Ocular Focus Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07474657

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,081		6,192

			6,081		6,192
CURRENT ASSETS
Debtors	5	21,993		29,436
Cash at bank and in hand		3,629		22,501

		25,622		51,937
Creditors: Amounts Falling Due Within One Year	6	(46,286 )		(59,781 )

NET CURRENT ASSETS (LIABILITIES)			(20,664 )		(7,844 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(14,583 )		(1,652 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(1,155 )		(1,176 )

NET LIABILITIES			(15,738 )		(2,828 )

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			(15,742 )		(2,832 )

SHAREHOLDERS' FUNDS			(15,738)		(2,828)

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Ocular Focus Ltd

Balance Sheet (continued)

As At 31 March 2026

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

Dr MP Edwards

Director

18/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ocular Focus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07474657 . The registered office is 24 Devonshire Road, Sheffield, S17 3NT.

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 includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Fixtures & Fittings	15% on cost
Computer Equipment	25% 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. Taxation

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 year 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 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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Ocular Focus Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	13,229	3,283	16,512
Additions	-	1,181	1,181
Disposals	(4,784 )	(1,168 )	(5,952 )

As at 31 March 2026	8,445	3,296	11,741

Depreciation
As at 1 April 2025	7,037	3,283	10,320
Provided during the period	1,267	25	1,292
Disposals	(4,784 )	(1,168 )	(5,952 )

As at 31 March 2026	3,520	2,140	5,660

Net Book Value
As at 31 March 2026	4,925	1,156	6,081

As at 1 April 2025	6,192	-	6,192

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	21,993	29,436

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	79
Corporation tax	44,064	57,082
Accruals and deferred income	1,575	1,558
Directors' loan accounts	647	1,062

	46,286	59,781

7. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	79
Later than one year and not later than five years	-	-

	-	79

	-	79

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Ocular Focus Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances.

	2026	2025
	£	£
Other timing differences	1,155	1,176

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	1,176	1,176
Deferred taxation	(21 )	(21 )

Balance at 31 March 2026	1,155	1,155

Provision is made for the potential charge to tax that would arise should the company dispose of its fixed assets at the stated net book value to the extent that this is in excess of the tax written down value.

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4	4

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