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REGISTERED NUMBER: SC204097 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

User Vision Ltd

User Vision Ltd (Registered number: SC204097)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

User Vision Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Mr C Rourke
Ms E Kirk
Mr S Denning





SECRETARY: Ms E Kirk





REGISTERED OFFICE: 55 North Castle Street
Edinburgh
EH2 3QA





REGISTERED NUMBER: SC204097 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

User Vision Ltd (Registered number: SC204097)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,222 8,249

CURRENT ASSETS
Debtors 5 227,968 94,458
Cash at bank 158,705 255,471
386,673 349,929
CREDITORS
Amounts falling due within one year 6 173,880 126,906
NET CURRENT ASSETS 212,793 223,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,015

231,272

CREDITORS
Amounts falling due after more than one
year

7

115,147

150,000
NET ASSETS 99,868 81,272

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 99,818 81,222
SHAREHOLDERS' FUNDS 99,868 81,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

User Vision Ltd (Registered number: SC204097)

Balance Sheet - continued
28 February 2022


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 22 August 2022 and were signed on its behalf by:





Mr C Rourke - Director


User Vision Ltd (Registered number: SC204097)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

User Vision Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at fair value of the consideration received or receivable and represents the amount receivable for goods supplied to customers in the normal course of business, excluding value added tax. The policy is to recognise a sale when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure or tangible fixed assets are credited to profit or loss at the same rate as the depreciation or the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

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.

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 (2021 - 10 ) .

User Vision Ltd (Registered number: SC204097)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2021 54,861 28,052 52,928 152,135 287,976
Additions - - - 883 883
At 28 February 2022 54,861 28,052 52,928 153,018 288,859
DEPRECIATION
At 1 March 2021 54,861 27,765 49,987 147,114 279,727
Charge for year - 287 1,215 5,408 6,910
At 28 February 2022 54,861 28,052 51,202 152,522 286,637
NET BOOK VALUE
At 28 February 2022 - - 1,726 496 2,222
At 28 February 2021 - 287 2,941 5,021 8,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 227,668 92,201
Other debtors 300 300
Tax - 1,957
227,968 94,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 32,305 -
Trade creditors 24,845 15,056
Tax 36,827 -
Social security and other taxes 5,958 28,991
VAT 51,192 76,251
Credit card 1,021 1,408
Accrued expenses 21,732 5,200
173,880 126,906

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
CBILS Loan 115,147 150,000

User Vision Ltd

Report of the Accountants to the Directors of
User Vision Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of User Vision Ltd for the year ended 28 February 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us

As a practising member of the Certified Public Accountants Association, we are subject to its ethical and other professional requirements which are detailed at: https://www.cpaa.co.uk/about-cpaa/how-we-regulate/

This report is made solely to the director of User Vision Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of User Vision Ltd and state those matters that we have agreed to state to the director of User Vision Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that User Vision Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of User Vision Ltd. You consider that User Vision Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of User Vision Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR


22 August 2022