.

14. Ultimate Controlling Party

The company's ultimate controlling party is A Martin .

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