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Registered number: 01470517
Roundford Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01470517
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,700 8,800
Tangible Assets 5 107,871 125,887
115,571 134,687
CURRENT ASSETS
Stocks 6 86,963 81,041
Debtors 7 27,056 31,950
Cash at bank and in hand 484,738 332,669
598,757 445,660
Creditors: Amounts Falling Due Within One Year 8 (315,356 ) (177,025 )
NET CURRENT ASSETS (LIABILITIES) 283,401 268,635
TOTAL ASSETS LESS CURRENT LIABILITIES 398,972 403,322
Creditors: Amounts Falling Due After More Than One Year 9 (30,698 ) (52,368 )
PROVISIONS FOR LIABILITIES
Other Provisions (7,200 ) (7,200 )
Deferred Taxation (26,968 ) (31,472 )
NET ASSETS 334,106 312,282
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 333,906 312,082
SHAREHOLDERS' FUNDS 334,106 312,282
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Michael Round
Director
19/10/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Roundford Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01470517 . The registered office is 47 High Street, Banbury, Oxfordshire, OX16 5LA.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of spectacles, contact lenses and sundries is recognised when the goods are supplied to the customer. Turnover from eye examinations and other services, including NHS General Ophthalmic Services income, is recognised when the service is provided. Income from contact lens direct debit schemes is recognised over the period to which it relates.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Freehold 10% on cost
Plant & Machinery At variable rates on reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings At variable rates on reducing balance
Computer Equipment At variable rates on reducing balance
2.5. 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.
2.6. 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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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2025: 17)
16 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 537,098
As at 31 March 2026 537,098
Amortisation
As at 1 April 2025 528,298
Provided during the period 1,100
As at 31 March 2026 529,398
Net Book Value
As at 31 March 2026 7,700
As at 1 April 2025 8,800
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 10,586 296,275 5,426 164,925
Additions - - - -
As at 31 March 2026 10,586 296,275 5,426 164,925
Depreciation
As at 1 April 2025 10,586 185,420 2,438 155,651
Provided during the period - 16,628 747 1,139
As at 31 March 2026 10,586 202,048 3,185 156,790
Net Book Value
As at 31 March 2026 - 94,227 2,241 8,135
As at 1 April 2025 - 110,855 2,988 9,274
Computer Equipment Total
£ £
Cost
As at 1 April 2025 66,419 543,631
Additions 1,190 1,190
As at 31 March 2026 67,609 544,821
Depreciation
As at 1 April 2025 63,649 417,744
Provided during the period 692 19,206
As at 31 March 2026 64,341 436,950
Net Book Value
As at 31 March 2026 3,268 107,871
As at 1 April 2025 2,770 125,887
6. Stocks
2026 2025
£ £
Stocks 86,963 81,041
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 2,629 3,166
Other debtors 24,427 28,784
27,056 31,950
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 21,669 21,669
Trade creditors 66,034 79,267
Amounts owed to group undertakings 150,000 -
Other creditors 16,473 19,250
Taxation and social security 61,180 56,839
315,356 177,025
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 30,698 52,368
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,669 21,669
Later than one year and not later than five years 30,698 52,368
52,367 74,037
52,367 74,037
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 200 200
12. Ultimate Parent Undertaking and Controlling Party
The company is a wholly owned subsidiary of Barton Willow Ltd, a company incorporated in England and Wales, whose registered office is 47 High Street, Banbury, Oxfordshire, OX16 5LA.
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