REGISTERED NUMBER: 01837857 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

S H REILY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Thomson

C J Reily

REGISTERED OFFICE:

5 Chaloner Street

Guisborough

TS14 6QD

REGISTERED NUMBER:

01837857 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

113,699

112,172

CURRENT ASSETS

Stocks

74,960

19,702

Debtors

5

392,579

358,916

Cash at bank and in hand

39,008

163,902

506,547

542,520

CREDITORS

Amounts falling due within one year

6

181,678

225,445

NET CURRENT ASSETS

324,869

317,075

TOTAL ASSETS LESS CURRENT LIABILITIES

438,568

429,247

CREDITORS

Amounts falling due after more than one year

7

(28,563

)

(54,443

)

PROVISIONS FOR LIABILITIES

(26,141

)

(24,409

)

NET ASSETS

383,864

350,395

CAPITAL AND RESERVES

Called up share capital

14,463

14,463

Retained earnings

369,401

335,932

SHAREHOLDERS' FUNDS

383,864

350,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 23 December 2025 and were signed on its behalf by:

D A Thomson - Director

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.

Preparation of consolidated financial statements

The financial statements contain information about S H Reily Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

nil

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2023

24,129

20,817

229,464

58,303

332,713

Additions

-

-

-

41,852

41,852

Disposals

-

-

(69,035

)

(31,021

)

(100,056

)

At 30 November 2024

24,129

20,817

160,429

69,134

274,509

DEPRECIATION

At 1 December 2023

-

20,626

186,324

13,591

220,541

Charge for year

-

191

4,315

6,395

10,901

Eliminated on disposal

-

-

(62,225

)

(8,407

)

(70,632

)

At 30 November 2024

-

20,817

128,414

11,579

160,810

NET BOOK VALUE

At 30 November 2024

24,129

-

32,015

57,555

113,699

At 30 November 2023

24,129

191

43,140

44,712

112,172

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

41,852

At 30 November 2024

41,852

DEPRECIATION

Charge for year

4,185

At 30 November 2024

4,185

NET BOOK VALUE

At 30 November 2024

37,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

381,063

345,949

Prepayments and accrued income

11,516

12,967

392,579

358,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

6,506

5,992

Trade creditors

19,713

81,522

Corporation tax

50,970

43,267

Social security and other taxes

5,181

1,693

Other creditors and accruals

31,900

37,019

Loan creditor

56,760

45,304

181,678

225,445

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.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Loan creditor

-

31,190

Bank loan

6,551

17,199

Hire purchase contracts

22,012

6,054

28,563

54,443

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.

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.	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.