1 January 2022 false No description of principal activity Taxfiler 2023.9 07343941business:PrivateLimitedCompanyLtd2022-01-012022-12-31 073439412021-12-31 073439412022-01-012022-12-31 07343941business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 07343941business:FilletedAccounts2022-01-012022-12-31 073439412022-12-31 073439412021-12-31 07343941core:WithinOneYear2022-12-31 07343941core:WithinOneYear2021-12-31 07343941core:AfterOneYear2022-12-31 07343941core:AfterOneYear2021-12-31 07343941core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07343941core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 07343941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07343941core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 07343941core:PreviouslyStatedAmount2022-12-31 07343941core:PreviouslyStatedAmount2021-12-31 07343941business:SmallEntities2022-01-012022-12-31 07343941business:Director12022-01-012022-12-31 07343941countries:EnglandWales2022-01-012022-12-31 07343941business:RegisteredOffice2022-01-012022-12-31 07343941core:PlantMachinery2022-01-012022-12-31 07343941core:ComputerEquipment2022-01-012022-12-31 07343941core:PlantMachinery2021-12-31 07343941core:ComputerEquipment2021-12-31 07343941core:PlantMachinery2022-12-31 07343941core:ComputerEquipment2022-12-31 073439412021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07343941 (England and Wales)
New Vision Co., Ltd Unaudited accounts for the year ended 31 December 2022
New Vision Co., Ltd Unaudited accounts Contents
Page
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New Vision Co., Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,384 
8,679 
Current assets
Debtors
893,607 
315,691 
Cash at bank and in hand
10,599 
99,974 
904,206 
415,665 
Creditors: amounts falling due within one year
(891,626)
(385,994)
Net current assets
12,580 
29,671 
Total assets less current liabilities
23,964 
38,350 
Creditors: amounts falling due after more than one year
(50,572)
(71,269)
Net liabilities
(26,608)
(32,919)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(26,708)
(33,019)
Shareholders' funds
(26,608)
(32,919)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Di Shi Director Company Registration No. 07343941
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New Vision Co., Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
New Vision Co., Ltd is a private company, limited by shares, registered in England and Wales, registration number 07343941. The registered office is Dawson House Second Floor, 131-135 High Street, New Malden, England, KT3 4BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Balancing Charge
Computer equipment
20% Balancing Charge
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
10,402 
8,390 
18,792 
Additions
4,963 
588 
5,551 
At 31 December 2022
15,365 
8,978 
24,343 
Depreciation
At 1 January 2022
6,752 
3,361 
10,113 
Charge for the year
1,124 
1,722 
2,846 
At 31 December 2022
7,876 
5,083 
12,959 
Net book value
At 31 December 2022
7,489 
3,895 
11,384 
At 31 December 2021
3,650 
5,029 
8,679 
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New Vision Co., Ltd Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
18,710 
14,465 
Trade debtors
- 
141,371 
Amounts due from group undertakings etc.
474,992 
- 
Accrued income and prepayments
211,401 
- 
Other debtors
188,504 
159,855 
893,607 
315,691 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
21,651 
21,651 
Trade creditors
130,156 
37,652 
Amounts owed to group undertakings and other participating interests
635,372 
241,166 
Taxes and social security
13,232 
18,838 
Other creditors
27,067 
18,271 
Loans from directors
55,921 
46,416 
Accruals
8,227 
2,000 
891,626 
385,994 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
50,572 
71,269 
8
Average number of employees
During the year the average number of employees was 0 (2021: 10).
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