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REGISTERED NUMBER: 01837857 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

S. H. Reily Limited

S. H. Reily Limited (Registered number: 01837857)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. H. Reily Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D A Thomson
C J Reily





REGISTERED OFFICE: 5 Chaloner Street
Guisborough
TS14 6QD





REGISTERED NUMBER: 01837857 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

S. H. Reily Limited (Registered number: 01837857)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,173 122,043

CURRENT ASSETS
Stocks 19,702 19,686
Debtors 5 358,916 322,992
Cash at bank and in hand 163,902 177,722
542,520 520,400
CREDITORS
Amounts falling due within one year 6 225,446 151,213
NET CURRENT ASSETS 317,074 369,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,247

491,230

CREDITORS
Amounts falling due after more than one
year

7

(54,443

)

(115,484

)

PROVISIONS FOR LIABILITIES 9 (24,409 ) (22,858 )
NET ASSETS 350,395 352,888

CAPITAL AND RESERVES
Called up share capital 10 14,463 14,463
Retained earnings 335,932 338,425
SHAREHOLDERS' FUNDS 350,395 352,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S. H. Reily Limited (Registered number: 01837857)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




D A Thomson - Director



C J Reily - Director


S. H. Reily Limited (Registered number: 01837857)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

S. H. Reily Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales and provision of ophthalmic fitting, adjusting and dispensing eyewear, contact lenses and low vision aids.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

S. H. Reily Limited (Registered number: 01837857)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant &
property equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 24,129 308,584 332,713
DEPRECIATION
At 1 December 2022 - 210,670 210,670
Charge for year - 9,870 9,870
At 30 November 2023 - 220,540 220,540
NET BOOK VALUE
At 30 November 2023 24,129 88,044 112,173
At 30 November 2022 24,129 97,914 122,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,967 9,908
Amounts owed by group undertakings 345,949 313,084
358,916 322,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 5,992 5,992
Trade creditors 81,523 33,611
Tax 43,267 33,322
Social security and other taxes 1,693 3,322
Other creditors and accruals 37,019 19,014
Loan creditor 45,304 45,304
225,446 151,213

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Loan creditor 31,190 76,494
Bank loan 17,199 26,944
Hire purchase contracts 6,054 12,046
54,443 115,484

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

S. H. Reily Limited (Registered number: 01837857)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

Security has been provided by way of a debenture in favour of Mr S H Reily and Mrs V Reily by way of fixed and floating charges over the assets of the company and that of the parent undertaking Acuity Vision Care Limited dated 31 October 2015. Hire purchase creditors are secured against the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 24,409 22,858

Deferred
tax
£   
Balance at 1 December 2022 22,858
Movement in year 1,551
Balance at 30 November 2023 24,409

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
14,463 Ordinary £1 14,463 14,463

11. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Acuity Vision Care Limited.

During the year, total dividends of £90,000 (2022: £53,000) were paid to Acuity Vision Care Limited.

At 30 November 2023 Acuity Vision Care Limited owed the company £345,949 (2022: £313,084).

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Acuity Vision Care Limited, a company registered in England and Wales.

The company is under the ultimate control of its directors.