Vision360 (UK) Ltd 07936600 the development and provision of patient remote monitoring services for the healthcare market false 1 April 2022 07936600 2022-04-01 2023-03-31 07936600 2022-03-31 07936600 2023-03-31 07936600 2021-04-01 2022-03-31 07936600 2021-03-31 07936600 2022-03-31 07936600 frs102-bus:FRS102 2022-04-01 2023-03-31 07936600 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07936600 frs102-bus:FullAccounts 2022-04-01 2023-03-31 07936600 frs102-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07936600 frs102-core:CurrentFinancialInstruments 2023-03-31 07936600 frs102-core:CurrentFinancialInstruments 2022-03-31 07936600 frs102-core:Non-currentFinancialInstruments 2023-03-31 07936600 frs102-core:Non-currentFinancialInstruments 2022-03-31 07936600 frs102-core:ShareCapital 2023-03-31 07936600 frs102-core:ShareCapital 2022-03-31 07936600 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 07936600 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 07936600 frs102-bus:Director1 2022-04-01 2023-03-31 07936600 frs102-core:ComputerEquipment 2022-04-01 2023-03-31 07936600 frs102-core:Vehicles 2022-04-01 2023-03-31 07936600 frs102-core:PlantMachinery 2022-04-01 2023-03-31 07936600 frs102-core:ComputerEquipment 2022-03-31 07936600 frs102-core:Vehicles 2022-03-31 07936600 frs102-core:PlantMachinery 2022-03-31 07936600 frs102-core:ComputerEquipment 2023-03-31 07936600 frs102-core:Vehicles 2023-03-31 07936600 frs102-core:PlantMachinery 2023-03-31 07936600 frs102-core:ComputerEquipment 2022-03-31 07936600 frs102-core:Vehicles 2022-03-31 07936600 frs102-core:PlantMachinery 2022-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
07936600
Vision360 (UK) Ltd
Unaudited Accounts
for the year ended
31 March 2023
Vision360 (UK) Ltd
Balance Sheet
as at 31 March 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 27,844 33,064
27,844 33,064
Current assets
Debtors 4 2,914 90,234
Cash at bank and in hand 751,054 854,511
753,968 944,745
Creditors: amounts falling due within one year 5 (76,419) (159,294)
Net current assets / (liabilities) 677,549 785,451
Total assets less current liabilities 705,393 818,515
Creditors: amounts falling due after more than one year 6 (15,794) (17,894)
Provisions for liabilities (0) (0)
Accruals and deferred income (51,721) (39,993)
Total net assets (liabilities) 637,878 760,628
Capital and reserves
Called up share capital 7 1 1
Profit and loss account 637,877 760,627
Shareholders' funds 637,878 760,628

Vision360 (UK) Ltd
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr E Abrams

Director


Approved by the board on 3 November 2023

Company Number: 07936600 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

20-22 Wenlock Road
London
N1 7GU
England

Vision360 (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer refunds and other similar allowances. Revenue from the sale of services is recognised when services are provided.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 25% Reducing Balance
Vehicles 25% Reducing Balance
Plant & machinery 25% Reducing Balance
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 1 1

3. Tangible fixed assets
Computer equipment Vehicles Plant & machinery Total
Cost or valuation £ £ £ £
At 1 April 2022 10,925 29,999 53,827 94,751
Additions 2,356 0 1,154 3,510
At 31 March 2023 13,281 29,999 54,981 98,261
Depreciation
At 1 April 2022 7,730 625 53,332 61,687
Charge for the period 979 7,344 407 8,730
At 31 March 2023 8,709 7,969 53,739 70,417
Net book value
At 31 March 2023 4,572 22,030 1,242 27,844
At 31 March 2022 3,195 29,374 495 33,064

4. Debtors
2023 2022
£ £
Trade debtors 2,914 90,234
2,914 90,234

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 72 0
Taxation & social security 72,032 155,032
Other creditors 4,315 4,262
76,419 159,294

6. Creditors: amounts falling due after one year
2023 2022
£ £
Other 15,794 17,894
15,794 17,894

7. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
1 (2022: 1) Ord shares of £1.00 each 1 1
1 1

8. Borrowings
2023 2022
Creditors repayable in more than five years: £ £
Total instalment payments due 5,268 7,368
Total 5,268 7,368