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Registered number: 08899715














CONDER VISION LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
CONDER VISION LIMITED
REGISTERED NUMBER:08899715

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,015
29,341

  
26,015
29,341

Current assets
  

Debtors: amounts falling due within one year
 5 
835,374
928,229

Cash at bank and in hand
 6 
608,382
508,157

  
1,443,756
1,436,386

Creditors: amounts falling due within one year
 7 
(520,727)
(718,554)

Net current assets
  
 
 
923,029
 
 
717,832

Total assets less current liabilities
  
949,044
747,173

Provisions for liabilities
  

Deferred tax
  
(6,462)
(7,335)

  
 
 
(6,462)
 
 
(7,335)

Net assets
  
942,582
739,838


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
942,482
739,738

  
942,582
739,838

Page 1

 
CONDER VISION LIMITED
REGISTERED NUMBER:08899715
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Conder
Director

Date: 10 April 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
CONDER VISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Conder Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 08899715. After the year, the company changed its registered office address to The Old Police Station, West Square, Maldon, Essex, England, CM9 5AL.

The company's principal activity continued to be that of production of social media and related content across various online platforms.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover from production of social media and related content across various online platforms is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the production of social media and related content across various online platforms is recognised when it is probable the company will receive the consideration due under the contract.

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CONDER VISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CONDER VISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight-line
Office equipment
-
20%
straight-line
Computer equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, other creditors, and loans with related parties.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
CONDER VISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2022
18,222
5,856
14,918
38,996


Additions
-
495
19,051
19,546


Disposals
(18,222)
(1,847)
-
(20,069)



At 31 March 2023

-
4,504
33,969
38,473



Depreciation


At 1 April 2022
2,430
1,376
5,850
9,656


Charge for the year
3,644
830
4,525
8,999


Disposals
(6,074)
(123)
-
(6,197)



At 31 March 2023

-
2,083
10,375
12,458



Net book value



At 31 March 2023
-
2,421
23,594
26,015



At 31 March 2022
15,792
4,481
9,068
29,341


5.


Debtors

2023
2022
£
£


Trade debtors
629,477
483,025

Amounts owed by group undertakings
11,056
93,081

Other debtors
146,139
352,123

Prepayments and accrued income
48,702
-

835,374
928,229



6.


Cash

2023
2022
£
£

Cash at bank
608,382
508,157


Page 6

 
CONDER VISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
162,241
124,048

Amounts owed to group undertakings
115,322
344,396

Corporation tax
112,715
136,106

Other taxation and social security
72,040
81,353

Other creditors
50,623
27,451

Accruals
7,786
5,200

520,727
718,554



8.


Operating leases

As at the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £23,298 (2022 – £NIL). 

9.


Share capital

2023
2022
£
£

Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Transactions with directors

During the year, the company advanced £NIL (2022 - £64,760) to the director of which £182,206 (2022 - £22,927) was repaid to the company. As at the year end, the director owed £95,232 (2022 - £277,438) to the company. The loan is unsecured, repayable on demand and interest has been charged at an official rate.
 
Page 7