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Registered number: 04586215
Onlookers Opticians Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04586215
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,526 93,807
119,526 93,807
CURRENT ASSETS
Stocks 5 59,267 51,637
Debtors 6 37,790 39,528
Cash at bank and in hand 153,733 135,779
250,790 226,944
Creditors: Amounts Falling Due Within One Year 7 (66,659 ) (82,546 )
NET CURRENT ASSETS (LIABILITIES) 184,131 144,398
TOTAL ASSETS LESS CURRENT LIABILITIES 303,657 238,205
Creditors: Amounts Falling Due After More Than One Year 8 (33,134 ) (11,668 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,008 ) (14,637 )
NET ASSETS 248,515 211,900
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 247,515 210,900
SHAREHOLDERS' FUNDS 248,515 211,900
Page 1
Page 2
For the 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.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A J Hodgson
Director
24 September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Onlookers Opticians Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04586215 . The registered office is 83 Pexton Road , Kelleythorpe Industrial Estate, Driffield, East Yorkshire, YO25 9DJ.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of goods excluding value added tax and is recognised at the time of invoice.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Property Improvements Straight line over period of the lease
Plant & Machinery 15% on Cost
Fixtures & Fittings at variable rates on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2025: 9)
9 9
4. Tangible Assets
Land & Property
Property Improvements Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 120,456 321,139 67,540 509,135
Additions 1,168 43,542 8,530 53,240
As at 31 March 2026 121,624 364,681 76,070 562,375
...CONTINUED
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Page 5
Depreciation
As at 1 April 2025 90,054 267,282 57,992 415,328
Provided during the period 7,115 16,857 3,549 27,521
As at 31 March 2026 97,169 284,139 61,541 442,849
Net Book Value
As at 31 March 2026 24,455 80,542 14,529 119,526
As at 1 April 2025 30,402 53,857 9,548 93,807
5. Stocks
2026 2025
£ £
Stock 59,267 51,637
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 31,532 35,001
Amounts owed by group undertakings 365 11
Other debtors 5,893 4,516
37,790 39,528
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 19,192 21,082
Trade creditors 24,857 27,883
Amounts owed to group undertakings 2,806 2,717
Other creditors 5,071 4,640
Taxation and social security 14,733 26,224
66,659 82,546
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 33,134 11,668
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9. Secured Creditors
Of the creditors the following amounts are secured. Security is held over the relevant assets.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 52,326 32,750
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,493 22,054
Later than one year and not later than five years 38,754 11,694
61,247 33,748
Less: Finance charges allocated to future periods 8,921 998
52,326 32,750
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 23,443 19,375
Later than one year and not later than five years 43,157 58,125
66,600 77,500
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