1 February 2022 false Taxfiler 2023.10 07128962business:PrivateLimitedCompanyLtd2022-02-012023-01-31 071289622022-01-31 071289622022-02-012023-01-31 07128962business:AuditExemptWithAccountantsReport2022-02-012023-01-31 07128962business:FilletedAccounts2022-02-012023-01-31 071289622023-01-31 07128962business:Director12022-02-012023-01-31 07128962business:RegisteredOffice2022-02-012023-01-31 071289622022-01-31 07128962core:WithinOneYear2023-01-31 07128962core:WithinOneYear2022-01-31 07128962core:AfterOneYear2023-01-31 07128962core:AfterOneYear2022-01-31 07128962core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 07128962core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 07128962core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 07128962core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 07128962core:PreviouslyStatedAmount2023-01-31 07128962core:PreviouslyStatedAmount2022-01-31 07128962business:SmallEntities2022-02-012023-01-31 07128962countries:EnglandWales2022-02-012023-01-31 07128962core:PlantMachinery2022-02-012023-01-31 07128962core:MotorVehicles2022-02-012023-01-31 07128962core:FurnitureFittings2022-02-012023-01-31 07128962core:PlantMachinery2022-01-31 07128962core:MotorVehicles2022-01-31 07128962core:FurnitureFittings2022-01-31 07128962core:ComputerEquipment2022-01-31 07128962core:ComputerEquipment2022-02-012023-01-31 07128962core:PlantMachinery2023-01-31 07128962core:MotorVehicles2023-01-31 07128962core:FurnitureFittings2023-01-31 07128962core:ComputerEquipment2023-01-31 07128962business:OrdinaryShareClass12022-02-012023-01-31 07128962business:OrdinaryShareClass12021-02-012022-01-31 071289622021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07128962 (England and Wales)
Vision Leisure Upholstery Ltd Unaudited accounts for the year ended 31 January 2023
Vision Leisure Upholstery Ltd Unaudited accounts Contents
Page
- 2 -
Vision Leisure Upholstery Ltd Company Information for the year ended 31 January 2023
Director
P Degg
Company Number
07128962 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
- 3 -
Vision Leisure Upholstery Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,496 
29,907 
Current assets
Inventories
47,451 
52,085 
Debtors
9,563 
14,123 
Cash at bank and in hand
6,075 
6,066 
63,089 
72,274 
Creditors: amounts falling due within one year
(136,151)
(146,600)
Net current liabilities
(73,062)
(74,326)
Total assets less current liabilities
(39,566)
(44,419)
Creditors: amounts falling due after more than one year
(29,307)
(38,935)
Provisions for liabilities
Deferred tax
(6,364)
(5,682)
Net liabilities
(75,237)
(89,036)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(76,237)
(90,036)
Shareholders' funds
(75,237)
(89,036)
For the year ending 31 January 2023 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 his 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 25 October 2023 and were signed on its behalf by
P Degg Director Company Registration No. 07128962
- 4 -
Vision Leisure Upholstery Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Vision Leisure Upholstery Ltd is a private company, limited by shares, registered in England and Wales, registration number 07128962. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
15% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
24,784 
42,950 
380 
1,608 
69,722 
Additions
8,972 
- 
- 
- 
8,972 
At 31 January 2023
33,756 
42,950 
380 
1,608 
78,694 
Depreciation
At 1 February 2022
15,102 
23,961 
146 
606 
39,815 
Charge for the year
2,350 
2,848 
35 
150 
5,383 
At 31 January 2023
17,452 
26,809 
181 
756 
45,198 
Net book value
At 31 January 2023
16,304 
16,141 
199 
852 
33,496 
At 31 January 2022
9,682 
18,989 
234 
1,002 
29,907 
- 5 -
Vision Leisure Upholstery Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,347 
14,123 
Accrued income and prepayments
8,216 
- 
9,563 
14,123 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,587 
19,460 
Trade creditors
34,442 
37,797 
Taxes and social security
31,198 
33,055 
Other creditors
86 
3,216 
Loans from directors
50,838 
53,072 
136,151 
146,600 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,307 
38,935 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 9 (2022: 8).
- 6 -