REGISTERED NUMBER: 03293425 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Cotswold Eye Care Centre Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr V L M Royle

Mrs J A Royle

Miss C Z Royle

REGISTERED OFFICE:

Fairview

High Street

Winchcombe

Gloucestershire

GL54 5LJ

REGISTERED NUMBER:

03293425 (England and Wales)

FIXED ASSETS

Tangible assets

5

88,617

41,486

CURRENT ASSETS

Stocks

15,044

19,695

Debtors

6

8,489

8,122

Cash at bank and in hand

57,490

99,483

81,023

127,300

CREDITORS

Amounts falling due within one year

7

61,881

71,511

NET CURRENT ASSETS

19,142

55,789

TOTAL ASSETS LESS CURRENT LIABILITIES

107,759

97,275

CREDITORS

Amounts falling due after more than one year

8

(31,163

)

(4,167

)

PROVISIONS FOR LIABILITIES

(19,465

)

(9,758

)

NET ASSETS

57,131

83,350

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

55,631

81,850

57,131

83,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

Mr V L M Royle - Director

Mrs J A Royle - Director

Miss C Z Royle - Director

1.	STATUTORY INFORMATION

Cotswold Eye Care Centre Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

5% on a straight line basis

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

Straight line at 33.33%

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments

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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

14,338

86,218

14,033

11,955

126,544

Additions

-

64,895

-

3,776

68,671

Disposals

-

(985

)

-

(1,253

)

(2,238

)

At 31 January 2026

14,338

150,128

14,033

14,478

192,977

DEPRECIATION

At 1 February 2025

2,864

62,977

9,972

9,245

85,058

Charge for year

716

17,608

797

2,329

21,450

Eliminated on disposal

-

(895

)

-

(1,253

)

(2,148

)

At 31 January 2026

3,580

79,690

10,769

10,321

104,360

NET BOOK VALUE

At 31 January 2026

10,758

70,438

3,264

4,157

88,617

At 31 January 2025

11,474

23,241

4,061

2,710

41,486

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

4,499

8,122

VAT

3,990

-

8,489

8,122

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

6,761

-

Trade creditors

17,806

20,219

Tax

6,130

8,867

Social security and other taxes

672

1,449

VAT

-

130

Other creditors

710

704

Directors' current accounts

28,892

28,367

Accruals and deferred income

910

1,775

61,881

71,511

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

4,167

Hire purchase contracts

31,163

-

31,163

4,167

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mr V L M Royle

Balance outstanding at start of year

(13,695

)

(13,280

)

Amounts advanced

2,115

1,700

Amounts repaid

(2,280

)

(2,115

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,860

)

(13,695

)

Mrs J A Royle

Balance outstanding at start of year

(13,162

)

(13,162

)

Amounts advanced

1,700

1,700

Amounts repaid

(2,525

)

(1,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,987

)

(13,162

)

Miss C Z Royle

Balance outstanding at start of year

(1,510

)

(900

)

Amounts advanced

1,510

900

Amounts repaid

(1,045

)

(1,510

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,045

)

(1,510

)