2 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08608949 2022-08-01 2023-07-31 08608949 2023-07-31 08608949 2022-07-31 08608949 2021-08-01 2022-07-31 08608949 2022-07-31 08608949 core:PlantMachinery 2022-08-01 2023-07-31 08608949 core:MotorVehicles 2022-08-01 2023-07-31 08608949 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 08608949 bus:Director1 2022-08-01 2023-07-31 08608949 core:WithinOneYear 2023-07-31 08608949 core:WithinOneYear 2022-07-31 08608949 core:ShareCapital 2023-07-31 08608949 core:ShareCapital 2022-07-31 08608949 core:RevaluationReserve 2022-07-31 08608949 core:RetainedEarningsAccumulatedLosses 2023-07-31 08608949 core:RetainedEarningsAccumulatedLosses 2022-07-31 08608949 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 08608949 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 08608949 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-07-31 08608949 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-07-31 08608949 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 08608949 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2023-07-31 08608949 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-07-31 08608949 core:Non-currentFinancialInstruments 2023-07-31 08608949 core:Non-currentFinancialInstruments 2022-07-31 08608949 bus:SmallEntities 2022-08-01 2023-07-31 08608949 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08608949 bus:AbridgedAccounts 2022-08-01 2023-07-31 08608949 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08608949 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08608949 core:OfficeEquipment 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 08608949
Vision Services (UK) Limited
Filleted Unaudited Abridged Financial Statements
31 July 2023
Vision Services (UK) Limited
Abridged Financial Statements
Year ended 31 July 2023
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements
1
Abridged statement of financial position
2 to 3
Notes to the abridged financial statements
4 to 6
Vision Services (UK) Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Vision Services (UK) Limited
Year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Vision Services (UK) Limited for the year ended 31 July 2023, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Vision Services (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 23 August 2013. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Vision Services (UK) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Services (UK) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Vision Services (UK) Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Vision Services (UK) Limited. You consider that Vision Services (UK) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Vision Services (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
CRAWLEY & CO Chartered Accountants
163 Holland Street Denton Manchester M343GE
13 November 2023
Vision Services (UK) Limited
Abridged Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
18,091
23,471
Investments
6
290,747
245,291
---------
---------
308,838
268,762
Current assets
Debtors
35,786
21,125
Cash at bank and in hand
14,764
142,865
--------
---------
50,550
163,990
Creditors: amounts falling due within one year
6,532
31,474
--------
---------
Net current assets
44,018
132,516
---------
---------
Total assets less current liabilities
352,856
401,278
---------
---------
Net assets
352,856
401,278
---------
---------
Capital and reserves
Called up share capital
1
1
Revaluation reserve
7,137
Profit and loss account
352,855
394,140
---------
---------
Shareholder funds
352,856
401,278
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Vision Services (UK) Limited
Abridged Statement of Financial Position (continued)
31 July 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
B Crawley
Director
Company registration number: 08608949
Vision Services (UK) Limited
Notes to the Abridged Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 163 Holland Street, Denton, Manchester, M34 3GE.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in the revaluation reserve.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
£
Cost
At 1 August 2022
98,542
Additions
876
--------
At 31 July 2023
99,418
--------
Depreciation
At 1 August 2022
75,071
Charge for the year
6,256
--------
At 31 July 2023
81,327
--------
Carrying amount
At 31 July 2023
18,091
--------
At 31 July 2022
23,471
--------
6. Investments
£
Cost
At 1 August 2022
245,291
Additions
53,639
Disposals
( 1,008)
Revaluations
( 7,137)
---------
At 31 July 2023
290,785
---------
Impairment
At 1 August 2022
Impairment losses
38
---------
At 31 July 2023
38
---------
Carrying amount
At 31 July 2023
290,747
---------
At 31 July 2022
245,291
---------
7. Related party transactions
The company is controlled by B Crawley by virtue of his controlling interest.