2022-04-012023-03-312023-03-31false06740150FOCUSED VISION 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FOCUSED VISION LIMITED

Registered Number
06740150
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

FOCUSED VISION LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

VENTON, Leah Kathleen
VENTON, Simon

Registered Address

C/O Complete Hq Ground Floor
2 Bridge Court, Kingsmill Road
Saltash
PL12 6LS

Registered Number

06740150 (England and Wales)
FOCUSED VISION LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets712,08414,002
12,08414,002
Current assets
Stocks8980980
Debtors997,46068,986
Cash at bank and on hand74,38851,768
172,828121,734
Creditors amounts falling due within one year10(133,254)(94,869)
Net current assets (liabilities)39,57426,865
Total assets less current liabilities51,65840,867
Creditors amounts falling due after one year11(31,309)(37,933)
Provisions for liabilities12(2,296)(2,687)
Net assets18,053247
Capital and reserves
Called up share capital200200
Profit and loss account17,85347
Shareholders' funds18,053247
The financial statements were approved and authorised for issue by the Board of Directors on 24 May 2023, and are signed on its behalf by:
VENTON, Simon
Director
Registered Company No. 06740150
FOCUSED VISION LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year was that of specialised design activities.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
5.Employee information

20232022
Average number of employees during the year00
6.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 22500500
At 31 March 23500500
Amortisation and impairment
At 01 April 22500500
At 31 March 23500500
Net book value
At 31 March 23--
At 31 March 22--
7.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2211,23922036,03347,492
Additions--1,8121,812
At 31 March 2311,23922037,84549,304
Depreciation and impairment
At 01 April 227,19316926,12833,490
Charge for year1,012132,7053,730
At 31 March 238,20518228,83337,220
Net book value
At 31 March 233,034389,01212,084
At 31 March 224,046519,90514,002
8.Stocks

2023

2022

££
Other stocks980980
Total980980
9.Debtors

2023

2022

££
Trade debtors / trade receivables96,40666,232
Other debtors2721,670
Prepayments and accrued income7821,084
Total97,46068,986
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables44,41532,582
Bank borrowings and overdrafts6,6246,620
Taxation and social security28,94412,426
Finance lease and HP contracts9691,916
Other creditors778350
Accrued liabilities and deferred income51,52440,975
Total133,25494,869
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts31,30937,933
Total31,30937,933
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)2,2962,687
Total2,2962,687