REGISTERED NUMBER: 01951323 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

EYE OPTIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R L King

Miss T S Patel

REGISTERED OFFICE:

Unit 4

27-31 White Hart Street

High Wycombe

Buckinghamshire

HP11 2HL

REGISTERED NUMBER:

01951323 (England and Wales)

ACCOUNTANTS:

mgr MAP Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

259,959

290,036

CURRENT ASSETS

Stocks

25,926

19,941

Debtors

5

136,926

122,553

Cash at bank

401,962

314,186

564,814

456,680

CREDITORS

Amounts falling due within one year

6

578,960

498,965

NET CURRENT LIABILITIES

(14,146

)

(42,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

245,813

247,751

CREDITORS

Amounts falling due after more than one year

7

(29,740

)

(49,973

)

PROVISIONS FOR LIABILITIES

(60,738

)

(67,673

)

NET ASSETS

155,335

130,105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

155,235

130,005

SHAREHOLDERS' FUNDS

155,335

130,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 14 October 2026 and were signed on its behalf by:

Miss T S Patel - Director

Mrs R L King - Director

1.	STATUTORY INFORMATION

Eye Options 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.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents amounts invoiced to customers during the year net of value added tax.

Tangible fixed assets

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

Optical equipment

-

Straight line over 3 - 5 years

Fixtures and fittings

-

Straight line over 3 - 5 years

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2025 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Optical

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2025

448,088

297,143

92,898

838,129

Additions

29,569

25,261

14,732

69,562

At 28 February 2026

477,657

322,404

107,630

907,691

DEPRECIATION

At 1 March 2025

336,210

154,948

56,935

548,093

Charge for year

42,131

50,213

7,295

99,639

At 28 February 2026

378,341

205,161

64,230

647,732

NET BOOK VALUE

At 28 February 2026

99,316

117,243

43,400

259,959

At 28 February 2025

111,878

142,195

35,963

290,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

97,261

81,857

Other debtors

39,665

40,696

136,926

122,553

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts (see note 8)

2,500

10,000

Hire purchase contracts (see note 9)

18,593

39,730

Trade creditors

127,758

145,646

Taxation and social security

130,587

104,092

Other creditors

299,522

199,497

578,960

498,965

Net obligations under hire purchase and finance leases are secured by fixed charges on the assets concerned.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans (see note 8)

-

2,500

Hire purchase contracts (see note 9)

29,740

47,473

29,740

49,973

8.

LOANS

An analysis of the maturity of loans is given below:

28.2.26

28.2.25

£

£

Amounts falling due within one year or on demand:

Bank loans

2,500

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,500

9.	LEASING AGREEMENTS

Lessee

The operating leases represent leases to third parties. The leases are negotiated over terms of five to ten

years and rentals are fixed for these years. All leases include a provision for five-yearly upward rent reviews

according to prevailing market conditions. There are no options in place for either party to extend the lease

terms.

At the reporting end date the company had outstanding commitments for future minimum lease payments

under non-cancellable operating leases, as follows:

Non-cancellable

operating leases

28.2.26

28.2.25

£

£

Within one year

240,000

300,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £223,140 (2025 - £310,000) were paid in the year in respect of shares held by the

company's directors.

11.	EVENTS AFTER THE REPORTING DATE

The directors were not aware of any events after the reporting date which would materially affect the financial statements.