MINOR OPS LIMITED


Directors	BOYCE, Fiona Margaret
	BOYCE, Robert Leslie
	GHOSH, Saurabh
	KEJARIWAL, Deepak, Dr
	SANDERSON, Leanne


Company Secretary	BOYCE, Robert Leslie


Registered Address	My Eye Clinic Great North Road
	Brunton Lane
	Gosforth
	NE3 5NA


Registered Number	06226305 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	4		47,846		49,817
Tangible assets	5		1,340,520		1,302,126
			1,388,366		1,351,943
Current assets
Stocks		318,339		249,565
Debtors		128,255		137,150
Cash at bank and on hand		34,540		7,690
		481,134		394,405
Creditors amounts falling due within one year		(387,450)		(712,741)
Net current assets (liabilities)			93,684		(318,336)
Total assets less current liabilities			1,482,050		1,033,607
Creditors amounts falling due after one year			(571,407)		(800,827)
Net assets			910,643		232,780
Capital and reserves
Called up share capital			20,792		10,396
Share premium			599,857		-
Other reserves			230		230
Profit and loss account			289,764		222,154
Shareholders' funds			910,643		232,780

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2026, and are signed on its behalf by:

BOYCE, Robert Leslie
Director
Registered Company No. 06226305

MINOR OPS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	10	-
Fixtures and fittings	25	-
Office Equipment	25	-

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	30		23

3.	Prior period adjustment
	During the year, it was identified that depreciation on owner-occupied property and amortisation of intangible assets had not been charged in certain prior periods. The comparative figures and opening reserves have therefore been restated to correct this error in accordance with FRS 102. The effect of the restatement is to recognise the depreciation and amortisation that should have been charged in the relevant prior periods.

Prior period adjustment

During the year, it was identified that depreciation on owner-occupied property and amortisation of intangible assets had not been charged in certain prior periods.

The comparative figures and opening reserves have therefore been restated to correct this error in accordance with FRS 102. The effect of the restatement is to recognise the depreciation and amortisation that should have been charged in the relevant prior periods.

4.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	82,439
	Additions	5,795
	At 31 March 26	88,234
	Amortisation and impairment
	At 01 April 25	32,621
	Charge for year	7,767
	At 31 March 26	40,388
	Net book value
	At 31 March 26	47,846
	At 31 March 25	49,817

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	1,881,995
	Additions	117,786
	At 31 March 26	1,999,781
	Depreciation and impairment
	At 01 April 25	579,869
	Charge for year	79,392
	At 31 March 26	659,261
	Net book value
	At 31 March 26	1,340,520
	At 31 March 25	1,302,126


	During the current financial year, the company reviewed the accounting treatment of an asset previously accounted for as an operating lease, with the associated lease payments charged to the profit and loss account as incurred. Following this review, the asset has been recognised on the balance sheet at its carrying value at the beginning of this financial year. The adjustment reflects a change in the accounting treatment of the arrangement. The asset has been recognised at its existing carrying value, taking into account depreciation to date, with the corresponding adjustment reflected in the opening reserves. Comparative figures have not been restated.

During the current financial year, the company reviewed the accounting treatment of an asset previously accounted for as an operating lease, with the associated lease payments charged to the profit and loss account as incurred. Following this review, the asset has been recognised on the balance sheet at its carrying value at the beginning of this financial year.
The adjustment reflects a change in the accounting treatment of the arrangement. The asset has been recognised at its existing carrying value, taking into account depreciation to date, with the corresponding adjustment reflected in the opening reserves. Comparative figures have not been restated.