Modern Eyewear Limited in Glasgow, G72 7TS

Description

Data updated on: 01-11-2023

The Modern Eyewear Limited company has been in this business for sixty nine years, as it's been founded in 1955. Registered with number SC030651, Modern Eyewear is categorised as a Private Limited Company with office in Cambus House, Glasgow G72 7TS. This business's declared SIC number is 32500, that means Manufacture of medical and dental instruments and supplies. The latest financial reports describe the period up to 2022/09/30 and the latest confirmation statement was released on 2023/01/05.

According to the data we have, the limited company was incorporated in 1955 and has been overseen by seven directors, out of whom three (Christopher M., Catherine M. and James M.) are still listed as current directors. Additionally, the managing director's efforts are regularly backed by a secretary - James M., who joined the limited company thirty one years ago.

James M. is the individual with significant control over this firm, owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Devices

Manufacturer:	Modern Eyewear Ltd.
Manufacturer address:	Cambus House,, Cambuslang Road,, Glasgow., , G72 7TS, United Kingdom
Authorised Representative:	-
Date Registered:	1998-09-03
MHRA Reference Number:	CA004483
Devices:	F6 : Spectacle Lenses F7 : Spectacle Frames K10 : Spectacle Frames L5 : Prescribed Spectacles

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	336 155	321 926	335 265	356 090	375 376	387 522

Balance Sheet
Cash Bank On Hand						1 060	11 836	1 060	1 060	50 407	25 020	13 149
Current Assets	407 763	398 688	436 168	392 573	394 338	357 465	372 904	392 532	370 492	310 523	255 635	284 027
Debtors	283 011	276 961	288 742	261 362	254 177	254 946	235 593	251 911	227 722	155 207	155 615	176 393
Net Assets Liabilities						387 522	386 926	372 788	337 398	333 683	346 127	334 107
Other Debtors						20 784	17 132	10 932	9 553	12 791	15 432	13 362
Property Plant Equipment						321 852	313 059	304 201	296 868	291 327	299 191	294 574
Total Inventories						101 459	125 475	139 561	141 710	104 909	75 000	94 485
Cash Bank In Hand	1 110	1 060	27 703	29 738	37 397	1 060
Net Assets Liabilities Including Pension Asset Liability	336 155	321 926	335 265	356 090	375 376	387 522
Stocks Inventory	123 642	120 667	119 723	101 473	102 764	101 459
Tangible Fixed Assets	351 496	327 925	312 678	354 416	340 888	321 851

Capital & Reserves
Called Up Share Capital	10 000	10 000	10 000	10 000	10 000	10 000
Profit Loss Account Reserve	157 794	143 565	156 904	177 729	197 015	209 161
Shareholder Funds	336 155	321 926	335 265	356 090	375 376	387 522

Other Financial Data
Total Fixed Assets Additions		3 396	9 317	64 522	9 363
Total Fixed Assets Cost Or Valuation	559 161	562 557	556 375	610 896	617 259
Total Fixed Assets Depreciation	207 665	234 632	243 697	256 480	276 371
Total Fixed Assets Depreciation Charge In Period		26 967	23 152	22 783	22 891
Total Fixed Assets Depreciation Disposals			-14 087	-10 000	-3 000
Total Fixed Assets Disposals			-15 499	-10 001	-3 000
Accumulated Depreciation Impairment Property Plant Equipment						295 973	310 170	319 829	327 572	333 912	339 579	346 416
Additions Other Than Through Business Combinations Property Plant Equipment							5 405	800	410	800	13 530	2 220
Amounts Owed By Related Parties												7 141
Amounts Owed To Group Undertakings											5 890
Average Number Employees During Period								22	22	21	18	16
Bank Borrowings Overdrafts						97 806	79 686	68 333	58 334	86 001	73 774	56 745
Corporation Tax Payable						6 500	4 065
Creditors						97 806	81 561	96 833	83 973	104 307	79 774	56 745
Fixed Assets	351 496	327 925	312 678	354 416	340 888	447 477	425 385	427 527	397 469	337 825	299 291	294 674
Increase From Depreciation Charge For Year Property Plant Equipment							14 197	9 659	7 743	6 341	5 667	6 837
Investments								123 326	100 601	46 498	100
Investments Fixed Assets						125 626	112 326	123 326	100 601	46 498	100	100
Net Current Assets Liabilities	14 876	8 118	23 937	27 387	52 081	37 852	43 102	42 094	23 902	100 165	126 610	96 178
Number Shares Issued Fully Paid							10 000	10 000
Other Creditors						149 463	1 875	28 500	25 639	18 306	6 000	100 649
Other Taxation Social Security Payable						31 815	28 664	29 818	31 815	26 984	17 739	14 537
Par Value Share						1	1	1
Property Plant Equipment Gross Cost						617 824	623 229	624 030	624 440	625 240	638 770	640 990
Total Assets Less Current Liabilities	366 372	336 043	336 615	381 803	392 969	485 329	468 487	469 621	421 371	437 990	425 901	390 852
Trade Creditors Trade Payables						92 116	104 766	93 452	83 860	60 915	53 675	55 663
Trade Debtors Trade Receivables						234 162	218 461	240 979	218 169	142 416	140 183	155 890
Creditors Due After One Year Total Noncurrent Liabilities	30 217	14 117	1 350	25 713	17 593
Creditors Due Within One Year Total Current Liabilities	392 887	390 570	412 231	365 186	342 257
Revaluation Reserve	168 361	168 361	168 361	168 361	168 361	168 361
Tangible Fixed Assets Additions		3 396	9 317	64 522	9 363	565
Tangible Fixed Assets Cost Or Valuation	559 161	562 557	556 375	610 896	617 259	617 824
Tangible Fixed Assets Depreciation	207 665	234 632	243 697	256 480	276 371	295 973
Tangible Fixed Assets Depreciation Charge For Period		26 967	23 152	22 783	22 891
Tangible Fixed Assets Depreciation Disposals			-14 087	-10 000	-3 000
Tangible Fixed Assets Disposals			-15 499	-10 001	-3 000
Creditors Due After One Year					17 593	97 807
Creditors Due Within One Year					342 257	319 613
Number Shares Allotted						10 000
Share Capital Allotted Called Up Paid					10 000	10 000
Tangible Fixed Assets Depreciation Charged In Period						19 602