Registered number
04277871
Year end:
31 July 2023
INVISION DISPLAY SERVICES LTD
UNAUDITED FILLETED ACCOUNTS
FOR THE YEAR
ENDED 31 JULY 2023
INVISION DISPLAY SERVICES LTD
Registered number: 04277871
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
FIXED ASSETS
Tangible assets 3 997 347
CURRENT ASSETS
Stocks - 3,700
Debtors 4 14,780 17,736
Cash at bank and in hand 32,451 12,991
47,231 34,427
CREDITORS: amounts falling due within one year 5 (11,787) (15,367)
NET CURRENT ASSETS 35,444 19,060
NET ASSETS £ 36,441 £ 19,407
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 36,341 19,307
SHAREHOLDER'S FUNDS £ 36,441 £ 19,407
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House.
Mr B Cramlington-Ranken
Director
Approved by the board on 18 April 2024
INVISION DISPLAY SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
1 ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment - 20% p.a. on a reducing balance basis
Stocks
Stocks are measured at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse.
Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.
Leased assets
Rentals applicable to operating leases where substantiallty all of the benefits and risks of ownership remain with the lessor are charged against profits as incurred.
Pensions
Contributions to defined contribution plans are charged to the profit and loss account in the period in which they are paid.
INVISION DISPLAY SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
2 EMPLOYEES 2023 2022
Number Number
Average number of persons employed by the company - -
(excluding directors with no specific service contract)
3 TANGIBLE FIXED ASSETS
Office Equipment
£
Cost
At 1 August 2022 5,387
Additions 899
At 31 July 2023 6,286
Depreciation
At 1 August 2022 5,040
Charge for the year 249
At 31 July 2023 5,289
Net book value
At 31 July 2023 £ 997
At 31 July 2022 £ 347
4 DEBTORS 2023 2022
£ £
Trade debtors 11,731 16,392
Loans to directors 1,842 -
Other debtors 1,207 1,344
£ 14,780 £ 17,736
5 CREDITORS: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,023 3,607
Corporation tax 4,224 4,921
Other taxes and social security costs 3,918 2,021
Loans from directors - 2,100
Other creditors 1,622 2,718
£ 11,787 £ 15,367
INVISION DISPLAY SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
6 LOANS TO DIRECTORS
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr B Cramlington-Ranken
Temporary interest free loan - 1,842 - 1,842
£ - £ 1,842 £ - £ 1,842
7 CONTROLLING PARTY
Mr B Cramlington-Ranken controls the company by virtue of his holding 100% of the issued ordinary voting share capital.
8 OTHER INFORMATION
Invision Display Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Titsey Estate Office
Pilgrims Lane
Oxted
Surrey
RH8 0SE
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company.
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