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REGISTERED NUMBER: 01824962 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SIGHT LIMITED

SIGHT LIMITED (REGISTERED NUMBER: 01824962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A D Smith
D Lowther





SECRETARY: D Lowther





REGISTERED OFFICE: 34 The Chare
Peterlee
Durham
SR8 1AE





REGISTERED NUMBER: 01824962 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

SIGHT LIMITED (REGISTERED NUMBER: 01824962)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,698 4,710

CURRENT ASSETS
Stocks 5,509 6,326
Debtors 5 57,636 45,378
Cash at bank and in hand 8,978 15,484
72,123 67,188
CREDITORS
Amounts falling due within one year 6 53,574 40,209
NET CURRENT ASSETS 18,549 26,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,247

31,689

PROVISIONS FOR LIABILITIES 2,175 1,178
NET ASSETS 25,072 30,511

CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Retained earnings (4,928 ) 511
SHAREHOLDERS' FUNDS 25,072 30,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 LIMITED (REGISTERED NUMBER: 01824962)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





A D Smith - Director


SIGHT LIMITED (REGISTERED NUMBER: 01824962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Sight 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line basis over term of lease
Fixtures and fittings - 33% on cost and 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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.

SIGHT LIMITED (REGISTERED NUMBER: 01824962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 10,547 129,988 140,535
Additions - 6,180 6,180
At 30 September 2024 10,547 136,168 146,715
DEPRECIATION
At 1 October 2023 10,547 125,278 135,825
Charge for year - 2,192 2,192
At 30 September 2024 10,547 127,470 138,017
NET BOOK VALUE
At 30 September 2024 - 8,698 8,698
At 30 September 2023 - 4,710 4,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,472 5,434
Amounts owed by participating interests 44,834 32,000
Other debtors 11,330 7,944
57,636 45,378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,624 10,115
Taxation and social security 19,947 27,906
Other creditors 17,003 2,188
53,574 40,209

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,162 25,162
Between one and five years 7,689 32,851
32,851 58,013

SIGHT LIMITED (REGISTERED NUMBER: 01824962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary £1 30,000 30,000

9. RELATED PARTY DISCLOSURES

During the year, directors maintained interest free loans to the company. The total balance outstanding at 30 September 2024 was £6,248 (2023 - £248).

During the year, the company maintained interest free loans to companies related by way of their 50% shareholdings in this company. As at 30 September 2024 the balances outstanding totalled £44,834 (2023: £32,000).

During the year, the company paid a glazing fee to a relative of a director of £6,000 (2023: £Nil) at market terms.