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REGISTERED NUMBER: 04556532 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SIGHT CARE UK LTD

SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGHT CARE UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J C Macfie
Mrs S Macfie





REGISTERED OFFICE: Unit 4
Shopping Park
Welton Road
Brough
East Yorkshire
HU15 1AF





REGISTERED NUMBER: 04556532 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence
Chartered Accountants
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 17,323 11,371
17,324 11,372

CURRENT ASSETS
Stocks 51,079 54,485
Debtors 6 4,537 6,248
Cash at bank and in hand 245,720 251,319
301,336 312,052
CREDITORS
Amounts falling due within one year 7 73,577 67,314
NET CURRENT ASSETS 227,759 244,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,083

256,110

CREDITORS
Amounts falling due after more than one
year

8

(6,150

)

(16,544

)

PROVISIONS FOR LIABILITIES 9 (4,330 ) (2,842 )
NET ASSETS 234,603 236,724

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 234,453 236,574
SHAREHOLDERS' FUNDS 234,603 236,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)

BALANCE SHEET - continued
31 OCTOBER 2024


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 24 March 2025 and were signed on its behalf by:





J C Macfie - Director


SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Sight Care UK Ltd 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.

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 the net sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 20% on reducing balance
Computer equipment - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 141,999 1 142,000
AMORTISATION
At 1 November 2023
and 31 October 2024 141,999 - 141,999
NET BOOK VALUE
At 31 October 2024 - 1 1
At 31 October 2023 - 1 1

5. TANGIBLE FIXED ASSETS
Fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 1 November 2023 17,138 11,643 28,781
Additions 10,088 863 10,951
Disposals (2,543 ) (386 ) (2,929 )
At 31 October 2024 24,683 12,120 36,803
DEPRECIATION
At 1 November 2023 11,062 6,348 17,410
Charge for year 3,233 1,231 4,464
Eliminated on disposal (2,109 ) (285 ) (2,394 )
At 31 October 2024 12,186 7,294 19,480
NET BOOK VALUE
At 31 October 2024 12,497 4,826 17,323
At 31 October 2023 6,076 5,295 11,371

SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,054 5,000
Other debtors 1,483 1,248
4,537 6,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,313 9,993
Taxation and social security 46,653 40,849
Other creditors 16,611 16,472
73,577 67,314

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,150 16,544

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,330 2,842

Deferred
tax
£   
Balance at 1 November 2023 2,842
Movement for the year 1,488
Balance at 31 October 2024 4,330

10. ULTIMATE CONTROLLING PARTY

The shareholder voting rights attach only to the ordinary 'A' shares. The directors each own one half of same and the reporting entity therefore has no ultimate controlling party.