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
Vision Leisure Upholstery Ltd
Company Information
for the year ended 31 January 2023
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
Vision Leisure Upholstery Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
33,496
29,907
Cash at bank and in hand
6,075
6,066
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)
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
Vision Leisure Upholstery Ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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
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
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
Vision Leisure Upholstery Ltd
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
1,347
14,123
Accrued income and prepayments
8,216
-
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
Loans from directors
50,838
53,072
7
Creditors: amounts falling due after more than one year
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).