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REGISTERED NUMBER: 13118410 (England and Wales)















BRITANNIA VISION LTD

Unaudited Financial Statements for the Year Ended 31 January 2024






BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BRITANNIA VISION LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B Manoj
Y C Yang





SECRETARY: Y C Yang





REGISTERED OFFICE: 45 Eider Drive
Apley
Telford
Shropshire
TF1 6TJ





REGISTERED NUMBER: 13118410 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,187 208,442

CURRENT ASSETS
Debtors 5 24,939 8,587
Cash at bank and in hand 397,382 163,214
422,321 171,801
CREDITORS
Amounts falling due within one year 6 314,865 308,304
NET CURRENT ASSETS/(LIABILITIES) 107,456 (136,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,643

71,939

CREDITORS
Amounts falling due after more than one
year

7

(20,868

)

(33,389

)

PROVISIONS FOR LIABILITIES (40,934 ) -
NET ASSETS 211,841 38,550

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 211,831 38,540
SHAREHOLDERS' FUNDS 211,841 38,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Balance Sheet - continued
31 January 2024


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 12 March 2024 and were signed on its behalf by:





Y C Yang - Director


BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Britannia Vision Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Turnover represents sales of non-vatable services. Turnover is recognised when the service is provided.

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.
Improvements to property - Over 55 months
Medical equipment - Straight line over 7 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% Straight Line

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Medical and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 56,646 200,091 2,902 6,888 266,527
Additions - - 973 - 973
At 31 January 2024 56,646 200,091 3,875 6,888 267,500
DEPRECIATION
At 1 February 2023 16,479 38,110 887 2,609 58,085
Charge for year 12,359 28,582 565 1,722 43,228
At 31 January 2024 28,838 66,692 1,452 4,331 101,313
NET BOOK VALUE
At 31 January 2024 27,808 133,399 2,423 2,557 166,187
At 31 January 2023 40,167 161,981 2,015 4,279 208,442

BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Medical
equipment
£   
COST
At 1 February 2023
and 31 January 2024 62,604
DEPRECIATION
At 1 February 2023 11,924
Charge for year 8,943
At 31 January 2024 20,867
NET BOOK VALUE
At 31 January 2024 41,737
At 31 January 2023 50,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 15,253 -
Called up share capital not paid 10 10
Prepayments 9,676 8,577
24,939 8,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 12,521 12,521
Trade creditors 737 33,785
Amounts owed to participating interests 260,000 260,000
Social security and other taxes 10,819 -
Other creditors 21,987 -
Accrued expenses 8,801 1,998
314,865 308,304

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 20,868 33,389

BRITANNIA VISION LTD (REGISTERED NUMBER: 13118410)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 33,389 45,910

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Britannia Vision Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britannia Vision Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Britannia Vision Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Britannia Vision Ltd and state those matters that we have agreed to state to the Board of Directors of Britannia Vision Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannia Vision Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Britannia Vision Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Britannia Vision Ltd. You consider that Britannia Vision Ltd 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 financial statements of Britannia Vision Ltd. 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 financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


12 March 2024