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Registration number: 14711604

The Whipton Eye Centre Limited
trading as Whipton Eye Centre
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Company Information

Directors | P J Nichols J M Nichols

Registered office | Thompson Jenner 1 Colleton Crescent Exeter EX2 4DG

Accountants | Thompson Jenner LLP 1 Colleton Crescent Exeter Devon EX2 4DG

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

(Registration number: 14711604)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 4,000 | 6,000
Tangible assets | 5 | 6,832 | 9,129
|  | 10,832 | 15,129
Current assets |  |  |
Stocks | 6 | 6,000 | 4,500
Debtors | 7 | 3,075 | 4,944
Cash at bank and in hand |  | 9,338 | 12,345
|  | 18,413 | 21,789
Creditors: Amounts falling due within one year | 8 | (19,647) | (18,065)
Net current (liabilities)/assets |  | (1,234) | 3,724
Net assets |  | 9,598 | 18,853
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 9,498 | 18,753
Shareholders' funds |  | 9,598 | 18,853

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2026 and signed on its behalf by:

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

(Registration number: 14711604)
Balance Sheet as at 31 March 2026

......................................... P J Nichols Director

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Thompson Jenner
1 Colleton Crescent
Exeter
EX2 4DG

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.

Going concern

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

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 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.

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Fixtures, fittings and equipment | 20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 10,000 | 10,000
At 31 March 2026 | 10,000 | 10,000
Amortisation
At 1 April 2025 | 4,000 | 4,000
Amortisation charge | 2,000 | 2,000
At 31 March 2026 | 6,000 | 6,000
Carrying amount
At 31 March 2026 | 4,000 | 4,000
At 31 March 2025 | 6,000 | 6,000

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 14,762 | 14,762
Additions | 741 | 741
At 31 March 2026 | 15,503 | 15,503
Depreciation
At 1 April 2025 | 5,633 | 5,633
Charge for the year | 3,038 | 3,038
At 31 March 2026 | 8,671 | 8,671
Carrying amount
At 31 March 2026 | 6,832 | 6,832
At 31 March 2025 | 9,129 | 9,129

The Whipton Eye Centre Limited
trading as Whipton Eye Centre

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Stocks

| 2026 £ | 2025 £
Other stocks | 6,000 | 4,500

7 | Debtors

| 2026 £ | 2025 £
Trade debtors | 1,700 | 2,303
Other debtors | 1,375 | 2,370
Prepayments and accrued income | - | 271
Total current trade and other debtors | 3,075 | 4,944

8 | Creditors

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 5,993 | 6,361
Taxation and social security | 7,405 | 6,239
Other creditors | 4,049 | 3,365
Accrued expenses | 2,200 | 2,100
| 19,647 | 18,065

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £9,000 (2025 - £15,000).