Company registration number: 07732751
Annual report and unaudited financial statements
for the year ended 30 November 2025
for
Wade Optometry Limited
Pages for filing with the Registrar
Company registration number: 07732751
Wade Optometry Limited
Balance sheet
as at 30 November 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 189,269 205,512
189,270 205,513
Current assets
Stocks 49,596 45,862
Debtors 6 57,745 53,666
Cash at bank and in hand 1,286 870
108,627 100,398
Creditors: amounts falling due within one year
7 (80,460) (86,182)
Net current assets 28,167 14,216
Total assets less current liabilities 217,437 219,729
Creditors: Amounts falling due after more than one year
8 (199,550) (225,224)
NET ASSETS/(LIABILITIES) 17,887 (5,495)
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,886 (5,496)
TOTAL EQUITY 17,887 (5,495)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07732751
Wade Optometry Limited
Balance sheet - continued
as at 30 November 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 August 2026 and signed on its behalf by:
Mr A Wade, Director
28 August 2026
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Wade Optometry Limited
Notes to the financial statements
for the year ended 30 November 2025
1 Company information
Wade Optometry Limited is a private company registered in England and Wales. Its registered number is 07732751. The company is limited by shares. Its registered office is 7 Romangate, Middleton St. George, Darlington, County Durham, DL2 1FG. Its principal place of business is 26 Post House Wynd, Darlington, County Durham, DL3 7LP.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% straight line
Plant and machinery etc.:
Plant and machinery - 15%/25% straight line
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Wade Optometry Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2024 - 8).
4 Intangible assets
Goodwill
£
Cost
At 1 December 2024 133,425
At 30 November 2025 133,425
Amortisation
At 1 December 2024 133,424
At 30 November 2025 133,424
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Wade Optometry Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
4 Intangible assets - continued
Net book value
At 30 November 2025 1
At 30 November 2024 1
5 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 December 2024 180,000 219,306 399,306
Additions - 469 469
Disposals - (56,574) (56,574)
At 30 November 2025 180,000 163,201 343,201
Depreciation
At 1 December 2024 13,500 180,294 193,794
Charge for year 3,600 13,110 16,710
Eliminated on disposal - (56,572) (56,572)
At 30 November 2025 17,100 136,832 153,932
Net book value
At 30 November 2025 162,900 26,369 189,269
At 30 November 2024 166,500 39,012 205,512
6 Debtors
2025 2024
£ £
Trade debtors 3,270 3,244
Directors' loan accounts 23,194 18,063
Taxation 2,224 1,472
Prepayments and accrued income 29,057 30,887
57,745 53,666
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Wade Optometry Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
7 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 17,611 22,935
Hire purchase and finance leases 11,558 11,558
Trade creditors 35,315 31,064
Amounts owed to directors - 5,178
Other creditors - 1,402
Taxation 6,297 4,767
Social security and other tax 953 662
Accruals and deferred income 8,726 8,616
80,460 86,182
8 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 185,102 199,218
Hire purchase and finance leases 14,448 26,006
199,550 225,224
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans 115,816 131,527
9 Secured debts
All monies due or to become due to National Westminster Bank Plc are secured under a fixed charge, created on 15th February 2021 over the company’s Darlington property.
All monies due or to become due to National Westminster Bank Plc are secured under a fixed and floating charge, created on 4th February 2021 over the assets of the company.
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Wade Optometry Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
10 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024.
2025 2024
£ £
Mr A W Wade
Balance outstanding at start of year (5,178) (3,149)
Amounts advanced 21,275 3,275
Amounts repaid (8,520) (5,303)
Balance outstanding at end of year 7,577 (5,177)
The directors loans are unsecured and repayable on demand.
2025 2024
£ £
Mr A J Wade
Balance outstanding at start of year 18,063 33,351
Amounts advanced 47,112 40,520
Amounts repaid (49,558) (55,808)
Balance outstanding at end of year 15,617 18,063
The balance is unsecured and repayable on demand.
11 Guarantees and other financial commitments
Commitments under operating leases: At 30 November 2025 the company had future minimum lease payments due under non-cancellable operating leases due in less than 1 year £17,300 (2024 : £Nil) and due in one to five years £24,508 (2024 : £Nil).

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