REGISTERED NUMBER: SC451008 (Scotland)

Anita Glasby Optometry Limited

Unaudited Financial Statements

for the Year Ended 31 May 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A R Glasby

Mr T Glasby

SECRETARY:

Mrs J A Glasby

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC451008 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Santander

31 Hanover Street

Edinburgh

EH2 2EB

FIXED ASSETS

Tangible assets

4

236,095

228,153

CURRENT ASSETS

Stocks

21,301

21,153

Debtors

5

9,132

5,732

Cash at bank and in hand

22,260

35,147

52,693

62,032

CREDITORS

Amounts falling due within one year

6

29,857

29,951

NET CURRENT ASSETS

22,836

32,081

TOTAL ASSETS LESS CURRENT LIABILITIES

258,931

260,234

CREDITORS

Amounts falling due after more than one year

7

(145,773

)

(148,449

)

PROVISIONS FOR LIABILITIES

(13,715

)

(11,888

)

NET ASSETS

99,443

99,897

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

99,343

99,797

SHAREHOLDERS' FUNDS

99,443

99,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

Ms A R Glasby - Director

Mr T Glasby - Director

1.	STATUTORY INFORMATION

Anita Glasby Optometry Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover and revenue recognition

Turnover represents the provision of optometry services. Revenue is recognised on the point of sale of goods or completion of service.

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

-

2% on reducing balance

Plant and machinery etc

-

33% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2025

166,269

213,735

380,004

Additions

-

24,129

24,129

At 31 May 2026

166,269

237,864

404,133

DEPRECIATION

At 1 June 2025

2,650

149,201

151,851

Charge for year

1,321

14,866

16,187

At 31 May 2026

3,971

164,067

168,038

NET BOOK VALUE

At 31 May 2026

162,298

73,797

236,095

At 31 May 2025

163,619

64,534

228,153

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2025

78,600

Additions

22,771

At 31 May 2026

101,371

DEPRECIATION

At 1 June 2025

23,580

Charge for year

12,557

At 31 May 2026

36,137

NET BOOK VALUE

At 31 May 2026

65,234

At 31 May 2025

55,020

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

4,980

3,070

Other debtors

4,152

2,662

9,132

5,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,946

4,948

Hire purchase contracts and finance leases (see note 8)

16,711

11,075

Trade creditors

234

388

Taxation and social security

4,983

8,864

Other creditors

2,983

4,676

29,857

29,951

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

100,621

105,169

Hire purchase contracts and finance leases (see note 8)

45,152

43,280

145,773

148,449

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

69,245

82,904

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

2026

2025

2026

2025

£

£

£

£

Net obligations repayable:

Within one year

11,075

11,075

5,636

-

Between one and five years

32,713

43,280

12,439

-

43,788

54,355

18,075

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

105,567

110,117

Bank loans are secured by way of a standard security charge in favour of The Royal Bank of Scotland over the company's property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

£

Ms A R Glasby

Balance outstanding at start of year

-

456

Amounts advanced

-

332

Amounts repaid

(15

)

(788

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(15

)

-

The director has undertaken to settle the balance within 9 months of the balance sheet date.