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
New Vision Co., Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
11,384
8,679
Cash at bank and in hand
10,599
99,974
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)
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
New Vision Co., Ltd
Notes to the Accounts
for the year ended 31 December 2022
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2022
15,365
8,978
24,343
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
At 31 December 2022
7,489
3,895
11,384
At 31 December 2021
3,650
5,029
8,679
New Vision Co., Ltd
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Amounts due from group undertakings etc.
474,992
-
Accrued income and prepayments
211,401
-
Other debtors
188,504
159,855
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
7
Creditors: amounts falling due after more than one year
2022
2021
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Average number of employees
During the year the average number of employees was 0 (2021: 10).