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REGISTERED NUMBER: 09705899 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

VIZION INTERIORS LIMITED

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIZION INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: G D Kellett
D Owen





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG





REGISTERED NUMBER: 09705899 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 55,241 27,124

CURRENT ASSETS
Stocks 2,000 5,000
Debtors 6 206,403 480,443
Cash at bank 50,577 129,191
258,980 614,634
CREDITORS
Amounts falling due within one year 7 151,503 351,315
NET CURRENT ASSETS 107,477 263,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,718

290,443

CREDITORS
Amounts falling due after more than one
year

8

(26,163

)

(35,340

)

PROVISIONS FOR LIABILITIES (13,810 ) (5,154 )
NET ASSETS 122,745 249,949

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 122,743 249,947
SHAREHOLDERS' FUNDS 122,745 249,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

BALANCE SHEET - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





D Owen - Director


VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Vizion Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to turnover with reference to the stage of completion of the projects undertaken by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 8,537 4,745 92,020 6,968 112,270
Additions 375 233 63,630 1,024 65,262
Disposals - - (15,990 ) - (15,990 )
At 31 August 2023 8,912 4,978 139,660 7,992 161,542
DEPRECIATION
At 1 September 2022 7,745 1,512 70,125 5,764 85,146
Charge for year 488 747 25,027 1,288 27,550
Eliminated on disposal - - (6,395 ) - (6,395 )
At 31 August 2023 8,233 2,259 88,757 7,052 106,301
NET BOOK VALUE
At 31 August 2023 679 2,719 50,903 940 55,241
At 31 August 2022 792 3,233 21,895 1,204 27,124

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 61,510
Transfer to ownership (61,510 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 49,209
Charge for year 12,301
Transfer to ownership (61,510 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 12,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 172,173 344,339
Amounts recoverable on contracts 6,720 92,269
VAT 18,299 39,187
Prepayments 9,211 4,648
206,403 480,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,592 10,000
Hire purchase contracts - 14,215
Trade creditors 64,594 149,139
Amounts owed to group undertakings 685 2,029
Tax 25,572 52,494
Social security and other taxes 6,615 15,320
Other creditors 26,749 91,786
Directors' current accounts 10,677 1,282
Accrued expenses 7,019 15,050
151,503 351,315

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,592 10,000
Bank loans - 2-5 years 16,571 25,340
26,163 35,340

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 14,215

10. RELATED PARTY DISCLOSURES

The directors introduced net funds into the company of £9,395. At 31 August 2023, the company owed the directors £10,677. (2022: £1,282.)

The loans to the company from the directors are free of interest and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Vizion Build Limited.

The ultimate controlling party is Vizion Build Limited.