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Registered number: 12114565
The Sight Surgery Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Numbers Limited
Chartered Certified Accountants
32 High Street
Wendover
Bucks
HP22 6EA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12114565
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 803 1,605
Tangible Assets 5 27,209 36,278
28,012 37,883
CURRENT ASSETS
Debtors 6 2,399 196
Cash at bank and in hand 2,644 2,852
5,043 3,048
Creditors: Amounts Falling Due Within One Year 7 (1,100 ) (1,020 )
NET CURRENT ASSETS (LIABILITIES) 3,943 2,028
TOTAL ASSETS LESS CURRENT LIABILITIES 31,955 39,911
Creditors: Amounts Falling Due After More Than One Year 8 (95,000 ) (95,000 )
NET LIABILITIES (63,045 ) (55,089 )
CAPITAL AND RESERVES
Called up share capital 9 150 150
Profit and Loss Account (63,195 ) (55,239 )
SHAREHOLDERS' FUNDS (63,045) (55,089)
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For the year ending 31 July 2023 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
Mr M Adams
Director
2 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Sight Surgery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12114565 . The registered office is 32 High Street, Wendover, Bucks, HP22 6EA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are the website which is amortised to profit and loss over its estimated economic life of 4 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:
Plant & Machinery 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Intangible Assets
Other
£
Cost
As at 1 August 2022 3,209
As at 31 July 2023 3,209
Amortisation
As at 1 August 2022 1,604
Provided during the period 802
As at 31 July 2023 2,406
Net Book Value
As at 31 July 2023 803
As at 1 August 2022 1,605
The Website is being written off in equal annual instalments over its estimated economic life of 4 years.
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2022 75,578
As at 31 July 2023 75,578
Depreciation
As at 1 August 2022 39,300
Provided during the period 9,069
As at 31 July 2023 48,369
Net Book Value
As at 31 July 2023 27,209
As at 1 August 2022 36,278
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,159 -
Prepayments and accrued income 186 142
Other debtors 54 54
2,399 196
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,100 1,020
1,100 1,020
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 95,000 95,000
95,000 95,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150 150
10. Related Party Transactions
Included in other creditors is £45,000 due to Ms S Maling, a director of the company.
Included in other creditors is £50,000 due to Chiltern Eye Surgery, a company of which the director, Mr M Adams, is a director.
Chiltern Eye Surgery, a company of which Mr Adams is a director, owns 50% of The Sight Surgery Ltd.
11. Going Concern
The company expects to meet it's commitments through trading activities and with the support of the directors. 
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