REGISTERED NUMBER: 07500927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Seven Hills Optical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bashir

D Blenkinsop

C J Charlesworth

REGISTERED OFFICE:

11 Fargate

Sheffield City Centre

Sheffield

South Yorkshire

S1 2HD

REGISTERED NUMBER:

07500927 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Tangible assets

4

485,146

286,213

CURRENT ASSETS

Stocks

41,578

35,792

Debtors

5

117,567

99,817

Cash at bank and in hand

327,250

248,713

486,395

384,322

CREDITORS

Amounts falling due within one year

6

466,354

125,357

NET CURRENT ASSETS

20,041

258,965

TOTAL ASSETS LESS CURRENT LIABILITIES

505,187

545,178

CREDITORS

Amounts falling due after more than one year

7

(444,574

)

(427,803

)

PROVISIONS FOR LIABILITIES

9

(19,113

)

(31,150

)

NET ASSETS

41,500

86,225

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

41,498

86,223

41,500

86,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 25 August 2026 and were signed on its behalf by:

D Blenkinsop - Director

1.	STATUTORY INFORMATION

Seven Hills Optical 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 amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales-related taxes.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in the exchange for goods and services provided.

Turnover from the sale of spectacles, contact lenses and other related products is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from the provision of optometry services is recognised when the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

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 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.

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 30 (2025 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

252,312

105,261

36,969

43,293

437,835

Additions

196,107

26,919

9,022

1,426

233,474

At 31 March 2026

448,419

132,180

45,991

44,719

671,309

DEPRECIATION

At 1 April 2025

-

83,593

33,021

35,008

151,622

Charge for year

6,013

17,672

4,161

6,695

34,541

At 31 March 2026

6,013

101,265

37,182

41,703

186,163

NET BOOK VALUE

At 31 March 2026

442,406

30,915

8,809

3,016

485,146

At 31 March 2025

252,312

21,668

3,948

8,285

286,213

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

40,134

2,552

Other debtors

77,433

97,265

117,567

99,817

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

18,880

18,880

Trade creditors

392,308

89,508

Taxation and social security

13,683

9,735

Other creditors

41,483

7,234

466,354

125,357

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

408,923

427,803

Other creditors

35,651

-

444,574

427,803

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

333,403

352,283

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

427,803

446,683

All monies due or to become due from the company to the chargee on any account whatsoever.

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

19,113

31,150

Deferred

tax

£

Balance at 1 April 2025

31,150

Credit to Income Statement during year

(12,037

)

Balance at 31 March 2026

19,113

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

D Blenkinsop

Balance outstanding at start of year

(494

)

7,355

Amounts advanced

29,901

50,935

Amounts repaid

(51,992

)

(58,784

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,585

)

(494

)

A Bashir

Balance outstanding at start of year

-

2,266

Amounts repaid

-

(2,266

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

C J Charlesworth

Balance outstanding at start of year

-

554

Amounts advanced

573

2,359

Amounts repaid

(573

)

(2,913

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

All loans to/from Directors are interest free with no fixed repayment terms.